These readings will be different for each particular time frame you use the indicator on. This shows us that the USD is stronger because it is above the CAD line. As you can see in the example below the USD (red line) is above the CAD (green line). If a line starts moving lower it is showing weakness. If a line starts moving higher it is showing strength. When monitoring these lines you are looking to see what direction they are moving in and what they are showing you. The indicator used in the example below gives both clear buy and sell signals and also lines to show a currencies strength. As you can see from the chart below, the indicator used in this example gives clear buy and sell signals with green and red arrows. The best currency strength indicators will also give you simple and clear buy and sell signals. There are different strength meters out there and they all get calculated in different ways, but the best ones do this by taking readings against multiple currencies and not just against one. This knowledge can be incredibly useful for not only making new trades, but for also managing your open trades. This is a very simple indicator that will show you where one currency is stronger than another currency or where the momentum is flat. The currency strength indicator will be able to quickly tell you if one currency is stronger than another currency. How to Use the Currency Strength Meter?.What is the Currency Strength Indicator?.
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