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Berlin, Europe
Market Wizard
Experience: Advanced
Platform: NinjaTrader
Broker: Interactive Brokers
Trading: Futures & Stocks
Posts: 9,887 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,114
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I have never heard of this.
The indicator looks at the relative strength of a currency against a whole lot of other currencies, so you need to feed it with multiple quotes, which makes it CPU intensive. It then calculates a relative position and a multi-quote momentum for the selected currencies.
I am not sure that it gives you an edge, you can also simply try a momentum indicator for the currency pair that you want to trade.
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