Buy Sell Dashboard - Daily Timeframe [This is the Daily Timeframe on the Buy Sell Ultimate]

WARNING: THIS DASHBOARD IS A GUIDE. INVEST YOUR MONEY AT YOUR OWN RISK

Reason For Patreon



You can watch the accompanying video @ on how to use this

If this dashboard is helpful to you and you are profiting from it, help support the stream so I can add more symbols and more strategies and upgrade my hardware. Note: Sometimes the quotes can become dirty from time to time and there is nothing I can do about it. Also, the quotes powering this dashboard are realtime but are an average from multiple sources.

Buy Sell Forex Dashboard

CAUTION: USE AT YOUR OWN RISK. ALWAYS WATCH THE DASHBOARD AND STUDY WHAT IS HAPPENING

This dashboard takes real-time data from the 8 major Forex pairs based on Daily performance. Use this dashboard to compare to the currency strength across all timeframes, especially the Daily timeframe. I know the FOREX prices are random, they are an average from a base price. They are still real prices, in realtime. I just threw in a random variable to protect my dashboard not to mess anyone up.

This is NOT financial or trading advice.

The Indicators used are as follows:

The 10-Day Simple Moving Average

Moving Average Convergence Divergence: 8-Day Fast Moving Average, 17-Day Slow Moving Average, 9-Day Moving Average to calculate our MACD

The 14-Day Relative Volatility Index

The Rules:

Price above 10-Day SMA = BUY
Price below 10-Day SMA = SELL

MACD greater than ZERO = BUY
MACD less than ZERO = SELL

RVI greater than 50 = BUY
RVI less than 50 = SELL

DISCLAIMER ABOUT RVI: This applies to all indicators but RVI can be treated like RSI. RSI if you are familiar with it has 80/20 levels. Above 80 = overbought = sell. Above 20 = oversold = buy. We just used the traditional 50 as a indication for buy and sell. Adjust accordingly.


Usually if TWO out of three are either buy or sell it is a good indication that the trade can be made. Use this in addition to the currency strength dashboard, especially the Daily timeframe. If the currency/currencies are WEAK or STRONG (meaning at least 6 or more pairs) and SMA, MACD, and/or RVI are BUY or SELL, that is a really good indication again that the trade can be made.

Example

EURCHF - S
EURGBP - S
EURJPY - S
EURNZD - S
EURUSD - S
EURAUD - S
EURCAD - W

EURCHF - SMA:BUY - MACD:BUY - RVI:BUY
EURGBP - SMA:SELL - MACD:BUY - RVI:BUY
EURJPY - SMA:BUY - MACD:BUY - RVI:BUY
EURNZD - SMA:BUY - MACD:SELL - RVI:BUY
EURUSD - SMA:BUY - MACD:BUY - RVI:BUY
EURAUD - SMA:BUY - MACD:BUY - RVI:BUY
EURCAD - SMA:SELL - MACD:BUY - RVI:SELL

Currency Strength for EUR is greater than 5 pairs, in this case 6. STRONG CURRENCY.
EURCHF, EURJPY, EURUSD, EURAUD. ALL BUYS according to the indicators. STRONG indication that these pairs are good to go.

EURGBP and EURNZD are also good to go because we have a STRONG EUR and TWO out of THREE indicators are buys. Again, use your own judgement and your own system that you use to confirm entry and exits.

Remember to always be on the look out for the STRONGEST and WEAKEST pair and check the indicators to see where the action is that day. Remember this is not market advice, just an example and the markets can be unpredictable.

Ultimate]