Forex Long-Term Trends is a listing of the strongest Forex contracts, ranked by Weighted Alpha over the past 1 year. Forex Momentum is initially displayed using the Chart View, which graphs Bullish Momentum as green bars (highest Weighted Alpha), followed by Bearish Momentum as red bars (lowest Weighted Alpha) and shows the top/bottom 30 crossrates. Hover over any of the green or red bars to view the Last, Change, High, Low prices, plus last trade time.
Hint: Use the Main View to see the top and bottom ten specific forex contracts that appear on the Chart View, along with their Weighted Alpha.
The Forex Long-Term Trends page is re-ranked every 10 minutes. During active trading, you will see new price information on the page, as indicated by a "flash" on the fields with new data. Please note that prices on the Chart View are static, and not updated as you see on the other views. Forex prices are delayed 10 minutes, per exchange rules, and trade times are listed in CST.
Barchart's "Weighted Alpha" indicator allows traders to quickly spot commodities that have shown a strong rally over the past 1 year and which may continue to rally.
Alpha is a measure of how much a contract has risen or fallen over a 1-year period. Barchart.com takes this Alpha (i.e., the measure of how much a contract has changed in the 1-year period) and weights this, assigning more weight to recent activity, and less (0.5 factor) to activity at the beginning of the period. Thus the weighted alpha is a measure of 1-year growth with an emphasis on the most recent price activity.
A Forex contract whose price has risen over the 1-year period will have a positive Weighted Alpha. A Forex contract whose price has not changed in the period will have a small Weighted Alpha and a Forex contract whose price has dropped over the period will have a negative Weighted Alpha.
The Weighted Alpha is limited in the amount it may change from one day to the next, thus eliminating large price jumps from the calculation.