The Absolute Strength Indicator is an excellent tool to determine:
1.- Market Trend as well as the strength of the trend.
The Main Signal occurs when the Solid lines cross each other. Bulls over Bears signals long entries and vice versa. I consider this the most conservative entry point.
2.- Market Correction (Retracement and/or Reversal)
Correctional entry signals are my favorite. They occur when a Solid line crosses over it’s corresponding Dotted line but before the main signal crossover (see picture attached)
3.- Market Consolidation (Moving sideways).
Another important aspect is the flatness of the market displayed by the lack of dominance of either bears or bulls. This occurs when both solids are under their corresponding dotted lines regardless of overall market sentiment (i.e., Bears over Bulls). When neither of the solid lines is over its corresponding dotted line, consolidation is taking place. It is too risky to trade and perhaps best to wait for either Correctional or Main signal.
Binary Options Indicators – Download Instructions
Absolute Strengh Index v1.1 is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
Absolute Strengh Index v1.1 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install Absolute Strengh Index v1.1.mq4?
- Download Absolute Strengh Index v1.1.mq4
- Copy Absolute Strengh Index v1.1.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on Absolute Strengh Index v1.1.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator Absolute Strengh Index v1.1.mq4 is available on your Chart
How to remove Absolute Strengh Index v1.1.mq4 from your Metatrader Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
Click here below to download the Binary Options Indicators:
