The Franklin Strength Gauge (FSG) — Forex and Forex Futures trading indicator — uses a blend of conventional indicators such as the RSI and Moving Averages which we have modified into proprietary formulas based for use in trading the Forex and Forex Futures market. The end result is a leading directional strength trading indicator that incorporates various early Buy and Sell signals along with a histogram to provide traders with a trend bias based on traditional insight methods.
Benefits of Trading with the Franklin Strength Gauge indicator
The Franklin Strength Gauge is designed to help traders position themselves into trades faster, stay in them longer and exit earlier. The Franklin Strength Gauge helps provide traders with that desired median of trading precision without too many false entries/exits or too many lagging entries/exits. It is important to note that the Franklin Strength Gauge was originally designed to work in conjunction with the Franklin Volatility Index (FVX) when implementing the unilateral pair trading parameter found in the FVX. In addition to this the FSG can help traders with certain Franklin Magnitude Gauge (FMG) price action divergence strategies. It can be used as a standalone or with other trading indicators at the traders own discretion and judgment.