Learn how to cancel Forex Currency Strength Index subscription on iPhone, Android, Paypal or directly.
Table of Contents:
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Alternative method via AppStore:
1. Say CAD has decreased 6%, but no currency has increased more than 5% (the threshold you set) - you get an alert saying "-/CAD", meaning no rising currency, CAD is falling.
2. This means you want an alert when a currency increases OR decreases by 2% on the 5-minute chart, relative to a point 50 5-minute periods before (that is 250 minutes).
3. Get an alert when a currency moves above the threshold for the period and sample you selected.
4. Provided the markets are open, you should get an alert very quickly, meaning a currency has moved more than 0. 2% in the last 50 minutes.
5. Alerts are handled through Google Cloud Messaging, not by polling - so an M1 alert will not be battery heavy, as it is not checking every 1 minute - the server does that.
6. For Forex traders - shows a graph of Absolute Currency Strength (Please read to understand the concepts).
7. Set an alert for M1/50/0. 2 - that is for 50 samples on the 1-minute chart, at a threshold of 0. 2.
8. Click on 'Alarm Clock' icon, click the plus sign, see a dialog to add an alert.
9. So, if USD has increased by 3. 5%, and NZD has decreased by 2. 1%, you get an alert saying "USD/NZD".
10. Same thing when a currency becomes weak, and moves below the threshold.
11. Forex trading is risky, and this is just a tool to help you pick entry points as part of an overall trading strategy.
12. Set a period (eg M1, M15, D1 etc), a sample (steps of 10), and threshold in %.
13. You set an alert for M5/50/2. 0.