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


Latest Data :

Currency Strength






5 comments:

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  2. If you wish to subscribe to this blog information, you can follow by E-mail. Put your Email Address in the box on the left and submit it. You will receive Email notifications, any time I make new post. I deleted Previous Comment, it did have Website link, not related to Forex or trading. Those posts will be deleted as spam.

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  3. Indicators are trends or generalities that show the state of a certain condition. In trading, a Forex indicator is used to help the trader, to qualify in the market. There are numerous kinds of indicators that a trader can use in his or her game. The influence of the preferred indicator depends on how the trader thinks.

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  4. 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
    Replies
    1. I may decide to post data on blog. (If time permits) You may want to follow this link:
      http://forexscalping101.blogspot.com/search/label/Currency%20Strength

      Delete