3/3/2024 0 Comments Currency strength meter alert![]() ![]() Using the currency strength indicator on TradingView in multiple timeframes is an excellent way to see whether a currency is rising or falling across several timeframes, adding a further dimension to your analysis, and allowing you to quantify the risk on any trade in a more detailed way. The overbought and oversold regions on the indicator are defined by the solid grey lines at 20 and 80, and once these regions are approached then this is a signal for further analysis on the chart. These are the points at which a currency is likely to reverse and change trend. Currencies and currency pairs move constantly from one to the other in all timeframes. The Quantum Currency Strength Indicator has been designed to show you easily and quickly when a currency is moving strongly in one direction or another, either to an oversold state, or to an overbought state.
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