Bias Detector
👉 OVERVIEW
Enhance Your Forex Analysis with Our Advanced Directional Dashboard
"While 'the trend is your friend' is a common mantra, statistically, the forex market actually ranges approximately 70-80% of the time."
You've likely heard the advice to focus on trading only a few select pairs, but have you ever questioned if this approach is truly effective?
Considering that the market spends about 70-80% of its time ranging rather than trending, focusing on the same a limited number of pairs could result in trading between two equally strong or weak currencies.
Even when it appears the market is on a trend, without a method to identify the strongest and the weakest currencies, you're potentially missing out on trends that persist for months.
Every effective strategy should encompass five main components: currency filter, directional bias, area of interest, entry trigger and risk management.
Each of my indicators is crafted to streamline this process, with this dashboard focusing on the crucial first step: currency filtering.
⁉️WHY OPT FOR OUR ADVANCED BIAS DETECTOR ⁉️
- Overcomes the DXY's limitations by offering a balanced view of the dollar's true strength against other pairs, correcting the DXY's disproportionate weighting.
- Assesses the strength or weakness of major currency pairs using an equally balanced weighting
- Identifies real trends by utilising a unique approach across 28 currency pairs, enhancing trend detection and minimising exposure to ranging markets.
- Designed for ease of use, this dashboard simplifies complex market analysis, providing straightforward indicators of currency strength or weakness.
- Filters out market noise avoiding misleading market structure signals.
- Includes two key conditional factors for a comprehensive understanding of the current market momentum.