In fact, correlation is so important that the latest currency strength meters are actually currency correlation matrices capable of delivering accurate and complex data. Correlation simply points out the correlation between the currencies in a pair. To put it in financial terminology, correlation gives the numerical measure of the relationship between two currencies. The correlation coefficient is always in the range of -100 to +100. A currency’s strength is the value of one money relative to another. To become a knowledgeable trader, it is important you understand the relative strength of each currency. We as traders understand that Forex charts …

Intraday data delayed at least 15 minutes or per exchange requirements. The score provides a forward-looking, one-year measure of credit risk, allowing investors to make better decisions and streamline their work ow. Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.

However, more aggressive traders use the Bill Williams Accelerator Oscillator system differently. It is similar to trading based on overbought and oversold areas in the market, known from trading systems based on the RSI indicator. This strategy is to take a position as opposed to how the indicator histogram is formed. It means that the trader decides to take a long position when the Accelerator Oscillator is below the zero line, and vice versa — when the Accelerator Oscillator is high above the zero line — a short position. To add it to your chart in Metatrader, click “Insert”, choose …