Currency StrengthThis innovative Currency Strength Indicator is a powerful tool for forex traders, offering a comprehensive and visually intuitive way to analyze the relative strength of multiple currencies simultaneously. Here's what makes this indicator stand out:
Extensive Currency Coverage
One of the most striking features of this indicator is its extensive coverage of currencies. While many similar tools focus on just the major currencies, this indicator includes:
Major currencies: USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD
Additional currencies: CNY, HKD, KRW, MXN, INR, RUB, SGD, TRY, BRL, ZAR, THB
This wide range allows traders to gain insights into a broader spectrum of the forex market, including emerging markets and less commonly traded currencies.
Unique Visual Presentation
The indicator boasts a clear and user-friendly interface:
Each currency is represented by a distinct colored line for easy identification
A legend is prominently displayed at the top of the chart, using color-coded labels for quick reference
Users can customize which currencies to display, allowing for a tailored analysis
This clean, organized presentation enables traders to quickly grasp the relative strengths of different currencies at a glance.
Robust Measurement Methodology
The indicator employs the True Strength Index (TSI) to calculate currency strength, which provides several advantages:
TSI is a momentum oscillator that shows both trend direction and overbought/oversold conditions
It uses two smoothing periods (fast and slow), which helps filter out market noise and provides more reliable signals
The indicator calculates TSI for each currency index (e.g., DXY for USD, EXY for EUR), ensuring a comprehensive strength measurement
By using TSI, this indicator offers a more nuanced and accurate representation of currency strength compared to simpler moving average-based indicators.
Customization and Flexibility
Traders can fine-tune the indicator to suit their needs:
Adjustable TSI parameters (fast and slow periods)
Ability to show/hide specific currencies
Customizable color scheme for each currency line
Practical Applications
This Currency Strength Indicator can be used for various trading strategies:
Identifying potential trend reversals when a currency reaches extreme overbought or oversold levels
Spotting divergences between currency pairs
Confirming trends across multiple timeframes
Enhancing multi-pair trading strategies
By providing a clear, comprehensive, and customizable view of currency strength across a wide range of currencies, this indicator equips traders with valuable insights for making informed trading decisions in the complex world of forex.
Currency
Risk Matrix [QuantraSystems]Risk Matrix
The Risk Matrix is a sophisticated tool that aggregates a variety of fundamental inputs, primarily external (non-crypto) market data is used to assess investor risk appetite. By combining external macroeconomic factors and proxies for liquidity data with specific signals from the cryptomarket - the Risk Matrix provides a holistic view of market risk conditions. These insights are designed to help traders and investors make informed decisions on when to adopt a risk-on or risk-off approach.
Core Concept
The Risk Matrix functions as a dynamic risk assessment tool that integrates both fundamental and technical market indicators to generate an aggregated Z-score. This score helps traders to identify where the market is in a risk-off or risk-on state, The system provides both binary risk signals and a more nuanced “risk seasonality” mode for deeper analysis.
Key Features
Global Liquidity Aggregate - The Liquidity score is a custom measure of global liquidity, built by combining a variety of traditional financial metrics. These include data from central bank balance sheets, reverse repo operations and credit availability. This data is sourced from organizations such as the U.S. Federal Reserve, the European Central Bank, and the People’s Bank of China. The purpose of this aggregate is to gauge how much liquidity is available in the global financial system - which often correlates with risk sentiment. Rising liquidity tends to boost risk-on appetite, while liquidity contractions signal increased caution (risk-off) in the markets. The data sources used in this global liquidity aggregate include:
- U.S. Commercial Bank Credit data
- Federal Reserve balance sheet and reverse repo operations
- Liquidity from major central banks including the Fed, Bank of Japan, ECB, and PBoC
- Asset performance from major global financial indices such as the S&P 500, TLT, DXY (U.S. Dollar Index), MOVE (bond market volatility), and commodities like gold and oil.
Other key Z-scores (measured individually) - The Risk Matrix also incorporates other major Z-scores that represent different facets of the financial markets:
- Collateral Risk - A measure of US bond volatility, where higher values indicate higher interest rate risk - leading to potential market instability and cautious market behaviors.
- Stablecoin Dominance - The dominance of stablecoins in the crypto markets - which can signal risk aversion the total capital allocated to stables increases relative to other cryptocurrencies.
- US Currency Strength - The U.S. Dollar Index Z-score reflects currency market strength, with higher values typically indicating risk aversion as investors sell more volatile assets and flock to the dollar.
- Trans-pacific Monetary Bias - Signals capital flow and monetary trends that link between the East and West, heavily influencing global risk sentiment.
- Total - A measure of the total cryptocurrency market cap, signaling broader risk sentiment with the crypto market.
Neural Network Synthesis - The NNSYNTH component adds a machine learning inspired layer to the Risk Matrix. This custom indicator synthesizes inputs from various technical indicators (such as RSI, MACD, Bollinger Bands, and others) to generate a composite signal that reflects the health of the cryptomarket. While highly complex in its design, the NNSYNTH ultimately helps detect market shifts early by synthesizing multiple signals into one cohesive output. This score is particularly useful for gauging momentum and identifying potential turning points in market trends. Because the NNSYNTH is a closed source indicator, and it is included here, the Risk Matrix by extension is a closed source indicator.
How it Works
Z-score Aggregation - The Risk Matrix computes a final risk score by aggregating several Z-scores from different asset classes and data sources, all of which contribute proportionally to the overall market risk assessment. Each input is equally weighted - normalization allows for direct comparisons across global liquidity trends, currency fluctuations, bond market volatility and crypto market conditions. Furthermore, this system employs multi-calibration aggregation - where each individual matrix is itself an aggregate of multiple Z-scores derived from various timeframes. This ensures that each matrix captures a distinct average across different time horizons before being combined into the overall Risk Matrix. This layered, multi timeframe approach enhances the precision and robustness of the final Z-score.
Risk-On / Risk-Off Mode - The system’s binary mode provides a clear Risk On and Off signal. This nature of this signal is determined by the behavior of the Z-score relative to the midline, or Standard Deviation Bands, depending on specific conditions:
Risk-On is signaled when the aggregated final Z-score crosses above 0. However, in extreme oversold conditions, Risk-On can trigger early if the upper standard deviation band falls below the zero line. In such cases, the Risk-On signal is triggered when the z-score crosses the upper standard deviation band - without waiting to cross the midline.
Risk-Off is signaled when the final Z-score moves below 0. Similarly, Risk-Off can also be triggered early if the lower standard deviation band rises above the midline. In this instance, Risk-Off is triggered when the Z-score crosses below the lower band.
Risk Seasonality Mode - This mode offers a more gradual transition between risk states, measuring the change in the Z-score to visualize the shifts in risk appetite over time. It's useful for traders seeking to understand broader market cycles and risk phases. The seasonality view breaks down the market into the following phases:
Risk-On - High risk appetite where risk/cyclical markets are generally bullish.
Weakening - Markets showing signs of cooling off, here the higher beta assets tend to sell off first.
Risk-Off - Investors pull back, and bearish sentiment prevails.
Recovery - Signs of bottoming out, potential for market re-entry.
Component Matrices - Each individual Z-score is visualized as part of the component matrices - scaled to a 3 Sigma range. These component matrices allow traders to view how each data source is contributing to the overall risk assessment in real time - offering transparency and granularity.
Visuals and UI
Main Risk Matrix - The aggregated Z-Score is displayed saliently in the main risk matrix. Traders and investors can quickly see what season the Risk Matrix is signaling and adjust their strategies accordingly.
Overview Table - A detailed overview table shows the current confirmed Z-scores for each component, along with values from 2, and 3 bars back. This helps traders spot trends and the rate of change (RoC) between signals, offering additional insights for shorter-term risk management.
Customizability - Users can customize the visual elements of the matrix, including color palettes, table sizes, and positions. This allows for optimal integration into any trader’s existing workspace.
Usage Summary
The Risk Matrix is an incredibly versatile tool. It is especially valuable as a means of achieving a cross-market view of risk, incorporating both crypto-specific and macroeconomic factors. Some key use cases include:
Adjusting Capital Allocation Based on Risk Seasons - Traders can use the Risk Matrix to adjust their capital allocation dynamically. During Risk-On periods, they might increase exposure to long positions, capitalizing on stronger market conditions. Conversely, during Risk-Off periods, traders could reduce or hedge long positions and potentially scale up short positions or move into safer assets.
Complementing Other Trading Systems - The Risk Matrix can work alongside other technical systems to provide context to market moves. For instance, a trend-following strategy might suggest an entry, but the Risk Matrix could be used to verify whether the broader market conditions support this trade. If the Matrix is in a Risk-Off period, a trader might opt for more conservative trade sizes or avoid the trade entirely.
This flexibility allows traders to adjust their strategies and portfolio risk dynamically, enhancing decision making based on broader market conditions - as indicated by external macroeconomic factors, liquidity, and risk sentiment.
Important Note
The Risk Matrix always uses the most up-to-date data available, ensuring analysis reflects the latest market conditions and macroeconomic inputs. In rare cases, governments or financial institutions revise past data - and the Risk Matrix will adjust accordingly. This behavior can only be seen in the Liquidity Matrix. and can affect the final score. While this is uncommon, it highlights the benefit of using a system that adapts in real-time, incorporating the most accurate and current information to enhance decision making processes.
Major Currency RSI Indicator (MCRSI)Experience the power of multi-dimensional analysis with our Multi-Currency RSI Indicator (MCRSI). This innovative tool allows traders to simultaneously track and compare the Relative Strength Index (RSI) of eight different currencies in a single chart.
The MCRSI calculates the RSI for USD (DXY), EUR (EXY), JPY (JXY), CAD (CXY), AUD (AXY), NZD (ZXY), GBP (BXY), and CHF (SXY), covering a broad range of the forex market. Each RSI line is color-coded for easy differentiation and equipped with labels at the last bar for a clutter-free view.
Our indicator is designed with user-friendly customization features. You can easily adjust the length of the RSI and the time frame according to your trading strategy. It also handles gaps in the chart data with the barmerge.gaps_on option, ensuring accurate and consistent RSI calculations.
Whether you are a novice trader seeking to understand market dynamics better or an experienced trader wanting to diversify your technical analysis, the MCRSI offers a unique perspective of the forex market. This multi-currency approach can help identify potential trading opportunities that could be missed when analyzing currencies in isolation.
Harness the power of multi-currency RSI analysis with our MCRSI Indicator. It's time to step up your trading game!
Features:
Tracks 8 different currencies simultaneously
Color-coded RSI lines for easy identification
Customizable RSI length and time frame
Handles gaps in chart data
Last bar labels for a clutter-free view
Ideal for forex traders of all experience levels
How to Use:
Add the MCRSI to your TradingView chart.
Adjust the RSI length and time frame as needed.
Monitor the RSI lines and their intersections for potential trading signals.
Happy trading!
Sector relative strength and correlation by KaschkoThis script provides a quick overview of the relative strength and correlation of the symbols in a sector by showing a line chart of the close prices on a percent scale with all symbols starting at zero at the left side of the chart. It allows a great deal of flexibility in the configuration of the sectors and symbols in it. The standard preset sectors cover the most important futures markets and their symbols.
However, up to ten sectors with up to ten symbols each can be freely configured. Each sector is defined by a single line that has the following format:
Sector name:Symbol suffix:List of comma separated symbols
For example, the first predefined sector is defined as follows.
Energies:1!:CL,HO,NG,RB
1. The name of the sector is "Energies"
2. The suffix is "1!", i.e., to each symbol in the list "1!" is appended to get the continous future for the given symbol root. When using stock, forex or other symbols, simply leave the suffix empty.
3. The list of comma separated symbols is "CL,HO,NG,RB", i.e. crude oil, heating oil, natural gas and gasoline. As the suffix is "1!", the actual symbols whose prices are shown are "CL1!","HO1!","NG1!" and "RB1!"
You can choose to use settlement-as-close and back-adjusted contracts. The sector can also be determined automatically ("Auto-select"). In this case, it is determined to which sector the symbol currently displayed in the main chart belongs and the script displays it in the context of the other symbols in the sector.
By selecting a suitable chart time frame and time range, you can quickly determine which symbols in the sector are stronger or weaker and which are more or less strongly correlated.
The following symbols are best suited for a quick trial, as the sectors are preset for these:
CL1!,ES1!,6A1!,6B1!,6c1!,6E1!,6J1!,6M1!,6N1!,6S1!,GC1!,GF1!,HE1!,HG1!,HO1!,LBR1!,LE1!,NG1!,NQ1!,PA1!,PL1!,RB1!,SI1!,YM1!,ZB1!,ZC1!,ZF1!,ZL1!,ZM1!,ZN1!,ZO1!,ZR1!,ZS1!,ZT1!,ZW1!,CC1!,CT1!,DX1!,KC1!,OJ1!,SB1!,RTY1!
You can also use the script to compare any symbols (e.g. different shares) with each other. Preferably use the "Custom" sector for this.
Currency ConverterWhat it is?
It's a Currency converter/Exchange rate Viewer.
How it works?
You put the main currency and the other currency in setting then it will show the converted rate in chart.
Currency Pair Index IndicatorHere's how it works step by step:
The indicator takes an input parameter called "length," which determines the number of bars to consider for the calculation. A higher length value will result in a smoother indicator, while a lower length value will make it more sensitive to recent price changes.
It then calculates the bullish sentiment by summing the volume multiplied by the price change (close - open) for each bar where the close price is greater than the open price. If the close price is not greater than the open price, the value for that bar is set to zero. The sum of these values is divided by the total volume for the selected bars.
Similarly, the bearish sentiment is calculated by summing the volume multiplied by the price change (open - close) for each bar where the close price is less than the open price. If the close price is not less than the open price, the value for that bar is set to zero. The sum of these values is divided by the total volume for the selected bars.
The bullish and bearish values are then plotted on the chart as separate line graphs. The bullish sentiment is represented by a green line, while the bearish sentiment is represented by a red line.
The difference between the bullish and bearish values is also plotted as a blue line. This line represents the overall sentiment of the currency pair index.
Additionally, arrow symbols are plotted below the price bars to indicate bullish or bearish signals. A green arrow is displayed when the bullish sentiment is higher than the bearish sentiment, indicating a bullish signal. A red arrow is displayed when the bearish sentiment is higher than the bullish sentiment, indicating a bearish signal.
By observing the indicator's line graphs and arrow symbols, traders can get an idea of the overall sentiment of the currency pair and identify potential bullish or bearish trading opportunities.
OverNightSession @joshuuuThis indicator highlights the Overnightsession (ONS), taught by TheCurrenyMerchant.
The Overnightsession is from 4-8 am UTC-5. This session can be used to form trades, e.g. after one side has been taken out.
It has the options to display Projection and the equilibrium level. Equilibrium level (50%) can be used to identify if price is currently in premium/discount of the range and the projections (standard deviations of the range) can be used to identify possible targets.
A classic setup he teaches is:
Price trades agressively out of the range taking liquidity. As soon as we trade above the high of the candle that took liquidity, that candle can be considered an orderblock, where the 50% level can be used for long setups.
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Currency Strength [LuxAlgo]The Currency Strength indicator displays the historical relative strength of 5 user selected currencies over a user selected period of time. Users can also display relative strength of currencies as a scatter plot, further informing on the evolution of currency strength.
🔶 SETTINGS
Display: Determines the type of data displayed by the indicator. By default, the trailing relative strength of currencies is displayed, with the other option displaying the scatter plot.
Timeframe: Timeframe period used to calculate currency relative strength.
🔹 Meter
Show Strength Meter: Displays the currency strength meter on the indicator panel.
Strength Meter Resolution: Resolution of the currency strength meter, higher resolutions allow to observe smaller difference in strength.
Location: Location of the currency strength meter on the indicator pane.
Size: Size of the currency strength meter.
🔹 Relative Strength Scatter Graph
Scatter Graph Resolution: Horizontal and vertical width of the scatter plot (in bars). Higher values allow a more precise position on the X axis.
🔶 USAGE
Measuring the relative strength of a currency allows users to assess the relative performance of a currency against a basket of other currencies.
The term "strength" can convey various interpretations depending on the indicator. Here "strength" is interpreted as an indicator of performance, with stronger currencies having greater performances over the selected period (positive changes of higher magnitude).
The Currency Strength indicator allows users to analyze the relative strength of currencies over a user selected period - the returned results will reset periodically and will accumulate afterward.
The above chart shows the hourly relative strength of various currencies on the 1min TF.
🔹 Scatter Graph
The scatter graph displays the relative strength of a currency over its value during the previous period. This not only allows users to see if a currency is strong... but also if it's getting stronger compared to the previous period.
In order to quickly interpret results, the graph is divided into four areas. A currency (displayed as a point) being in a specific area returns the following information:
Strong(Green): Currency has a positive relative strength (bullish) and is greater than its value over the previous period.
Improving (Yellow): Currency has a negative relative strength (bearish) and is greater than its value over the previous period.
Weakening (Aqua): Currency has a positive relative strength (bullish) and is lower than its value over the previous period.
Weak (Red): Currency has a negative relative strength (bearish) and is lower than its value over the previous period.
🔶 DETAILS
There is a wide variety of methods for the calculation of a currency's relative strength. The primary focus of the indicator is on the meter as well as the relative strength scatter graph. The currency strength calculation can be considered more basic.
Given two currencies, B (base) and Q (quote), the proposed indicator calculation process is as follows:
Exchange rate BQ(t) over time t is obtained, a rising value of BQ(t) means that a unit of B is now worth a higher amount of Q , highlighting strength of B over Q on that precise variation.
The individual relative strength over time IRS(t) is obtained as the percentage relatively close to the open difference of BQ(t) , that is:
IRS(t) = / open(t) * 100
Normalizing the close to open difference allows for the various currencies' relative strengths to approximately share the same scale.
The above operation is performed n times over a space of n currencies O( n ) . The obtained individual relative strengths for one specific currency are then added together, forming the final composite relative strength ( CRS ) of that currency:
CRS (t) = IRS (t) + IRS (t) + ... + IRS (t)
The cumulative sum of CRS(t) over the user selected period is then obtained.
USD Liquidity IndexThis USD Liquidity Index composed of 2 parts, total assets and major liabilities of the Federal Reserve .
There is a certain positive correlation between USD liquidity and risk asset price changes in history.
Suggested that USD Liquidity is mostly determined by the Federal Reserve balance (without leveraged), this index deducts three major liabilities from the total assets (in green color line) of the Federal Reserve . They are the currency in circulation (WCURCIR) in gold color, the Treasury General Account (WTREGEN) in blue color, the Reverse Repo (RRPONTSYD) in red color.
The grey line is the calculation result of the USD Liquidity Index. With it goes up, liquidity increases, vice versa.
Forex Strength IndicatorThis indicator will display the strength of 8 currencies, EUR, AUD, NZD, JPY, USD, GBP, CHF, and CAD. Each line will represent each currency. Alongside that, Fibonacci levels will be plotted based on a standard deviation from linear regression, with customizable lengths.
For more steady Fibonacci levels, use higher lengths for both Standard Deviations and Linear Regression. All currency lines come from moving averages with options like EMA, SMA, WMA, RMA, HMA, SWMA, and Linear Regression.
When lines of the active pair are far from each other, it means higher divergence in those currency strengths among the other pairs. The closer the lines are, the lower the divergence.
You can use the Fibonacci levels as points for the reversal or end of the current trend. When the lines cross can be used as a parameter for a more accurate signal of the next movement.
All 28 pairs are loaded from the same time frame and will use the same moving average for all of them
Alerts from the line crossing are available.
Integrated Implied Volatility C/FThe integrated version of IV CAP/FLOOR Premium and Bitcoin IV C/F.
Illustrating Cap-Floor bands based on statistical calculations using the implied volatility of Bitcoin, foreign currency pairs, commodities, bonds, and indexes.
Rob Booker Reversal Tabs StrategyRob Booker Reversal Tabs Strategy is an updated version of Rob Bookers Reversal Tab study: Rob Booker Reversal Tabs
While the original is a Pinescript study, this version can be switched between strategy and indicator mode.
Rob Bookers script generates reversal signal based on MACD and Stochastics, it is not a true reversal system, default pyramiding value is set to 5.
Inputs determine MACD and Stochastics settings. The only additional input is the "Strategy Mode" checkbox.
This script works well on its own for some tickers, but like any reversal pattern generating scripts, traders will profit from looking at overall price action and trend strength before making a trade.
From the original:
A simple reversal pattern indicator that uses MACD and Stochastics.
Created by Rob Booker and programmed by Andrew Palladino.
Please note that I only updated the original to V5 and edited it to be a strategy, which was a grand total of 5 minutes of work. I updated it because I wanted to see how the script performs as a strategy and I'm publishing it in case others would like to use it. I take no credit whatsoever for the original and WILL take this version down if Rob Booker or his Team ask me to or decide to release their own strategy version of the original.
Check out Rob Bookers scripts and ideas on his Tradingview account: robbooker
Equity Bond Currency DashboardDepicts demand-flow between Equities, Bonds and Currencies of 6 countries. Useful in tracking the flow of smart money and checking the dynamics of inter-connected markets.
Principle:
DXY lies at the heart of the diagram with usd-currency pairs of 5 countries connected to it. When demand for a currency increases it strengthens against Dollar. This is depicted by a line from DXY to the currency indicating demand flow from Dollar to the currency (DXY is only an indicative symbol for Dollar, the currency may not be part of the dollar index). Similarly when Dollar strengthens against the currency, demand flow is depicted by a line from the currency to DXY. Currency blocks are connected to Equity and Bond Yields of the respective countries. Equities and Bonds, when bought, takes the demand from the respective currencies and vice versa.
Overall, the demand flows in the direction of arrows. The flow is incomplete without commodities, import/export, interest/inflation rates of countries, however, the diagram most of the times explains why an asset class is performing the way it is.
Left side bar of each block is very similar to OHLC candles except for the following -
Instead of wicks, top and bottom of the bar represents high and low for the selected time-frame
Open and close are normalised for high and low
Bar border is red if close < prev.close, green if close >= prev.close
Other notes:
The diagram requires at least 200 bars in the chart to render. Please select the symbol and time-frame that contain at least 200 bars.
The diagram requires a live market to render the flow. To check flows on historical bars, set the option from settings.
Desired indices could be selected for countries of choice. Default settings point to futures wherever possible to have the markets live simultaneously across the countries.
In Chart Currency TickersQuick View of Multiple Currencies & Gold Price on Chart
In Chart Currency Tickers will help quick view of Multiple Currencies (Up/Down points & Percentage), you can change symbols on settings as per your requirement
മെയിൻ കറൻസികളും സ്വർണവിലയും റിയൽ ടൈം മോണിറ്റർ ചെയ്യുന്നതിനും മാർക്കറ്റ് സെന്റിമെൻറ് അറിയുന്നതിനും അതിനനുസരിച്ച് ട്രേഡിങ്ങ് ഡിസിഷൻ എടുക്കുന്നതിനും നിങ്ങളെ സഹായിക്കുന്നു
Happy Trading to All..!!!
Asif Kerim Naduvilaparambil
Masculine Relative StrengthThis relative strength indicator compares the G8 currencies against each other in all 28 combinations. It uses the 200 period moving average as a scoring system. For example on eurusd if current price action is above the MA that is +1 for the eur and -1 for the dollar and the inverse is applied if current price is under the 200 ma. The higher the number the stronger the currency. The weaker the number the weaker the currency. Pair the strongest currency with the weakest. This indicator does not guarentee profits and past performance does not guarentee the same future results.
All Central Bank Interest RatesWith another period of mass interest rates manipulation, I created this indicator to show them all. It reveals latest interest ratest (at a time of the last update) and a date when each central bank manipulated the rates.
If you would rather view a single pair data check: and
Currency Strength DashboardDrawing Currency Strength (consists of: USD, EUR, JPY, GBP, AUD, CHF, CAD, NZD) historical plots in parallel with currency strength heat map and dynamic legend, which makes this script unique as Dashboard.
Calculation criteria is based on user's input: Session, by which you can recalculate based on D, W, M.
Price Converter WAVAX to USDT.eI wrote this script to display WAVAX equivalents as USDT.e while trading on the Avalanche network (The USDT.e value is taken from the Pangolin exchange).
Fibonaci Opening Range Candle
Fibonacci Opening Range it is 50% and 0.61% of 5 min or 30min or 1 hour opening candle
search buying opportunities below 0.61
and selling opportunities above 0.50
Also acts as good support and resistance in intraday
BEST RESULTS IN INDEXES
Thanks & Best Regards
Marella Ganesh
CCFp (Complex Common Frames percent) ,Currency StrengthCCFp displays the strength of a currency pair.
It is based on the CCFp of MT4.
It is available for USD, EUR, GBP, CHF, JPY, AUD, CAD, NZD.
Multi-Currency & Multi-Timeframe SMA Summary Table
This script displays a summary table of the direction of simple moving averages of all the currencies on all timeframes. The concept was that I wanted a summary page giving me a birds eye view of what is happening in the market. I plan to use it as a common sense check to confirm that I'm not trading against the flow. I'm not planning to use it to blindly enter (ah if only trading was that easy!!!).
The above example is showing the direction of the 100 SMA for 30S, 3min, 15min, 1h, 4h, D for all the currencies. The base currency is adjusted so that the colour coding is adjusted to express the strength of the specific currency. For example in the case of CAD it is showing the directions of SMAs for CADNZD, CADAUD, CADJPY, CADCHF, CADEUR, CADGBP, CADUSD - the base currency is flipped on some pairs so CAD is always the base currency.
An example of what it is showing - look at the 1h column on JPY. All rows are red except for the chf row. This means that the 100SMA is pointing down on all JPY crosses except for JPYCHF (remember, SMA is down assuming JPY is the base currency).
Unfortunately, I could not fit all the script into a single indicator so you have to load an instance of the indicator into the chart for each timeframe you want to see. So the above example has 6 instances of the indicator overlaid - 1 instance for: 30S, 3min, 15min, 1h, 4h and D. Just choose the timeframe and the script will automatically organise the table.
At the bottom (in blue) is a summary score: a score of 7 = the MA is up on that timeframe on all currency crosses; a score of -7 = the MA is down on that timeframe on all currency crosses. So if you look at the example above, the blue row is showing that USD is very strong against all other currencies and the AUD is generally weak against all other currencies (notice the light blue vs the dark blue).
-You can choose the length of the SMA.
-You can chose the 'lookback' period (the bars back the script looks to compare whether the MA is getting higher or lower)
-You can change the colours
-You can adjust the table size to fit your monitor size
I hope its useful - I tried it yesterday and it kept me focused on USD strength (and not get seduced by temporary USD weakness). So it is doing what I designed it to.
Hope its useful. Good luck!
John
Central Bank Interest RatesThis indicator will show central bank interest rates on any major currency pairs.
I included the last 10 values for the study and will update them with future changes.
Major currencies: USD, CAD, NZD, AUD, JPY, EUR, CHF, GBP
I might add CZK, TRY, ZAR, and Yuan in the future.
Best Currency Strength Indicator By Mahfuz AzimBest Currency Strength Indicator is a visual guide that demonstrates which currencies are currently strong, and which ones are weak.
FX Currency strength indicators include multiple calculation to choose from
1. Relative Strength Index ( RSI )
2. True Strength Index (TSI)
3. Absolute Strength Index (ASI)
4. Linear Regression Slope ( LRS )
5. Rate of Change ( ROC ) and
6. Z-Score
