Best currency strength indicator

Best currency strength indicator

Since posting the above, the DXY has tested the volume point of control but is poised to close today's session as a long-legged doji candle. How the Currency Strength Indicator Works The Quantum Currency Strength Indicator (CSI) ranks the eight major currencies live, showing relative strength and weakness in real time. It measures momentum across pairs, highlighting which currencies are gaining or losing ground. Unlike single-pair views, CSI provides a relational dashboard—strong currencies rise to the top, weak ones sink. This visual ranking uses volume price analysis (VPA) principles to filter noise and reveal true professional intent. Traders see extremes quickly, spotting overbought or oversold conditions before price action confirms. Identifying Reversals and Trend Opportunities CSI excels at signaling reversals and trends by showing currency extremes. When a currency reaches the top or bottom of the ranking (overextended), reversal potential increases—especially with volume confirmation. For trends, watch sustained strength/weakness: a rising currency paired with a falling one creates powerful directional moves. Forex traders use...
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New forex trading indicators coming soon for TradingView

New forex trading indicators coming soon for TradingView

New forex trading indicators coming soon for TradingView https://youtu.be/n6OzwvOS-EA 00:05 Introduction to TradingView and Pine Script updates 00:05 The speaker begins by discussing TradingView as the primary platform due to recent enhancements allowing object and line drawing in Pine Script, which enables porting previously unavailable indicators. They mention the development progress of multiple indicators, including the currency matrix, currency array, heat map, volume point of control, and support resistance indicators. The current focus is on demonstrating these tools using an hourly chart for the CSI on TradingView. 01:06 Market overview: Dollar weakness and volatility 01:06 The dollar index is showing continued weakness, remaining in a downtrend with only a minor bounce earlier in the US session. The FTSE 100 index exhibits significant volatility since the London open and is currently trading within a fragile range. This pattern of risk and volatility is similarly reflected in the US markets, particularly in the Dow Jones derivative. 02:09 Fragile US and UK markets and expected retracement 02:09 The S&P 500 (ES) and Nasdaq 100 (NQ) futures...
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How to dig out reversal trades in the forex market on NinjaTrader

How to dig out reversal trades in the forex market on NinjaTrader

How to dig out reversal trades in the forex market on NinjaTrader In this video we explain how to dig out reversal trades in forex on the NinjaTrader platform using the currency strength indicator and the currency array indicators from Quantum Trading. https://youtu.be/Y8jiXsiiALU 00:10 Intro and screen delay issues 00:10 The speaker apologizes for a delay in the video feed caused by running on a mobile device, which makes the screen sluggish and causes lag between speech and visuals. They request patience and mention focusing on yen currency pairs during the session. 00:48 Focus on yen pairs and charts 00:48 The speaker discusses the rapid price movements of the Aussie Yen on a five-second chart, highlighting how indicators function consistently across different timeframes, from seconds to weekly charts. They note the similarity in market behavior across various currency pairs like the Pound/Yen and New Zealand/Yen. The segment also touches on the significance of the London market open at 8:00, mentioning how NinjaTrader software prints data to reflect market activity accurately. 01:51 London...
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Trading the US dollar using volume price analysis

Trading the US dollar using volume price analysis

Trading the US dollar using volume price analysis The world is watching the US markets today and, no doubt, over the next few days as the US Presidential election reaches its conclusion. Expect plenty of volatility, and the focus will be on the US dollar, where the currency array and currency matrix indicators come into their own. https://youtu.be/fwHmbnfqqDI 00:11 Introduction and Aussie Dollar Overview 00:11 The speaker begins by discussing multiple currency strength index charts across different time frames (one, five, ten, and fifteen minutes), focusing on the Australian dollar which is continuing to rise. There is significant dollar selling activity visible across these time frames, contributing to the Aussie dollar's climb. The speaker also mentions reviewing dollar futures and the dollar spot matrix to analyze these trends further. 01:14 The analysis continues with the Australian dollar's upward momentum possibly extending across longer time frames depending on individual perspectives. Attention shifts to yen pairs, noting a reversal from buying to strong selling in currencies like the Australian yen...
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A lesson in how to select the best currency pair to trade with trend strength

A lesson in how to select the best currency pair to trade with trend strength

A lesson in how to select the best currency pair to trade with trend strength How do you choose the best currency pair to trade? And what do we mean by best? Most of the time we are looking for strong trends, either a reversal in sentiment where the trend reverses or the continuation of an existing trend. But how do we know which is likely to deliver the strongest trend, and the answer is simple. We match the strongest with the weakest and in doing so are likely to see the strongest trend as a result. The indicator we use to do this is the currency strength indicator which highlights instantly and visually which currencies are rising strongly, which are falling strongly and just as important those which are moving sideways and therefore have neither strength or weakness. https://youtu.be/rS6hgiODSCA 00:11 Introduction to Pound Yen Reversal 00:11 The speaker discusses a live trading setup focusing on the Pound Yen currency pair, highlighting a technical reversal driven...
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Discover how to pick the best currency pair to trade

Discover how to pick the best currency pair to trade

Discover how to pick the best currency pair to trade All trading opportunities are not equal and in this video from the London forex trading session we explain why, and more importantly how to identify those which are strong and those which are weak, and so pick the one which has the greatest momentum in the trend. https://youtu.be/6L1nBBTYkTs 00:10 Introduction and multiple time frame analysis 00:10 The speaker welcomes the audience and comments on the chilly weather compared to last week. They confirm audio clarity and mention working on the Pound New Zealand Xanax set using multiple time frames. The discussion highlights the importance of analyzing currency strength multiples and applying a multi-time frame approach to both charts and indicators. Key elements include support and resistance levels, candlestick patterns, volume price analysis (VPA), and combining these tools for a comprehensive trading strategy. 01:17 Pound New Zealand overbought and reversal signs 01:17 The speaker discusses the British pound and New Zealand dollar, highlighting that the pound is very strongly overbought across...
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Discover how to trade volatility by looking to the cross currency pairs

Discover how to trade volatility by looking to the cross currency pairs

Discover how to trade volatility by looking to the cross currency pairs Discover how to trade volatility by looking at the cross-currency pairs, and this morning in the London session, this was a good example. Many forex traders would have been focused on GBP/USD as the news was released, leading to a whipsaw in price action. However, moving to the GBP/AUD delivered some real trading opportunities with lower risk. https://youtu.be/bv6Y5Sylt7A 00:01 Webinar introduction and disclaimer 00:01 The webinar begins with a warm welcome from the host and her husband David. She reminds viewers of the trading disclaimer, emphasizing the risks involved and advising against using money they cannot afford to lose. She also introduces the session for first-time attendees. 00:29 Overview of volume price analysis method 00:29 This session focuses on analyzing the U.S. markets, particularly the indices. David will present charts related to oil, gold, silver, and other commodities and indices, while the speaker will cover forex charts. The analysis is based on price action combined with volume, following...
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How to create and use a currency matrix for the major currency pairs

How to create and use a currency matrix for the major currency pairs

How to create and use a currency matrix for the major currency pairs In this video we explain how to create your own currency matrix for tracking the currency majors in all timeframes. Using this approach you will be able to quickly assess the strength or weakness in the US dollar and whether this is universal across the complex. In addition this also offers a multichart view of volume price analysis across the pairs and helps to confirm your trading decisions. This approach can also be applied to any other of the currency pairs in the same way, so you may wish to create a Japanese yen complex, a euro complex etc. https://youtu.be/ZQinGMaiLbw 00:11 Introduction and market overview 00:11 The speaker apologizes for a brief pause caused by technical difficulties with screen sharing and chat visibility. They then begin by discussing the current state of market indices, noting that the activity has been rather lackluster with predominantly sideways price movement. 00:41 Currency majors matrix explained 00:41 The speaker introduces a...
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Discover how to create a currency matrix for the currency majors

Discover how to create a currency matrix for the currency majors

Discover how to create a currency matrix for the currency majors If you don't already have the currency matrix indicator from Quantum Trading, in this video we show you how to create your own using multiple charts for the currency majors and explain how this will help you in your own forex trading using volume price analysis. https://youtu.be/8ETgQUmrHSY 00:11 Introduction to currency matrix tip 00:11 The speaker begins by apologizing for previously forgetting to turn on the microphone and mentions being married happily for a long time. They then introduce a method related to currency matrices, describing a manual approach that involves six major currencies as part of a setup or explanation. 00:46 Overview of major currencies sentiment 00:46 The speaker explains a method of analyzing currency sentiment by examining various currency complexes such as the pound, euro, dollar, New Zealand dollar, and Swiss franc. This approach provides insight into risk sentiment within these groups, allowing one to understand market dynamics across different currency complexes like the majors, yen, euro,...
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How to isolate currency pairs using two of the Quantum trading indicators

How to isolate currency pairs using two of the Quantum trading indicators

How to isolate currency pairs using two of the Quantum trading indicators In this video we show you how to isolate currency pairs using two of the Quantum trading indicators. The two indicators are the currency strength indicator and the currency matrix indicator and here we are using them on the MT5 platform. https://youtu.be/_G4X9POpRvI 00:10 Introduction to Forex trading indicator 00:10 The speaker reflects on tuning out earlier and then discusses returning to the topic of selecting and scanning for trading opportunities in Forex. They mention that some viewers may be familiar with their indicators, but for newcomers, the tool is designed to highlight potential trades. The speaker personally focuses on the British Pound and its currency pairs when using this tool. 00:46 Currency strength indicator overview 00:46 The dashboard features a currency strength indicator that breaks down the market into individual currencies. Each line represents a different currency and shows their recent movements. For example, the British Pound experienced a notable rise on the hourly chart earlier, followed by...
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