Recruitment of participants 360 degree Indicator MT4

Discussion in 'Forex Indicators MT4' started by Dron, 27 January 2024.

Stage:
Recruitment of participants
Price:
188.00 USD
Participants':
1 of 20
Organizer:
Dron
5%
Settlement fee for participation:
10 USD
  • Participants of Joint purchase:
    1. A R Vijay;

    (Writing to the backup list is prohibited)

  1. Dron

    Dron Well-Known Member
    Staff Member Organizer

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    360 degree Indicator MT4

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    THE 360 DEGREE INDICATOR. It calculates the strength of a currency compared to all its crosses on all time periods at the same time in pips. It then presents all this information in table formats. These tables sit on your charts and updated in real time – you always know the exact relative strength of a currency compared to other currencies in different time periods ALL the time.

    It is ideal to trade the strongest currency against the weakest currency. When the currency cross consists of a strong currency/weak currency you should BUY. When the currency cross consist of a weak currency/strong currency then you should SELL.

    TABLE 1
    The basic relative strength readings over various periods ranging from 3 hours to 3 months as shown below. The figures in the blocks show by how many pips the currency has weakened or strengthened. The red blocks show weakened currencies and the green blocks show strengthened currencies:-

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    You will notice that relative strength is measured in time periods that are not in-line with chart timeframes. This way of measuring relative strength has evolved by user experience over the years and the time periods in place have been found to be informative. Relative strength using short term time frames( 1 minute, 5 minutes, 15 minutes, 1 hour etc.) have not been meaningful and often misleading. Relative strength trading is intended for longer term perspectives.

    Examples of the kind of information you can get from this table are:

    • The JPY has overall strengthened compared to other currencies over all measurement times (sign of a sustained strong currency)
    • The CHF and the EUR, overall has weakened compared to other currencies over all measurement times, except for the 1 month period (sign of a sustained weak currency )
    • In the last day the CHF has lost 995 pips overall compared to other currencies whereas the CAD has gained 653 pips overall compared to other currencies. With the benefit of hindsight buying the CADCHF would have been the best trade to make.
    • You can also see trends in this table. The USD was strengthening in the short term whereas the EUR was weakening in the short term. Selling the EURUSD would have been a good move.
    • Except for the 6 hour view the AUD has been in a strengthening trend.
    TABLE 2
    You will see that the Total column in table 2 is the same as the total column in Table 1. Table 2 breaks the Currency Total column down into the various other currencies that make up the total column for a selected time period shown in the top left corner.

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    Just because the EUR lost 470 pips against other currencies you will see that it actually gained value compared to the CHF. This detail is important as when deciding to trade a particular currency cross. You can change the time period by clicking on the time period heading you want to view in Table 1

    TABLE 3
    Table 3 allows you to compare a particular currency with all other currencies and all other time periods. The EUR was specified in the above example as shown by the currency in the top left corner of the table.
    Again you can see that the EUR row in table 2 in reflected as the 1 Day column in table 3 to give a different perspective.
    You can change the currency by clicking on the currency you want to view in Table 1

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    We have added 4 new indicators
    You can now monitor the RSI, MA, CCI, MACD, ADX, STOCHASTIC, Bollinger Bands and the ATR.

    We have added Alerts
    You can now be alerted via Email, Notifications, Push Notifications and sound Notification when your trading signals activate

    View more details of these changes in this video



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  2. bawa_gee

    bawa_gee New Member

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    This one can be very beneficial to read the whole technical market analysis. Have someone a better option there.?