How to best use currency strength oscillator?

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Yessenia Castillo
Answered 6 months ago
<p id="isPasted">Curved lines represent the movements of currency pairs:</p><ul style="box-sizing: border-box; margin: 0px; padding: 0px; position: relative; color: rgb(128, 128, 128); font-family: &quot;Open Sans&quot;, sans-serif; font-size: 14px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;"><li style="box-sizing: border-box; list-style: none; font-size: 16px; padding: 5px 0px 5px 32px; position: relative;"><p>The higher the line, the stronger the currency growth;</p></li><li style="box-sizing: border-box; list-style: none; font-size: 16px; padding: 5px 0px 5px 32px; position: relative;"><p>The lower the line, the stronger the currency fall.</p></li></ul><p style="box-sizing: border-box; margin: 0px 0px 10px; color: rgb(119, 119, 119); font-family: &quot;Open Sans&quot;, sans-serif; line-height: 22px; font-size: 16px !important; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; background-color: rgb(255, 255, 255); text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;" class="forexqa-img-container"><img alt="LiteFinance: How does the Forex Currency Strength Meter Work?" height="551" src="https://prod-forexqna.s3.amazonaws.com/uploads/froala_editor/images/1739423229535.png" width="1000" style="box-sizing: border-box; max-width: 100%; border: 0px; height: auto; width: 730px;" class="fr-fic fr-dii fr-draggable forexqa-img"></p><p>EURJPY, M15 timeframe</p><p>The EUR line (blue) is high, which means the euro is strong. The JPY line (yellow) is low, which means the yen is weak. The EURJPY is rising.</p><p>According to the indicator author’s idea, if the curved line is in the channel between two horizontal lines, the price impulse is not strong enough to trade.</p><p>Note that a change in the direction of the indicator line does not primarily mean a …</p>