The Franklin Magnitude Gauge (FMG) — Forex and Forex Futures trading indicator — is a proprietary trading indicator designed to measure price action between highly positive or negative correlated financial instruments. The result of this Algorithmic Model is a leading indicator that attempts to trigger highly probable buy and sell points across changing market conditions.
Benefits of Trading with the Franklin Magnitude Gauge indicator
The Franklin Magnitude Gauge (FMX) is similar in quantitative nature to the Franklin Volatility Index (FVX) but focuses more on immediate/leading price action divergence oppose to direct statistical divergence. This trading indicator will have the tendency to generate several preliminary signals that you can have filtered out within the parameter side but it is important to understand that is part of the underlying model to strategically generate a leading signal of possible directional change quickly.