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The indicator measures a currency’s relative strength, on different timeframes, through a certain percentile spread analysis. This allows us to compare which are the strongest currency pairs, against the weakest pairs.
The indicator measures a currency’s relative strength, on different timeframes, through certain percentile spread analysis. This allows you to compare which are the strongest currency pairs, against the weakest pairs.
These spreads are based on comparison against USD.
KEY LINKS: Indicator Manual – How to Install – Discord Server – Frequent Questions – All Products
How is “CEF Spread Currencies Strength” useful to you?
This indicator determines a currency’s strength for different timeframes, based on its spread historical record.
How can you use “CEF Spread Currencies Strength” indicator?
The low scores indicates large negative than usual spread of this currencies against others and the high scores indicates large positive than usual spread of this currencies against others.
Components
Support and questions:
Use our discord server if you have any question or need support, If you buy an indicator, please send us your buy ticket to add you to channels with premium support and multiple benefits.
About Author:
Carlos Forero, Member of Clever Trading Club, private organization with the purpose of design clever solutions to generate constant profits with adapted risk.
<a href=”https://www.mql5.com/en/market/product/38654#!tab=reviews”><img src=”https://clevertrading.club/wp-content/uploads/2020/10/Review-Stars.png” style=”margin-right:5px; margin-top:5px;” />
<h3>Clever Spread Strength Meter<h3></a>
<h4>2020-10-01 | Mujeeb Abdul</h4>
<p>Excellent Indicator give good strength of currencies and commodities helps a lot Author is very cooperative made some modification on my recommendation thanks</p>
It shows buys and sell signals with suggested stop and target. In the same way, it calculates the essential trading analysis statistics as successful and profit ratio.
The indicator uses market profile theory to show the auction level on user-specified time basis. The Auction level is a key level of market that gives a trend bias depends on the location of price.
The indicator shows the TDI indicator in a separate window, and with the RSI component, the indicator finds possible divergences with M or W patterns.