Forex Strength Meter

Find the best Forex trade opportunities, with this full-featured, high performance Currency Strength Meter designed specifically for the iPad. ** Feature ...

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Description

Find the best Forex trade opportunities, with this full-featured, high performance Currency Strength Meter designed specifically for the iPad. ** Feature Summary ** Charting - Line and bar charts - Multiple chart layouts - Show up to 4 charts at once - Landscape and portrait view support - Pinch & zoom, plus pan & scroll gestures - Tap gesture to high/show currencies - Custom settings - colors, time-zone, grid-lines etc Data Server - Data server access included with the App purchase. No subscription fees. - High speed, low latency real-time data - 6 time-frames: M15, H1, H4, D1, W1, M1 - Down to 1-minute resolution - 8 currencies: USD, EUR, GBP, JPY, CAD, AUD, NZD, CHF - Proprietary currency strength algorithm (refined since 2011 for our iPhone and Desktop products) - Advanced cloud server technologies - fast, reliable Currency Strength Alerts - Push notifications - Set alerts for any time-frame or currency - Compare to a value or set for cross-over detection - Custom tones and repeat duration Other - Build in Help / Instructions - Online Support ** What is Currency Strength? ** For a Forex Trader, one of the biggest problems is working out what Forex pairs to trade and what time-frames to focus on. The Forex market is in a constant state of flux with seemingly unrelated moves across a huge number of different Forex Pairs. It’s just hard to know what currencies are driving the market by only watching individual Forex charts. This is where Currency Strength helps, and why it has become such a popular indicator among Forex Traders. Currency strength is based on the principle of price correlation between various Forex pairs. Currency strength is calculated by performing real-time calculations on a large group of Forex pairs. It involves the measurement of relative price moves over various sampling time-windows using a proprietary currency strength algorithm. Currency strength is calculated for 8 currencies (USD, JPY, EUR, GBP, AUD, NZD, CHF, CAD) and reported on a scale of 0 (weakest) to 10 (strongest). All this heavy number crunching is done by our data servers in real-time, and delivered to your iPad with low latency. ** How can it be used for trading? ** Typically a trader would look for extreme strength or weakness on a particular currency, and then focus their attention on trade setups involving related Forex pairs. Currency strength can also be used to quickly work out the cause of a large move on a particular Forex pair. For example, if GBP/USD is trending upwards following an economic news announcement (e.g. US Non-Farm Payroll), the currency strength meter would immediately show whether the move was due to generalized GBP strength or USD weakness. If it was due to USD weakness, then you’d look for trade opportunities on other USD Forex pairs.

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Technical specifications

Version: 1.0

Size: 90.99 MB

System:

Price: 17,41 €

Developed by QM4 Designs

Day of release: 2017-04-18

Recommended age: 4+

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