CurrencyMeter
- 指标
- Kourosh Hossein Davallou
- 版本: 1.0
- 激活: 7
Currency Meter
When trading Forex, we trade a pair of currencies at time. For example EUR/USD. If we are long on the EUR/USD it means that we expect the EUR to gain in strength relative to the USD. If we are short on the EUR/USD it means that we expect the EUR to weaken relative to the USD. You should be all familiar with this concept.
The key thing about pairs though is that they just indicate the strength of one currency relative to another. If we see the EUR/USD going up, is it because the EUR is strengthening or the USD is weakening? It isn't possible to tell this by just looking at the EUR/USD in isolation.
The indicator using the formula which calculates the 'currency strength' of the following currencies: USD, EUR,GBP, CHF, JPY,CAD, AUD,NZD,XAU,SEK,ZAR,SGD and TRY.