The “PotenzaFX” set (“potenza” means “power” in Italian) is made out of 4 indicators:
Here’s a brief description for each of them.
The “Powerlines” shows you 8 lines, one for each of the 8 major currencies: Australian Dollar, Canadian Dollar, Swiss Franc, Euro, British Pound, Japanese Yen, New Zeland Dollar and US Dollar. Each line give you the “power” score with values oscillating from +100 (strong)to -100 (weak).
The Powerlines indicator can be used in two ways: one showing the two currencies of the chart it is applied to:
and one showing the score for all the 8 major currencies (or a selected sub group of them).
The “Correlations” one shows you the correlation value between two single currencies. Filtering the entry signals with the correlation value dramatically improves the performance of your trading.
The “Dynamic Lot Sizing” one, is a powerful indicator for money management that will help you scale in and scale out the size of your trades based on the spread between currencies power scores.
The “PotenzaOnChart” indicator displays an information very much alike the DLS, however this indicator is drawn in the main chart, so it can provide BUY/SELL signal directly on the main chart.
These 4 indicators together form an incredibly powerful trading system by itself, but you can also use side by side with your preferred trading systems and style.
One of the greatest things about “PotenzaFX” is that it works flawlessly on any timeframe.
Here are a few examples of how to use the PotenzaFX indicators set to do a multicurrency/multitimeframe analysis.
The following is a setup showing one pair analysis (EURUSD in particular) over all the 9 timeframes:
The following is a setup showing the 8 major pairs analysis (global view) over all the 9 timeframes:
And here is a setup showing the analysis made on 26 single pairs (and 1 chart with global view) for one timeframe:
It doesn’t matter if you’re a scalper or a long term trader. Using the PotenzaFX indicators set will let you read the market like no other indicator before, knowing the “what, when and how much” of your trading.
All the user of the PotenzaFX indicators can became part of the PotenzaFX Users Group for free. That means that you’ll automatically receive any update for free.
I’ll be also sending “tips & tricks” emails/articles/videos to use it at best as well as automatic email notification of new posts in the blog.
We are also preparing a dedicated forum that will grow as we’ll be releasing new indicators and EAs week by week.
By buying one or more PotenzaFX indicators you get: