The Currency Strength Index shows how major currencies perform forex tick value each other in real-time. You can see at a glance which currency is on the rise and which one is declining, thus giving you valuable information about buying and selling pressure. To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader. The Currency Strength Index is calculated in real-time, on every tick.
The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs. However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder. The entry and exit rules are shown below.
Each price increment a commodity future moves, called a tick, is worth a specific amount of dollars. Each financial market has a minimum price fluctuation, called a tick. A tick is the smallest price movement an asset can make–called the tick size–and each tick of movement is worth a specific amount of money depending on the asset being traded. This is called the tick value. 00005, which means the price will move in 0. 25, so it will move up or down in 0. To see the tick value of the specific futures contract you want to trade, find the contract on the CME Group website, click on the appropriate contract, and then click on the Contract Specs tab.