Tutorial 37

Forex Board

This tutorial will cover how to monitor 28 Forex pairs in a single screen from the Forex Board.

 

 

 


Add the 'Forex Board' to your chart.
(Select the 'Background' color 'Dark Roast' to see well all the color variations in the board.)


The 'Forex Board' displays all of the 28 major/minor Forex pairs.

Each pair is clearly displayed as going up (in blue) or down (in red).

Our Preferred Strategy:

Look at the color once a day on a daily chart. At the end of the daily bar (NewYork session end), we verify if the color is still the same as the previous day. If the same, the trade remains open. If different, we close and open in opposite direction since the trend turned. Takes minutes to monitor 28 pairs.



Let's cover the main settings.


The default 'Color' mode is 'Intensity'. This shows the trend intensity of each pair.


Or use the 'Plain' color mode:



Different filters are available.



Check the box 'Strong/Weak' to increase probabilities.

For each currency PAIR, this filter shows when one currency is gaining value (the strong) while the counter currency is losing value (the weak).


Reminder - As explained in the 'Compare Forex' tutorial:

There are moments where:
• Both currencies of a pair are gaining value. (Even though one currency is gaining more value than the other.)
• Both currencies of a pair are losing value. (Even though one currency is losing more value than the other.)
Those pairs then tend to go sideways and to go through many pullbacks.

For solid, longer, safer, easier, more powerful and steeper trends, there are moments where:
• One currency is gaining value (the strong) + the counter currency is losing value (the weak). This is ideal.
This 'Strong/Weak' filter shows these moments where both currencies of the pair are going in opposite directions (one currency is trending up + the counter currency is trending down).


Or check the box 'Flat Filter'.

This filters out the portions where the market is flat.


Or Check the box 'Trending'.

This filter keeps only the portions where the market is trending.


Or use all or a combination of the filters.

Here's 'Strong/Weak' + 'Flat' + 'Trending':








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Introduction

Tutorial 1:
TradingView username

Tutorial 2:
TradingView overview.

Tutorial 3:
Chart Set-up and Layout tutorial.

Tutorial 4:
Adding the trading template and indicators tutorial.

Tutorial 5:
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Tutorial 6:
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Tutorial 11:
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Tutorial 12:
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Tutorial 13:
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Tutorial 14:
Steepness tutorial.

Tutorial 15:
Phase tutorial.

Tutorial 16:
Intensity tutorial.

Tutorial 17:
Template Alerts tutorial.

Tutorial 18:
Several indicators acting together tutorial.

Tutorial 19:
Tops and Bottoms indicator tutorial.

Tutorial 20:
Angle indicator tutorial.

Tutorial 21:
Bear & Bull Powers indicator tutorial.

Tutorial 22:
Histogram indicator tutorial.

Tutorial 23:
Strength indicator tutorial.

Tutorial 24:
Volatility indicator tutorial.

Tutorial 25:
Trends tutorial.

Tutorial 26:
Technicals indicator tutorial.

Tutorial 27:
Energy indicator tutorial.

Tutorial 28:
Chain indicator tutorial.

Tutorial 29:
Trading tutorial.

Tutorial 30:
Probability tutorial.

Tutorial 31:
Odds tutorial.

Tutorial 32:
Performance tutorial.

Tutorial 33:
Volume tutorial.

Tutorial 34:
Multi Time Frame tutorial.

Tutorial 35:
Multi Renko tutorial.

Tutorial 36:
Compare Forex tutorial.


Tutorial 37:
Forex Board tutorial.

Tutorial 38:
Forex Strategy tutorial.

Tutorial 39:
Currencies tutorial.

Tutorial 40:
Compare Crypto tutorial.

Tutorial 41:
Crypto Board tutorial.

Tutorial 42:
Crypto Strategy tutorial.

Tutorial 43:
Compare Stocks tutorial.

Tutorial 44:
Stocks Board tutorial.

Tutorial 45:
Trend lines drawing tutorial.

Tutorial 46:
Renko chart tutorial.

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