Dynamic Forex28 Navigator USER MANUAL

Dynamic Forex28 Navigator USER MANUAL

12 September 2024, 17:03
Bernhard Schweigert
3
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Dynamic Forex28 Navigator - The Next Generation Forex Trading Tool

Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one:

The Dynamic Forex28 Navigator uniquely designed to assess and display both currency strength and momentum using an innovative formula and a set of cutting-edge features. This tool is integral to the 28Pairs Currency Strength Trading System—commonly referred to as the Double-GAP Strategy—a primary trading methodology that capitalizes on the dynamic interplay of currency strength and weakness.

We have combined our renowned indicators—the Advanced Currency Strength28 Indicator, Advanced Currency IMPULSE with ALERT, and CS28 Combo Signals—into one comprehensive product: Dynamic Forex28 Navigator. This powerful indicator offers traders a unified solution for analyzing currency strength, momentum, and generating actionable signals across 28 Forex pairs!


Why Choose Currency Strength Trading?

Currency strength trading is widely recognized among seasoned traders as one of the most profitable trading strategies. By focusing on currency pairs where one currency is strong and the other is weak, traders can optimize their chances for successful trades. The Dynamic Forex28 Navigator is specifically engineered to enhance this approach, providing real-time insights that allow for precise decision-making.

Key Features of Dynamic Forex28 Navigator

  • Real-Time Currency Strength Analysis: Accurately measures and displays the strength and momentum of each currency across 28 major pairs, allowing traders to identify profitable trading opportunities.

  • Momentum Measurement: Uniquely tracks the momentum (old: GAP) at which a currency is gaining or losing strength, giving traders an additional layer of analysis for better timing their trades.

  • Innovative Formula: Utilizes a proprietary algorithm to calculate currency strength and momentum, offering a more refined and accurate representation of market conditions compared to traditional indicators.

  • Comprehensive Trading Strategy Integration: Designed to be a core component of the 28Pairs Currency Strength Trading System, seamlessly integrating into a broader trading strategy that emphasizes exploiting currency strength differentials.

BUY and SELL MOMENTUM


Key Features and Innovations:

  1. New Formula for Currency Strength Calculation:

    • The indicator utilizes a proprietary formula that provides smooth and accurate currency strength lines across all time frames. This allows traders to effectively identify general trends on higher time frames and pinpoint precise entries on shorter time frames.

  2. Dynamic Market Fibonacci Levels:

    • Currency Strength28 PRO uniquely applies Dynamic Market Fibonacci Levels to currency strength. These levels adapt both dynamically and historically to current market activity, optimizing each time frame individually for enhanced accuracy and relevance.

  3. Market Momentum Line:

    • The 9th line represents Market Momentum, which indicates whether the market is active or passive. This feature is crucial for timing trades and understanding the overall market environment.

  4. Arrows for Strong Currency Momentum ("old: GAP"):

    • Visual indicators in the sub-window display arrows for strong currency momentum, helping traders quickly identify profitable "GAP" opportunities.

  5. Arrows and alert for Base and Quote Currency Momentum ("old: dGAP"):

    • In the main window, arrows highlight strong Dual Momentum for both the base and quote currencies, complete with alerts. This feature enhances decision-making by providing real-time momentum insights.

  6. Filter and Alerts for Combined Conditions:

    • A specialized filter combines the cross and outer range conditions, triggering a vertical line and an alert when all criteria are met. This feature ensures that traders are notified of the most promising trading setups.

  7. Signal Information on Main Window Display:

    • The main window displays detailed signal information, including the strongest BUY and SELL Momentum, Dual Momentum Pairs, and filter info, as well the Market Conditions. The buttons allows for quick chart access, streamlining the trading process.

  8. Overbought/Oversold Warnings:

    • Visual warnings (X-STOP) are displayed when a currency enters an oversold or overbought zone (Outer Range Fibonacci Levels), helping traders avoid potential reversals.

  9. Hit and Pullback/Reversal Alerts (HIT & HOOK):

    • Alerts are triggered when currency strength drops back from the Outer Range, complete with an arrow indicating the potential for a pullback or reversal. With historical arrows.

  10. Special Cross Pattern Alerts:

    • The indicator provides alerts and visual objects in the sub-window to highlight special cross patterns, which can be critical for identifying high-probability trades.

  11. Optimized Data Handling:

    • The indicator is designed to minimize data calls from external pairs, reducing the load on your trading platform and enhancing performance.

  12. Automated Support Charts:

    • Automated charts support faster broker feeds, ensuring that traders have access to real-time data without delays.

  13. Quick Chart Switching:

    • Buttons are available for rapidly switching between different charts, allowing for efficient analysis across multiple currency pairs.

Dual Momentum

How It Works:

Once the Dynamic Forex28 Navigator indicator is added to a single chart, it provides comprehensive signals for all 28 Forex pairs. The indicator not only offers real-time data on strength and momentum but also draws historical signals on the chart, allowing traders to backtest strategies and review past market behaviors.

Conclusion:

By merging our most advanced indicators into one product and integrating sophisticated features such as Dynamic Market Fibonacci Levels and the proprietary currency strength formula, Dynamic Forex28 Navigator stands out as the best currency strength indicator available. Its innovative features and user-friendly design make it an essential tool for any serious Forex trader.

Dual Momentum


Dynamic Market Fibonacci Levels (MFib) Explained

What Are Dynamic Market Fibonacci Levels?

Dynamic Market Fibonacci Levels (MFib) are a groundbreaking feature of the Advanced Currency Strength28 indicator, taking traditional Fibonacci levels to a whole new level by applying them to currency strength rather than price charts. This innovative approach provides traders with a more comprehensive view of the market, allowing for better-informed decisions based on broader market activity.

How Do Dynamic Market Fibonacci Levels Work?

Unlike standard Fibonacci levels that are applied to price charts, Dynamic Market Fibonacci Levels are based on the overall market activity across all 28 currency pairs. This unique method helps traders align their trades with market makers' activity, ensuring they are on the right side of the trade during crucial market movements.

For example, on minute charts, you can observe increasing market activity at the London open and a decline around the London/New York close, giving you clear insights into when to enter or exit trades.

Key MFib Levels and Their Uses:

  1. MFib 161 and 261 - Market Fibonacci Retracement Zones:

    • These levels (MFib 161/-161 and MFib 261/-261) are crucial for identifying potential reversal zones and assessing strength sentiment. When currency strength lines approach these levels, it signals a possible reversal or a significant change in market sentiment.

  2. MFib 100 - Entry Timing:

    • The MFib 100 level is used to determine whether you are entering a trade early enough. It acts as a checkpoint, helping traders avoid late entries that might miss the optimal profit window.

  3. MFib 23 - Sentiment Check:

    • Some traders also use the MFib 23 level to gauge market sentiment (MFib 23/-23). This level is optional but can provide additional confirmation that the market is moving in the direction of your trade.
    • The MFib 23 value is also utilized to calculate the momentum value, which is used to trigger the momentum arrow, highlighting strong momentum shifts.

Combining MFib Levels for Enhanced Alerts:

When combined, these MFib levels contribute to various advanced functions within the indicator:

  • HIT and HOOK Alert:

    • This alert is triggered based on the interaction of currency strength lines with key MFib levels, providing timely notifications of potential trade opportunities.

  • Pink Stopper Sign:

    • The pink stopper sign acts as a warning for extreme levels, signaling that the market may be reaching a point of exhaustion or reversal.

Reversal Alert

Conclusion:

The Dynamic Market Fibonacci Levels in Dynamic Forex28 Navigator offer a powerful, unique tool for Forex traders. By applying Fibonacci levels to currency strength across the entire market, traders gain access to insights that are not available with any other currency meter. These levels, when used in conjunction with the indicator's other features, provide a comprehensive framework for making more precise and informed trading decisions.


Dynamic Forex28 Navigator Display Overview

  1. BUY SELL Momentum Trigger

    • Description: Indicates the current momentum value set at 20-23, which triggers the momentum arrow when the specified conditions are met.

  2. Strongest BUY Momentum

    • Description: Displays the currency with the strongest upward momentum (e.g., NZD 27 buy), showing the Momentum value in green.

  3. Strongest SELL Momentum

    • Description: Displays the currency with the strongest downward momentum (e.g., USD -29 sell), showing the Momentum value in red.

  4. Market Activity

    • Description: Provides real-time market conditions with five possible statuses, including warnings like "Market Volatile!!" for high volatility periods.

  5. Leading Currency Momentum

    • Description: Highlights the currency with the most extreme momentum, either the strongest or the weakest, giving traders a quick overview of significant market movements.

  6. Dual Momentum Signals on Closed Bar BUY/SELL with Alert

    • Description: Lists multiple signals that meet the specified conditions, indicating Dual Momentum. Each signal includes the currency pair, action (buy/sell), and confirmation of conditions met ("Crossed Levels" and "Outer Range!"), where currencies have crossed or reached outer ranges. Clicking on a signal opens the corresponding chart.
Display Dynamic Forex28 Navigator


Key Input Parameters for Dynamic Forex28 Navigator

BUY & SELL Momentum Settings

  • BUY SELL Momentum Trigger on Fib slope (18-26)
    Sets the BUY & SELL Momentum Market Fibonacci level (23 slope) to indicate momentum.
  • Draw BUY & SELL Momentum Arrow (sub-window)
    Displays arrows in the chart sub-window to indicate strong currency BUY & SELL Momentum.

Dual Momentum Alert Settings

  • Draw Arrow for Dual Momentum (main window)
    Displays arrows for all detected Dual Momentum signals (Strong momentum for base and quote currencies).

  • Draw V-Line on Dual Momentum
    Draws vertical lines on confirmed Dual Momentum signals with filters.

  • Alert Dual Momentum

Dual Momentum Filter Settings

  • Show Outer Range Info
    Displays Outer Range information in the chart for better analysis.

  • Outer Outer Range Max Level (100-161)
    Sets the outer Outer Range max level for oversold/overbought zones.

  • Show CS Crossed Levels Info
    Displays Crossed Levels alongside Outer Range info.

CS Alert Settings

  • Alert Outer Range Trigger HIT
    Alerts when currency strength reaches the Outer Range Market Fibonacci levels.

  • Alert Outer Range Trigger HOOK
    Sends alerts for pullback/reversal when currency strength drops back from the Outer Range.

Settings Reversal or Exit

  • Alert Outer Level HIT
    Alert when Outer Range Fib is hit.
  • Alert Outer Level HOOK (reversal)
    Alert reversal HOOK for potential reversals.
  • HOOK Outer Fib Trigger Level (161-262)
    Fib level for above
  • Hook min Dual Momentum (20-48)
  • Draw Reversal HOOK Arrow (Thumb)
  • Draw Outer Fib Stop
    Indicates outer Market Fibonacci stop levels on the chart.
  • Outer Fib Stop value (100-261)
    Minimum Fib for above.


CS CROSS Alert Settings

  • Activate Currency Crossed Levels Functions
    Enables currency Crossed Levels signs for key market signals.

  • Cross Fib Slope (20-46)
    Minimum dual momentum.

  • Alert Currency Crossed Levels
    Alerts for currency Crossed Levels events when enabled.

General Alert Settings

  • Enable Popup Alerts
    Turns on popup alerts for key market events.

  • Send Email Alerts
    Sends email alerts for currency strength signals.

  • Send Push Notifications
    Sends push notifications to your phone for alerts.

Other Settings

  • Quick Chart Open in New Window
    Allows quick chart switching by clicking on two currency names or the alert buttons, opening the new pair in a separate window.

  • Open Support Charts
    Opens support charts to keep broker feeds updated and reliable.

  • Exclude Pairs from Alerts
    Specify pairs to exclude from alerts using a comma-separated list.

  • Use PIN for Experts (EAs)
    Secures Expert Advisors with a PIN for enhanced security.




Dynamic Forex28 Navigator: The Ultimate Multi-Signal, Multi-Timeframe, Multi-Pair Indicator

Dynamic Forex28 Navigator is a highly versatile indicator designed for all timeframes, providing signals for all 28 currency pairs on a single chart. It is packed with features and is fully configurable to meet the needs of any trader.

Please take your time to thoroughly study this indicator. This is not just a simple tool—think of it as flying a helicopter rather than riding a bicycle.

Seven Key Features:

  • Double-GAP Alert: Displays arrows and info on the dashboard, indicating strong momentum in two currencies, with buy and sell suggestions across multiple pairs. Quick-open chart button included.
  • Outer Market Fibs Hit Alert: Warns when a currency strength reaches extreme levels.
  • Hook Alert: Notifies you of a currency strength reversal from extreme levels.
  • Cross Alert: Signals a trend change with the Currency Strength cross pattern.
  • GAP Arrow: Indicates the minimum momentum in currency strength.
  • Pink X Warning Sign: Alerts to extreme levels in currency strength.
  • Market Conditions: Provides an overview of current market activity.

Each of these signals can be finely tuned to your preferred trigger values. Since every trader has a unique approach to the market, you can choose which signals to trade and customize the settings to perfectly align with your trading style and psychology.



We are currently offering Dynamic Forex28 Navigator at a special introductory price.

MT4 CLICK HERE 

I will always help you if you have any questions.


I wish you many green pips in the future.

Best regards, Bernhard

www.CurrencyStrength28.com

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