CryptoCurrency News: Block.One Co-Founder Brock Pierce Files to Run for US President

Brock Pierce has formally filed to run for President of the United States.

via CoinDesk

CryptoCurrency News: Market Wrap: As Stocks Rally, Bitcoin Trades Above $9.3K for the First Time in 10 Days

Equities continue to beat bitcoin’s performance, but everything is making gains Monday.

via CoinDesk

CryptoCurrency News: Social Media Bans ‘Highlight the Profound Censorship on Web 2.0’

Recent moves by social media companies to outlaw certain types of content raise big questions about the future of free speech in the modern internet era.

via CoinDesk

CryptoCurrency News: Iran Gives Crypto Miners One Month to Register With the State

The government wants to "eliminate the confusion of cryptocurrency activists" with its call for mass mining registration.

via CoinDesk

CryptoCurrency News: Bitcoin’s Lightning Network Is Vulnerable to ‘Looting’: New Research Explains

Computer scientists Jona Harris and Aviv Zohar have examined the Lightning Network's "flood and loot" attack that preys on Bitcoin network congestion.

via CoinDesk

CryptoCurrency News: Bitcoin Up 27% in First Half of 2020, Beating Gold, Silver and Platinum

Bitcoin showed its luster during the first half of 2020 amid mediocre returns from precious metals.

via CoinDesk

CryptoCurrency News: China Stocks Surge and NYC Real Estate Craters: 5 Stories Shaping Markets Today

The story of the economy as told by five macroeconomic indicators including Chinese stocks, New York City real estate, coronavirus cases and more.

via CoinDesk

CryptoCurrency News: Cardano at One-Year High on Shelley Upgrade

The eighth-largest cryptocurrency by market value jumped to $0.1021 on Saturday to hit its highest price level since June 2019. It has rallied by a staggering 170% in the second quarter, according to CoinDesk data.

via CoinDesk

CryptoCurrency News: ConsenSys, R3, Tron, CipherTrace: Blockchain Startups Got $18M+ in US ‘PPP’ Bailout Loans

At least 45 crypto and blockchain startups, ranging from Bittrex to the Electric Coin Company, received U.S. Paycheck Protection Program loans, new filings show.

via CoinDesk

CryptoCurrency News: Blockchain Bites: E-Gold Claims, Arca’s New Fund and Generation Z

Arca, a Los Angeles money manager, has launched a new fund on Ethereum, E-Gold claims the government suppressed evidence in its case, and Expedia is taking bitcoin.

via CoinDesk

CryptoCurrency News: What Is Yield Farming? The Rocket Fuel of DeFi, Explained

If all these terms ("DeFi," "liquidity mining," "yield farming") are so much Greek to you, fear not. We're here to catch you up.

via CoinDesk

CryptoCurrency News: Bitcoin News Roundup for July 6, 2020

With bitcoin volatility sinking, lightning payments to your bank account and real world accountability on the blockchain, CoinDesk's Markets Daily is back for your BTC news roundup!

via CoinDesk

CryptoCurrency News: Visa Seeks Ethereum Developer for New ‘Distributed Application’

The world's largest payment network is looking for an Ethereum developer to help work on a new blockchain-based application.

via CoinDesk

CryptoCurrency News: Compound’s ‘Yield Farmers’ Briefly Turned BAT into the Largest Coin in DeFi

The digital advertising token briefly became bigger than ether in the decentralized finance space, thanks to popular lending protocol Compound.

via CoinDesk

CryptoCurrency News: Arca Labs Launches Ethereum-Based SEC-Registered Fund

After nearly 20 months of discussions, the Los Angeles money manager finally cleared a hurdle involving what appears to be the first regulated fund represented by digital shares.

via CoinDesk

CryptoCurrency News: Kraken-Owned Crypto Facilities Wins UK License to Offer Derivatives Trading

The subsidiary of cryptocurrency exchange Kraken has obtained a U.K. license allowing it to operate its derivatives platform in the EU.

via CoinDesk

CryptoCurrency News: First Mover: As Bitcoiners Watch Dollar, Deutsche Sees Trump Win Hurting Reserve Status

Add the U.S. presidential election to the growing list of volatility drivers as the bitcoin market enters the second half of 2020.

via CoinDesk

CryptoCurrency News: Bitcoin Rises in Line With Stocks After Dip Below $9K

Bitcoin’s positive correlation with stocks continues Monday, with the cryptocurrency drawing bids alongside gains in global equities.

via CoinDesk

CryptoCurrency News: Afghanistan Approves Blockchain Project to Help Tackle Scourge of Counterfeit Meds

Fantom is launching a pilot to help combat Afghanistan's counterfeit drugs problem using its blockchain to trace products along the supply chain.

via CoinDesk

CryptoCurrency News: IOHK Invests Six-Figure Sum into Crypto Asset Manager Wave Financial

Charles Hoskinson, IOHK's CEO, will become an advisor to Wave Financial as part of the deal.

via CoinDesk

CryptoCurrency News: Crypto Firm CEO Went Into Hiding After Claims 2,000 Investors Defrauded

The CEO of cryptocurrency investment firm VaultAge Solutions has forced into bankruptcy while on the run from angry investors.

via CoinDesk

[FOREX TIP] True Strength Indicator MT4 | Free Download

The Absolute Strength Indicator MT4 is a custom-built technical indicator that works somewhat similarly to the ADX indicator.

In other words, the Absolute Strength Indicator signals the absolute strength in the instrument’s trend.

When the price trends are strong, one of the lines diverges sharply, signaling that the trend is strong.

This is the main objective of the Absolute Strength Indicator… to signal and show the strength of the trend.

Absolute Strength Indicator: When to go long?

When to go long using the Absolute Strength Indicator?

The first step is in waiting for the green line to cut across the red line.

When the green line is rising, it indicates a strong uptrend.

You can consider taking a long position when you see this signal.

When to exit your long positions?

Exit the long position using the Absolute Strength Indicator as and when you see the lines intersecting again.

Alternately, you can also make use of a fixed risk to reward ratio to book your profits.

Absolute Strength Indicator: When to short?

When to go short using the Absolute Strength Indicator?

Wait for the red line to rise above the green line. This indicates that the downtrend is strong.

Take a short position in the market when you see the bearish trend rising sharply.

When to exit your short positions?

Exit the short position using the Absolute Strength Indicator as and when you see the red and green lines intersecting again, in the opposite direction.

You can also set your take profit level based on the fixed risk to reward ratio.

Where to set the stop loss?

The stop loss should be set either at the nearest low or the high prior to taking the long or short position.

Once the trade moves in your favor, you can move the stop loss to break even.

Conclusion

The Absolute Strength Indicator, as the name suggests indicates the trend strength.

This indicator can be used in a trending strategy.

However, the indicator works almost similar to the ADX indicator and doesn’t offer any new edge.

How to Increase Your Winning Ratio with the Absolute Strength Indicator MT4?

When you add the TTM Scalper Indicator and use it together with a proven trend trading system like the Elite Swing Trader or Simple Trend Trading System, you can only expect to achieve a better win ratio and better risk-reward ratio.

Recommended Time Frames

Technically speaking, you can use this MT4 indicator for all time frames.

However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly.

We recommend that you use higher time frames like the H4 or even higher for better consistency.

Click Here for Your Free Download of Absolute Strength Indicator.ex4 file

How to Install Custom Indicators on MT4 on Windows

How to Install Custom Indicators on MT4 on Mac OS

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