Strong And Weak
Correlation is very important when you trade Forex pairs because each currency FX pairs are strongly correlated with each other and we can use it to find out a currency strength based on percentage gain of a currency related FX pairs and then we can compare each currency percentage gain with other currencies.
The currency strength data can have different use cases like trading strongest against weakest or use it as an extra filter for your trading system.
- Uses 28 FX pairs to calculate each currency strength
- Supports eight most traded currencies: USD, EUR, GBP, JPY, AUD, NZD, CAD, and NZD
- Multi time-frame
- Chart Legend
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Release Date: April 20, 2018
Added: Multi time-frame feature
Added: Chart legend
Changed: Calculation method from all bars to x previous bars based on user-defined periods number