Forex Currency Strength Index 1.1.8
Free Version
Publisher Description
Forex Currency Strength Index - An indicator of Absolute Currency Strength in chart form, with alerts
For Forex traders - shows a graph of Absolute Currency Strength (Please read http://en.wikipedia.org/wiki/Absolute_currency_strength to understand the concepts).
Note: the graph looks much better in the ad-free version.
Set a period (eg M1, M15, D1 etc), a sample (steps of 10), and threshold in %. Get an alert when a currency moves above the threshold for the period and sample you selected.
Same thing when a currency becomes weak, and moves below the threshold.
For example:
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 should get an alert very quickly, meaning a currency has moved more than 0.2% in the last 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 periods before (that is 250 minutes).
So, if USD has increased 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 need a bigger threshold for longer periods)
Say CAD has decreased 6%, but no currency has increased more than 5% (the threshold you set) - you get an alert saying "-/CAD", meaning no rising currency, CAD is falling.
You get alerts at the end of each period - that is, H1 alerts come at the start of each hour, M30 each half hour etc.
Please leave a comment if you do not understand anything, I will try and help.
Alerts are handled through Google Cloud Messaging, not by polling - so an M1 alert will not be battery heavy, as it is not checking every 1 minute - the server does that.
Disclaimer:
Forex trading is risky, and this is just a tool to help you pick entry points as part of an overall trading strategy. I make no promises that you will become rich through using it, and no liability is accepted for any financial damage incurred.
About Forex Currency Strength Index
Forex Currency Strength Index is a free app for Android published in the Accounting & Finance list of apps, part of Business.
The company that develops Forex Currency Strength Index is Philip Blandford. The latest version released by its developer is 1.1.8.
To install Forex Currency Strength Index on your Android device, just click the green Continue To App button above to start the installation process. The app is listed on our website since 2019-12-10 and was downloaded 8 times. We have already checked if the download link is safe, however for your own protection we recommend that you scan the downloaded app with your antivirus. Your antivirus may detect the Forex Currency Strength Index as malware as malware if the download link to org.philblandford.currencystrengthindex is broken.
How to install Forex Currency Strength Index on your Android device:
- Click on the Continue To App button on our website. This will redirect you to Google Play.
- Once the Forex Currency Strength Index is shown in the Google Play listing of your Android device, you can start its download and installation. Tap on the Install button located below the search bar and to the right of the app icon.
- A pop-up window with the permissions required by Forex Currency Strength Index will be shown. Click on Accept to continue the process.
- Forex Currency Strength Index will be downloaded onto your device, displaying a progress. Once the download completes, the installation will start and you'll get a notification after the installation is finished.
