Power of NZD with average

Power of XXX with average indicator 

Version 229.201

The indicator is a new version of a previously published indicator showing the relative actual strength of currency XXX.

Zero lines (0.0) presents average with a chosen period (AveragePeriod variable).

The indicator calculates its value of close prices of 7 pairs containing currency XXX.

A colored histogram was added to simplify the interpretation of the market situation.

Now you have 2 mode options to choose from:

• • TREND
  • COUNTER-TREND

The same color on BASE and QUOTE in equal mode means a higher opportunity to trade incorrect direction.

Instance 1 = BUY:

EUR USD.

You chose mode TREND for Power of EUR with average and Power of USD with average.

Both indicators show the GREEN color you should be prepared to BUY pair EUR USD.

Instance 2 = SELL:

EUR USD.

You chose mode TREND for Power of EUR with average and Power of USD with average.

Both indicators show the RED color you should be prepared to SELL pair EUR USD.