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Hawkeye Traders :: TradeStation ChartTools :: Hawkeye Fatman

Hawkeye Fatman

The Hawkeye Fatman is an excellent indicator for forex traders to keep them from out of trades that go nowhere. The Fatman displays the strength (or weakness) of a currency when compared to 16 other currencies. The indicator on the left shows each currency as a line, which has the Hawkeye Trend built-in (ie USD cyan). The Fatman shows when a currency is strong (upward movement) or weak (downward movement) or not moving (sideways). To enter a trade with Fatman, look for the currencies that are moving against each other, ie one is moving up and the other is moving down then simply wait for confirmation by the other Hawkeye indicators to enter.

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