Strength Indicator

[adtrade]

Hi,

Just wondering was there an indicator that gives a rough idea how much strength is left in a currency i.e If there is a break, what is a good indicator to highlight that it has run out of steam?

Thank you.

[cadarkitek]

Originally Posted by adtrade

Hi,

Just wondering was there an indicator that gives a rough idea how much strength is left in a currency i.e If there is a break, what is a good indicator to highlight that it has run out of steam?

Thank you.

Check RSI (relative strength index)

[jackt]

I asked similar question before. Didn't get a good answer. Most said take your chances and do money management.

Now I use big Stoch(s) to tell the trend or strength ... when they point in one direction.