The Currency Strength Index shows how major currencies perform against each other in real-time.
You can see at a glance which currency is on the rise and which one is declining, thus giving you
valuable information about buying and selling pressure.
A reading of 100.0% indicates strong buying pressure, and a value of 0.0% shows that the currency
is being actively sold.
To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm,
which makes it a reliable tool in the decision making process of every trader.
The Currency Strength Index is calculated in real-time, on every tick. The calculations are based on the 1 minute time frame.
The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds.
Using Bollinger Band and Stochastic Along with Price Action
Bollinger Band Indicator
Bollinger Bands were established by John Bollinger in the 1980s. Bollinger Bands are comprised of the following bands:
• The upper Bollinger Band
• The moving average Bollinger Band or Middle Bollinger Band
• The lower Bollinger Band
The default settings for the Bollinger Band consist of a 20-period Simple Moving Average for the middle band and the bands are set at 2 standard deviations above and below the middle band. The purpose of Bollinger Bands is to give a relative meaning of highs and lows, measuring price volatility.