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- 2020.04.06 12:34
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Power of XXX indicator description.
The indicator is showing relative actual strength of currency XXX.
The indicator calculates its value of close prices of 7 pairs containing currency XXX.
The indicator can be used for MEAN REVERSION based strategies.
Lets assume XXX YYY currency pair scheme where XXX is BASE currency and YYY is QUOTEcurrency.
Place Power of XXX into your chart first and Power of YYY second.
You can have 2 relevant situations.
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Indicators curves are close to each other. It means there is higher probability that the price of the pair XXX YYY will go UP.
Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).
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Indicators curves are FAR from each other. It means there is higher probability that the price of the pair XXX YYY will go DOWN.
Do not take Power of .. signals separately from overall market situation (SR levels/zones and so on).
![Power of GBP](https://c.mql5.com/i/code/indicator.png)
Power of GBP indicator shows actual strength of currency GBP calculated of 7 pairs that contain GBP. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR GBP, GBP USD, GBP JPY, GBP AUD, GBP CAD, GBP NZD, GBP CHF.
![Power of CHF](https://c.mql5.com/i/code/indicator.png)
Power of CHF indicator shows actual strength of currency CHF calculated of 7 pairs that contain CHF. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR CHF, USD CHF, GBP CHF, CAD CHF, AUD CHF, NZD CHF, CHF JPY.
![Power of NZD](https://c.mql5.com/i/code/indicator.png)
Power of NZD indicator shows actual strength of currency NZD calculated of 7 pairs that contain NZD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR NZD, GBP NZD, AUD NZD, NZD USD, NZD CAD, NZD JPY, NZD CHF.
![Power of USD](https://c.mql5.com/i/code/indicator.png)
Power of USD indicator shows actual strength of currency USD calculated of 7 pairs that contain USD. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: EUR USD, AUD USD, NZD USD, GBP USD, USD JPY, USD CAD, USD CHF.