Strength Candles Forex Indicator MT4
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Strength Candles Indicator – power balance between bulls and bears on all timeframes
Strength Candles Indicator is a trading tool that depicts power between bulls and bears on timeframes ranging from M1 to D1 in the form of red and green histograms, with a ratio ranging from 0% to 100%. The overall balance of forces buyers and sellers in percentage terms is presented under the label of trading instrument. This currency strength indicator does not employ indicators like RSI or moving averages in their operation, thus the information is delivered immediately.
This indicator’s signals cannot be utilized to join the market, but they can be beneficial in determining the current trend when integrated into any trend forex strategy.
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