CCFp IndicatorCCFp Indicator

CCFp IndicatorCCFp Indicator

The CCFp indicator displays the strengths and weaknesses of a financial trading asset.

The CCFp indicator for MetaTrader 5 analyzes the strengths and weaknesses of currency pairs and displays them in a separate window. The indicator, in fact, is an advanced currency strength meter that will help you easily predict the possible trend direction of a financial trading asset.

Also, to use this indicator, you must understand that when the base currency is stronger than the quote currency, the market is likely to move higher.

Conversely, when the base currency is weaker than the quote currency, the trend is likely to shift to the downside. For example, on the EURGBP currency pair, a stronger euro is likely to make the (EURGBP) trend bullish.

The indicator has been tested and works great. Please wait about 1 minute after installation for the data to be displayed.

How to Use The CCFp Indicator

The image above shows the currency strength analysis of the CCFp indicator. The indicator is very easy to interpret. Each highlighted line represents the strength of the indicated currency pair. So, when the line rises or falls, it simply means that the currency pair has become stronger or weaker. For example, the image shows that the euro line is currently above the US dollar line, which means that the euro is stronger, hence the bullish move.

Conclusion
The CCFp indicator for MT5 will help you make a better trading decision as it shows you how a financial asset is currently performing in terms of strength and weakness. In addition, the indicator can be downloaded for free.