Hi all,
Is there any indicator that highlights that one currency pair has the potential for a big move compared to another and if so how should it be read? i.e if I am watching a number of and they aren`t moving very much can any indicator give me a heads up that they are getting near to a larger move.
Thanks a lot.
The only indicator i can think of would be the ADX DMI indicator. This is more of a trending indicator that can tell you the strength of a currencies trend. Just google it and you’ll understand how it works.
BEWARE: this indicator Lags. There is no volume in the spot retail forex but there is volume in the CME futures currency market.
hope this helps