Succesful forex traders must be able to see the market at a macro level in order to decide which currency pairs offer the best trading opportunities.
The FX AlgoTrader FX Strength Analyzer provides a real-time aggregated relative strength analysis for EUR,GBP,USD,CHF,JPY,CAD and AUD (The Major Pairs)
The analyzer is provided as an MT4 custom indicator and allows traders to quickly assess the overall aggregated relative strengths of EUR, GBP, USD, CHF, JPY, CAD and AUD on any timeframe.
The system first calculates the average relative strength for each pair and then performs a moving average calculation before displaying the smoothed data in a separate chart window.
The relative strengths are aggregated from the following data:-
EURUSD, EURGBP, EURCHF, EURJPY, EURTRY, EURAUD, EURNZD, EURCAD, EURSEK, EURNOK,EURRUB, EURHUF, EURPLN, EURCZK.
GBPUSD, GBPJPY, GBPAUD, GBPCHF, GBPCAD, GBPNZD, EURGBP
EURUSD, USDJPY, USDCHF, GBPUSD, AUDUSD, NZDUSD, USDCAD, USDTRY, USDZAR, USDSEK, USDNOK, USDSGD USDRUB, USDPLN, USDHUF, USDCZK, USDZAR
USDCHF, GBPCHF, EURCHF, CHFJPY, NZDCHF
USDJPY, GBPJPY, EURJPY, TRYJPY, CADJPY, CHFJPY, NZDJPY, AUDJPY, ZARJPY, USDJPY
AUDUSD, EURCAD, CADJPY, AUDCAD, USDCAD, GBPCAD
AUDUSD, AUDCAD, AUDJPY, AUDNZD, GBPAUD, EURAUD