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A very powerful tool that analyzes the direction and the strength of the 8 major currencies: EUR, GBP, AUD, NZD, CAD, CHF, JPY, USD - both in real time, and on historical data. The indicator generates a sound signal and a message when a trend changes. Never repaints signal.
The strength of the signal is calculated for all pairs which include these currencies (28 pairs total), can have value from 0 to 6 on a bullish trend, and from 0 to -6 on a bearish trend.
So, you will never miss a good movement. By placing the indicator on a chart of one currency pair, you will be monitoring the trend of all 28 instruments.
(here is an example of a currency strength for a bullish trend, for bearish - the value will be negative)
The greater the difference between the two currencies, the stronger the trend of the currency pair that includes these currencies.
The indicator signals should not be directly used for market entries!
As a rule, a strong trend will have already developed by the time a signal appears, therefore it is necessary to wait for the rollback and enter the market at the current or smaller timeframe based on the data from the other indicators, for example the Trend Monitor indicator.