My main trading strategy is based on the attached 8MAmod-indicator. This gives a trading signal when the price reaches a predefined difference to 8-10 different moving-averages (they can be from different time frames). What I mean is shown on picture 8MA, the white circle puts your attention on the trading signals.
In the meantime I am a big fan of the PSA-indicator (Pair Strength Indicator) from the developer called "hanover"- I am sure you will find this indicator if you search in the internet. To illustrate what I mean I also attached picture PSA.
Now my idea is to define the strength of all currency pairs by building the sum of differences from price to some predefined moving-averages as you see by using my 8MAmod-indicator. Is there anybody of the developers in this forum who understand my thoughts and will overwork the 8MAmod-indicator in this direction ??- this would be great !!!
