subject: Overview - Currency strength indicators for professional forex trading [print this page] 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.
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.
