About the indicator C_StrengthyDownloadz
@This indicator is the one introduced on this page, and I just changed the color to make it easier to see. The copyright notice is left as it is. It determines the strength of eight basic individual currencies.
ELine graph displayed above is strong currency (the currency being bought)
ELine graph displayed below is weak currency (the currency being sold)
¡Example 1: In the case of bought currency = USD
EMake Money With Buying USD (Ì Losing When Selling USD)
EProfitable when opening USD/JPY BUY position Ì Loss when opening SELL position
ELosing when opening EUR/USD BUY position Ì making money when opening SELL position
¡Example 2: If the currency being sold = GBP
EEarn money when selling GBP (a loss when buying GBP)
ELost when opening GBP/JPY BUY position Ì profit when opening SELL position
EProfitable when opening EUR/GBP BUY position Ì Loss when opening SELL position
This indicator does not simply indicate the strength of the currency, but rather considers the dynamic aspect of approaching or leaving each other. Although it may be displayed on any currency pair chart, for example, when displayed on an NZD/CAD chart, only the two lines of the NZD line and the CAD line are displayed as thick lines.
JESARA2 has the nature of range market direction. Therefore, running in a currency pair with two currencies in a relationship that can always maintain the range market will improve performance. As you can see from the indicator C_Strength, AUD and NZD are always close and nearly parallel, even if the relationship is reversed, as their nature is similar. Charts running JESARA2 should be AUD/NZD.(201907312303)