OPEN-SOURCE SCRIPT
Indicator: Krivo Index [Forex]

Krivo index, suggested by Richard Krivo, tries to quantify the "strength" of a currency by checking how many of its pairs are trading strongly (close above 200sma). As you can see from the chart, KI gives an excellent overview of their strength. Note how it correctly points out the JPY crash (Nov 2012).
I decided to implement KI for each currency separately to be compliant with Pine requirements. Also, this enables to add only the needed currency KI scripts (for ex., just CAD_KI and USD_KI). You can add the needed currency KI scripts and merge them all together to form a chart like this. Make sure you "right click" on all and select "Scale Right" (or "Scale Left". Thing to note is all KIs shd be aligned to the same scale).
I have published KI for only 5 currencies now, but can add more on request. BTW, this index is usable on all time frames.
More info on KrivoIndex:
-----------------------------
dailyfx.com/forex/education/trading_tips/post_of_the_day/2011/06/15/How_to_Create_a_Trading_Edge_Know_the_Strong_and_the_Weak_Currencies.html
JPY crashing:
-----------------------------
webcache.googleusercontent.com/search?q=cache:Q4NcRl6oSgQJ:www.madhedgefundtrader.com/surprise-japanese-election-sends-yen-crashing/+&cd=4&hl=en&ct=clnk&gl=us
Euro Slump:
-----------------------------
bloomberg.com/news/2014-05-22/euro-set-for-3-week-slide-before-german-sentiment-eu-elections.html
Please see the comment below for the complete list of currency pairs I used for deriving these indexes.
I decided to implement KI for each currency separately to be compliant with Pine requirements. Also, this enables to add only the needed currency KI scripts (for ex., just CAD_KI and USD_KI). You can add the needed currency KI scripts and merge them all together to form a chart like this. Make sure you "right click" on all and select "Scale Right" (or "Scale Left". Thing to note is all KIs shd be aligned to the same scale).
I have published KI for only 5 currencies now, but can add more on request. BTW, this index is usable on all time frames.
More info on KrivoIndex:
-----------------------------
dailyfx.com/forex/education/trading_tips/post_of_the_day/2011/06/15/How_to_Create_a_Trading_Edge_Know_the_Strong_and_the_Weak_Currencies.html
JPY crashing:
-----------------------------
webcache.googleusercontent.com/search?q=cache:Q4NcRl6oSgQJ:www.madhedgefundtrader.com/surprise-japanese-election-sends-yen-crashing/+&cd=4&hl=en&ct=clnk&gl=us
Euro Slump:
-----------------------------
bloomberg.com/news/2014-05-22/euro-set-for-3-week-slide-before-german-sentiment-eu-elections.html
Please see the comment below for the complete list of currency pairs I used for deriving these indexes.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Script open-source
In pieno spirito TradingView, il creatore di questo script lo ha reso open-source, in modo che i trader possano esaminarlo e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricorda che la ripubblicazione del codice è soggetta al nostro Regolamento.
List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970
List of my indicators at Appstore: blog.tradingview.com/?p=970
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.