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Understanding the Power of AUD with the Average Indicator.
Version 229.201
This latest version of the indicator provides insights into the relative strength of the AUD, helping traders make informed decisions.
The zero line (0.0) represents the average based on your selected period, defined by the AveragePeriod variable.
The indicator computes values based on the closing prices of seven currency pairs that include the AUD.
We've added a colored histogram to make interpreting market conditions much simpler.
Now, you have two modes to choose from:
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TREND
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COUNTER-TREND
If you see the same color for both BASE and QUOTE currencies in equal mode, it indicates a greater opportunity to trade in the right direction.
Example 1: BUY:
EUR/USD.
If you select the TREND mode for Power of EUR with Average and Power of USD with Average.,
and both indicators show a GREEN signal, it’s time to BUY the EUR/USD pair.
Example 2: SELL:
EUR/USD.
In the TREND mode for Power of EUR with Average and Power of USD with Average.,
if both indicators display a RED signal, be ready to SELL the EUR/USD pair.
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