Strength Candles Forex Indicator MT4

Strength Candles Forex Indicator MT4

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Salepage: Strength Candles Forex Indicator MT4

Merchandise Description
Balance of power between bulls and bears over all periods as measured by the Strength Candles Indicator

The Strength Candles Indicator is a trading tool that shows the power between bulls and bears on timeframes ranging from M1 to D1 in the form of red and green histograms, with a ratio between 0 and 100%. The complete balance of forces between buyers and sellers is shown in percentage form beneath the label of the trading instrument. Since moving averages and indicators like the RSI are not used by this currency strength indicator, the information is delivered instantly.

Although this indicator’s signals cannot be used to enter the market, they may be included into any trend-following forex strategy to help identify the current trend.

What is forex?

Quite simply, it’s the global market that allows one to trade two currencies against each other.

If you think one currency will be stronger versus the other, and you end up correct, then you can make a profit.

If you’ve ever traveled to another country, you usually had to find a currency exchange booth at the airport, and then exchange the money you have in your wallet into the currency of the country you are visiting.

Foreign Exchange
You go up to the counter and notice a screen displaying different exchange rates for different currencies.

An exchange rate is the relative price of two currencies from two different countries.

You find “Japanese yen” and think to yourself, “WOW! My one dollar is worth 100 yen?! And I have ten dollars! I’m going to be rich!!!”
When you do this, you’ve essentially participated in the forex market!

You’ve exchanged one currency for another.

Or in forex trading terms, assuming you’re an American visiting Japan, you’ve sold dollars and bought yen.

Currency Exchange

Before you fly back home, you stop by the currency exchange booth to exchange the yen that you miraculously have left over (Tokyo is expensive!) and notice the exchange rates have changed.

It’s these changes in the exchange rates that allow you to make money in the foreign exchange market.

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