A leading indicator of the strength of currencies
- Utilities
- Nikolai Starkovskii
- Version: 1.1
- Updated: 7 July 2024
Here is a unique arrow leading indicator of currency strength. Its proprietary formula will allow you to receive operational information online 24 hours a day.
This indicator constantly calculates data from the Euro/Dollar, Audi/Dollar and Nzd/Dollar currency pairs. And it forms two lines up - up (blue) and down - down (red). When crossing this level EMA 12 (yellow), a signal is given (push and arrow) of the type: NZD: MA cross up. This suggests that the New Zealander is now stronger than the Audi and the euro. This means you need to sell eur/nzd and buy nzd/cad.
I installed this indicator in the utility section because only the last two arrows are visible on the chart.
Why is the indicator leading? The fact is that the signal will arrive before the usual oscillators change. For example, a signal was received that there was a cross-up. At this time, the Momentum indicator shows that the Euro and Audi are larger than the NZD. But after the signal arrives, the picture gradually changes and the NZD Momentum becomes the highest and the Euro/NZD falls, as does the Aud/NZD.
Technique of use:
1. Attach the indicator to the Euro/Aud (screenshot 1) and EUR/NZD (screenshot 2). Timeframe H1.
You can receive all signals from the telegram bot around the clock: