Currency Strength Indicator?

[balikforex]

Hi,

I've read the book of Anna Coulling, and saw that she uses some type of currency strength indicator. It seems to be a reliable way to watch market for possible breakouts. I found two in my research;

1) Apollo Currency Strength Meter

2) Quantum Currency Strength Meter

I would appreciate any insights regarding to reliability of these products or any other alternatives.

Thanks.

 

[Pharaoh]

I've never really sat down and played with currency strength meters, but I did read an interesting strategy once.

From the majors, pick the 2nd strongest currency and go long against the second weakest. I guess the logic if this is the currencies in 1st place might be overbought/oversold and you would be more likely to get caught in a pullback or even a reversal than you would with the currencies in second place.