Forex Currency Strength Index
By Philip Blandford
For Forex traders - reveals a graph of Absolute Currency Strength (Please learn http://en.wikipedia.org/wiki/Absolute_currency_strength to grasp the ideas).
Note: the graph seems significantly better within the advert-free model.
Set a period (eg M1, M15, D1 and so forth), a pattern (steps of 10), and threshold in %. Get an alert when a forex moves above the threshold for the interval and pattern you chose.
Same thing when a forex becomes weak, and strikes under the edge.
For instance:
Click on 'Alarm Clock' icon, click the plus sign, see a dialog to add an alert.
Set an alert for M1/50/0.2 - that is for 50 samples on the 1-minute chart, at a threshold of 0.2. Provided the markets are open, you must get an alert very quickly, that means a currency has moved more than 0.2% in the final 50 minutes.
Second Example:
You set an alert for M5/50/2.0. This means you want an alert when a currency increases OR decreases by 2% on the 5-minute chart, relative to a point 50 5-minute intervals earlier than (that's 250 minutes).
So, if USD has elevated by 3.5%, and NZD has decreased by 2.1%, you get an alert saying USD/NZD.
Another example:
You set an alert for H1/30/5.0 - 30 samples on the 1-hour chart, and a threshold of 5% (You want a bigger threshold for longer durations)
Say CAD has decreased 6%, however no forex has increased more than 5% (the threshold you set) - you get an alert saying -/CAD, which means no rising foreign money, CAD is falling.
You get alerts on the end of each period - that's, H1 alerts come initially of each hour, M30 every half hour and so on.
Please go away a comment if you don't perceive anything, I will attempt to help.
Alerts are handled by way of Google Cloud Messaging, not by polling - so an M1 alert won't be battery heavy, as it is not checking every 1 minute - the server does that.
Disclaimer:
Forex buying and selling is risky, and this is only a software that can assist you decide ent
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