If there is only one TradingView indicator you ever buy for trading forex – this has to be it.
Your success as a forex trader depends on being able to identify when a currency or currency pair is oversold or overbought. If it is strong or weak. It is this concept which lies at the heart of forex trading. Without the Quantum Currency Strength indicator, it’s almost impossible. There are simply too many currencies and too many pairs to do this quickly and easily yourself. You need help. The Quantum Currency Strenght indicator breaks this complex market down into the building blocks, the currencies themselves, from which you can then identify quickly, clearly and easily those pairs offering the best opportunities, which to ignore for the time being, and which to add to your watchlist. It’s your radar on the currency market.
The Quantum Currency Strength indicator has been designed with one simple objective in mind. To give you a bird’s eye view of the eight major currencies. To show you in a simple, quick and easy way, when a currency is either oversold or overbought, rising or falling strongly, or just going nowhere.
To help you, the indicator defines the overbought and oversold regions for you, with a simple horizontal line. One near the top at 80, and the other near the bottom at 20. When a currency reaches the upper grey line, it’s approaching an overbought state, and when a currency touches the lower grey line, conversely it’s approaching an oversold state.
It is at these points a trend is likely to reverse, offering you low-risk trading opportunities. Something you could never do quickly or easily yourself.
It displays the eight currencies individually, giving you endless combinations of trading opportunities from scalping to swing and trend trading in all the various currency pairs and in every timeframe.
US dollar – red
Euro – orange
British pound – yellow
Swiss franc – green
Japanese yen – magenta
Canadian dollar – purple
Australian dollar – blue
New Zealand dollar – white
Whilst this concept is simple, its use is sophisticated, and one which you can apply in a variety of ways. In fact four very different, but equally powerful ways, all of which will help you make money, confidently and without emotion:
First – the indicator tells you when an individual currency is overbought or oversold. Strong or weak. Unlike some assets, currencies never go to zero. It is when they reach these extreme points, that currencies offer the lowest risk trading opportunities. These are the regions at which a currency is likely to reverse from a previous trend, giving you the potential to get into a low-risk trading position early.
Second – the indicator will also tell you when it’s time to exit. After all, if it’s good enough to get you in, it’s good enough to get you out as well.
Third – when the currencies are all bunched together in the middle of the indicator – guess what. It’s time to sit on the sidelines and wait.
Finally, take your trading to another level using multiple timeframes. After all, if a currency is moving higher, or lower, across three timeframes, then even more reason to take a low-risk trade, so using the indicator in multiple timeframes is key.
And if this wasn’t enough. There is even more!
You can configure the indicator to your own personal trading style. Think of it like the volume control on your radio. You adjust it to your own personal preference. Well it’s the same here. If you are a scalping trader, simply adjust one of the indicator settings to speed up the indicator. If you are a swing or trend trader, tweak the controls to slow it down a little – the choice is yours. More control means one thing – more consistency and greater profits.
After all, why buy an indicator that you cannot match to your trading style? It would be like buying a radio with no volume control.
That’s why we call them the next generation of trading indicators for TradingView.
The Quantum Currency Strength indicator works in all timeframes from seconds and ticks to minutes and months, and the colour of each currency line on the indicator can be changed to your own personal preferences.
Release Notes
⋅
Updated the accompanying chart
Release Notes
⋅
Updated accompanying chart
Release Notes
⋅
Updated for PineScript version 4 Added alert conditions Added new user input options
Hi, im interested in seeing what this can do for my trading. PLease could you grant me permission to use it
UnknownUnicorn1068364
⋅
Once I upgraded to Premium I got this indicator for a while, but today it was locked.... Was there a trial period or something? I need to use this indicator again... How do I get access back? thanks.
Kierano
⋅
hi ,Kieran here, can you please let me know how to access this indicator, Thank you
Luigi-T-Art
⋅
Hello what is the base calculation for the indicator it looks like it derives from the RSI strength,
aplhowarth
⋅
What hours does this indicator use in its calculation? The free indicators on TV only seem to include London-New York. I trade Tokyo-London so those are useless to me
hristo17
⋅
Hi, Do you offer a trial period for this indicator?
QuantumTradingSoftware
⋅
Hi @hristo17, Many thanks for your interest in our indicator. While we do not offer free trials, we do have a full 7-day money back guarantee with all our products, so if the indicator does not fit in with your trading strategy, all you need to do is let us know within the 7 days, and we then refund by return. This is a no quibble guarantee and something we offer all our customers. You can start using the Quantum CSI in your TradingView account shortly after you complete your order. Here's the link to our official online shop: