The Currency Strength Index shows how major currencies perform against each other in real-time. You can see at a glance which currency is on the technical analysis of forex books and which one is declining, thus giving you valuable information about buying and selling pressure.
To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader. The Currency Strength Index is calculated in real-time, on every tick. The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds.
It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs. However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder. The entry and exit rules are shown below. BBS Trading Expert is available with the “BAND INDICATORS” DVD! Want to know more about “Capturing Profit with Technical Analysis”? AXIOM business books awards, bronze medal for my book!