Unfortunately, I didn't trade this signal and have no draft. One can check the levels at the chart.

An indicator for the strength of a currency

Now, from indicator, AUD comes back to the last low level and this may be a level for selling AUD again! image

An indicator for the strength of a currency

As an example of buying / selling a currency, here is AUD and NZD. Today (19 June 2019), at 10:40', the indicator shows that AUD and NZD were getting weaker and so we could sell one or both of them. image If we were going to sell AUD, we should ...

An indicator for the strength of a currency

Thanks for the replys . Actually, I am here to learn how to trade based on strength and weakness of a currency . I tried trading (on real account) based on round levels, but there is still some doubts on trades. I am looking for a ...

An indicator for the strength of a currency

I have no idea about over-sold and over-bought conditions. In over-sold and over-bought conditions, you compare two waves which one can be an indicator. How do you interpret +5 / -5 as over-bought / over-sold conditions!? In addition, +5 / -5 for a ...

An indicator for the strength of a currency

The question is that, how to know if a currency is getting strong or weak!? When do we buy a currency and when sell it?

An indicator for the strength of a currency

Yes it is. But, as I said in the early post, this indicator shows the strength or weakness of a currency based on all other (major) 7 counterparts. So, it should not be interpreted as a single pair signal provider. For example, you see that EUR is ...

An indicator for the strength of a currency

Now AUD is the weakest. Can we trade with this signal and sell AUD? image image image image image image image image

An indicator for the strength of a currency

Another example which shows the strength of EUR against its counterparts: image image image image image image image image

An indicator for the strength of a currency

Another example which shows the weakness of GBP compare to its counterparts: image image image image image image image image

An indicator for the strength of a currency

Here is an example: image At 14 June, after 15:30', we could gain profit if we bought USD. At 17 June, after 15:30', we could gain profit if we sold GBP.

An indicator for the strength of a currency

I think that the message is for the program type :-D Because I have found the following code in the source library: switch(m_program_type) { case PROGRAM_EXPERT: if(!CreateExpert(x1,y1,x2,y2)) return(false); break; case PROGRAM_INDICATOR: ...

CAppDialog: invalid program type

Dear JsCave Thanks for complete description. It really helps me.

A Pattern for Long term and Scalping trades

Please, in this pattern, how do you enter and exit and where do you place the stop-loss?

A Pattern for Long term and Scalping trades

Yes, it is somehow similar to Elliot waves, but here we can define exact entry and exit points. The note here is that in almost all patterns which I found, the distance from L:1 to L:2 is equal to distance from L:2 to L:3 ! Do you see some patterns ...

A Pattern for Long term and Scalping trades

Another example which shows reaction of -0.1 and +0.1 levels. But, there is a percentage of uncertainty about these cases! We are looking for another filter or definition to eliminate such uncertainties! Any idea?

Modified Moving Average (for Scalping purposes)

Sometimes indicator hit level "-0.1" (or "+0.1") and then pulls back (with little divergence)! Here is an example. I am wonder if we can find that times! I see that in an up-trend, indicator hit level "+0.1" several times or exceeds that level ...

Modified Moving Average (for Scalping purposes)