CruscottoFX Indicator
The Cruscotto is the ultimate currency strength/weakness indicator. It monitors the status of the 8 major currencies (and also gold and oil) in real time using the data coming from 6 different timeframes: from as short as 15 minutes up to a month of data.
Why Use Cruscotto?
This will give you not only an overview of the currency situation, but also details on how it is performing in the short term as well.The strength/weakness score goes from -100 to 100 and is calculated using all the pairs in which the currency is involved it. So when for example you see a strong EUR and a weak USD that means that EUR is strong vs all the other currencies and vice versa for the USD. That makes a long trade on EURUSD much more interesting.
Analyzing the single currencies, Cruscotto will help you choose the best pairs to trade. Simply take the currency or currencies that are stronger and match with those that are weaker. You can easily view that the stronger ones have green histograms and weaker ones are red.
Also when the score is more or less of a limit (a sort of signal zone) the text label of the period becomes green/red accordingly. This is the signal or at least the first half. Now to be sure, you need another pair that in the same timeframe that gives the opposite signal, and you can enter a short/long trade on that pair.
Depending on the time frame, you’ll have different targets ranging from a few pips to whatever works best on the time frame you are trading. It can be that easy.
How To Trade With Cruscotto?
You can trade the Cruscotto on it’s own, or (even better) integrate it into your trading system and it’ll help you in your trading decisions.The strength and weakness of two currencies, can easily help you understand the trend of a pair.
From the long term to the short term. Remember… the trend is your friend and the best trends come when there’s divergence between two currencies, i.e. when one is strong and the other is weak.
How Does Cruscotto Work?
The Cruscotto algorithm works by analyzing price only. It doesn’t use any other indicator like moving averages, RSI; etc. So all the signals are in real time and not lagging as is the case with similar indicators.You’ll also get to notice how currencies are correlated. You’ll get to notice what it means to have a strong Yen, strong US Dollar or a strong Euro.
You’ll be able to pick up interesting intermarket correlations with having Gold and Oil displayed, which can assist you in “predicting” the market.
Cruscotto Is An All In One Indicator!
Well, it is one indicator, but it comes in three different layouts: Horizontal, Vertical and Squared, to fit your setup and your screen resolution.
What You Get
- The “CruscottoFX” indicator in 3 layouts: squared, vertical, horizontal
- 3 templates for each layout, that will help you setup the indicator in a snap
No comments:
Post a Comment