Overview - Currency strength indicators for professional forex trading

If you are professional forex trader, you probably use one of currency strength indicator

. But wich one is the best for your forex trading? This is overview of currency strength indicators on the market.

If you dont know what is currency strength, see this article or wikipedia.

This is based on my personal personal experience. I tried all of them.You can choose from indicators based as desktop aplication or web-based.

There are plenty of Forex currency strength indicators on market. But lot of them not worth mentioning. They are basicly the same ,or useless.

Flowindi.com - Forex Flow indicator - ( free or $20 )

AccuStrength.com - ( $366 )

MegaTrendFX - Flowmeter ( $175 )

Flowindi.com - Forex Flow indicator

First of them and the best for me is Forex Flow indicator from Flowindi.com research group. They use RCS ( relative currency strength ) and ACS ( absolute currency strength ) indicators. See wikipedia for relative currency strength and absolute currency strength terms. It gives me simple best signals from all currency indicators. And is very accurate.

It is web-based indicator, so you can use it on every computer. does not matter if you use Windows or MAC. You can use it with every trading platform as well. And you can get it for free if you join Flowindi.com research group and help them with research or with maketing.It is work for 5 minutes. Perfect on-line support.You can even try demo for free.

AccuStrength.com

Indicator created by Tom Yeomans. It is desktop aplication shows you charts with currency strength. This indicator is also accurate,but I don't like interface of this aplication. It has 5 day's history data and that's why I tried him .Historical data is great feature, but I actualy never used it.

Price of this indicator is very disproportionate. $366 USD.

MegaTrendFX - Flowmeter

It is the same like AccuStrength ,but it is no accurate like Flowindi.com. I tried this because of friendly user interface. But they have no on-line support, nothing. But it is good tool for only $175 USD.

Final verdict

Flowindi.com - Forex flow idnicator

Cost $20 USD month or you can get it for free like me :) ( see their web )

Great web-based interface ( Windows,Mac,Linux )

Very accurate

On-line support on their web

Try demo for free

Source:

Wikipedia : Relative currency strength, Absolute currency strength

Flowindi.com - forex research group

Thank you for reading my Forex trading articles.

Peter Ferel - senior forex trader

Overview - Currency strength indicators for professional forex trading

By: Peter

POST COMMENT

Hiring A SEO Professional The Need and Advantage of Professional Adult Web Designing A Yearlong Professional Development Initiative The Job of A Web Architect Freshers jobs in India - Infosys openings 2010 Hire Professional Seo Expert Services Company Improving the Future for Working Mothers: Obama Scholarships for Moms Which job board is best for you? XForex Currency Trading. Professional, personal and secure trading Your Dream Job - Are You Looking In The Right Place? How To Assess Working In A Call Center The Range Of Office Jobs Reasons To Consider As Professional Vancouver Seo Company