Ultimate Strength Differential SE

Overview

This is the STANDARD EDITION of the ULTIMATE STRENGTH DIFFERENTIAL series. The indicator graphically shows the STRENGTH/WEAKNESS of the base currency relative to the QUOTE currency on any chart it is placed. It is an RSI based indicator that is backed by solid mathematical and statistical computation involving a robust method of determining statistical median of a sample The strength of each currency is calculated across all the pairs in its matrix. Depending on the chart it is placed on, data from more than 14 currency pairs is therefore employed in determining the STRENGTH/WEAKNESS of the base currency relative to the QUOTE currency.

We often forget that FOREX market works by forecasting the strength or weakness of a currency against another currency but this indicator would remind us of that. It will amaze you how this indicator clearly presents the STRENGTH/WEAKNESS of the base currency relative to the QUOTE currency.

Features

• Graphically shows the STRENGTH/WEAKNESS of a currency relative to another
• Can be used in EAs using iCustom to get data from the appropriate buffer (see INDICATOR BUFFER' section for details)
• Can be configured to send push notification of trade opportunities to mobile terminal on new bar event
• Can be configured to email trade opportunities on new bar event
• Can be configured to generate alert of trade opportunities on new bar event
• Highly customizable (Indicator colours can be customized. See 'INPUT PARAMETERS' section for details)

Note: Trade signals generated SHOULD be filtered out using your most appropriate method.

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