Sunday, August 4, 2013

Advanced Indicators from Hector Deville - Trend Scanner and Forex Currency Index

















Read My Review:



 I like Forex Currency Index indicator. It shows currency strength  in different time frames. Choose one weakest currency and one strongest and trade that pair, if its trending. Buy the stronger one or sell the weakest.   But be careful - if the pair moved already about 40-50 pips to one direction. It may reverse to opposite direction. Then you can take nice counter scalp trade.  Check out ADR (Average Daily Range) for that pair. 

You can find it here: Check out post # 111

forexfactory.com/showthread
Trend Scanner: it is good tool for checking in which direction currency pair is moving. So you don't need to look every chart in all time frames. If you like trading ranges or slow moving pairs, choose pairs with most grey boxes. That means - this pair is not moving much. After long grey period, the trend will start.

Note: the indicators may show  slightly different readings if your brokers session times are different. 
Indicators are free if you purchase Hector's courses.  





See also:










 





Signal Bars Indicator V10 for Metatrader MT4 by SJA




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Will post weekly strength  data on the end of the week on this page, you can subscribe to it

Currency Strength




Recent Strength Indicator by Hanover. I find it very useful





 

5 comments:

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    ReplyDelete
  2. both are great is there a way of storing past data so you can look at what has happened before todays indication, thank you

    ReplyDelete
  3. Could you please explain the little numbers and the arrows? Often times the arrow, the graph, and the number are all saying opposite things. What do they mean?

    Cheers

    ReplyDelete
    Replies
    1. I think that should mean that strength is shifting to other direction. Download Hanover's strength indicator, i posted link on the bottom page, it is good
      can check out this one too, can be useful for scalping
      https://www.mql5.com/en/market/product/5890#

      Delete
  4. I love your blog. It would be nice if more blogs now a days had good information like this. Thank you for the sharing.

    ReplyDelete