Currency Slope Strength Indicator
The Currency Slope Strength Indicator (CSSI) is a technical analysis tool used to identify the strength and direction of currency pairs based on their price slope. Traders typically look for buy signals when the CSSI is above a certain threshold, indicating a strong upward trend, while sell signals are generated when the indicator falls below a specific level, suggesting a bearish trend. Additionally, divergences between the CSSI and price movements can also signal potential reversals, allowing traders to position themselves accordingly. As with any indicator, it's important to combine CSSI signals with other analytical tools and confirmatory signals to enhance trading decisions.
