In this lesson, we move to a different market, and in this case, it’s commodities, so you can see the market strength indicator working in exactly the same way using futures.
The principles of considering three timeframes remain paramount, and in this case, David has chosen oil, gold, silver, and copper for this example. However in addition, he has also included the UUP, which is the US dollar ETF to show the inverse relationship of commodities and the US dollar, and in addition, he has also included the MSI sister indicator, which is the currency strength indicator CSI which also has the US dollar of course. So once again, an interesting combination of indicators and markets, which I hope have given you some further ideas!