Currency Relative Strength IndexCurrency Relative Strength Index
This scripts show current RSI value and histogram of 7 Currency index on 3 time frame: 4H, 1H, 15M
//=== RSI Function ===\\
rsi_period=input(14)
M15_RSI( sym ) =>
M15_RSI = security( sym , "15", rsi (close,rsi_period))
H1_RSI( sym ) =>
H1_RSI = security( sym , "60", rsi (close,rsi_period))
H4_RSI( sym ) =>
H4_RSI = security( sym , "240", rsi (close,rsi_period))
//=== Currency Index ===\\
1. DXY - USD Index - U.S. Dollar Index
2. EXY - EUR Index - Euro Currency Index
3. JXY - JPY Index - Japanese Yen Index
4. BXY - GBP Index - British Pound Index
5. AXY - AUD index - Australian Dollar Index
6. CXY - CAD Index - Canadian Dollar Index
7. SXY - CHF Index - Swiss Franc Currency Index
Currencystrength
Currency Strength ALT v1.0Description:
This study is a version of Currency Strength Meter, that utilises TradingViews built-in 8 Currency indices (?XY), rather calculate them from currency pair values. It also utilises the built-in TSI function, the TSI uses moving averages of the underlying momentum of a financial instrument. The advantage of using the Currency Indices for strength is the fact that they are based on multiple Exchange sources and so hopefully making it more representative.
***WARNING*** The TradingView Currency Indices do tend to have gaps between candles especially on the low volume currencies like NZD and AUD, so strength chart can also jump around. I suggest using the indicator with higher TF (4H+) charts.
Ku-Chart / Currency Strength Chart [TORYS]Ku-Chart / Currency Strength Chart
source -> OANDA
include : GOLD chart
BEST Currency Strength Indicator DivergenceHello traders
Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)
The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component.
The script evaluates the divergences between the average of the selected RSI(FOREX pairs) and the RSI(FOREX pair) displayed on the chart.
This version includes new features such as:
- the RSI length can now be selected
- we can select the 6 pairs used for the divergence calculations
All the BEST my aspiring traders and quants
See you tomorrow for another script
Dave
[HCSI] Hiubris Currency Strength IndicatorHow to Use
Depending on the timeframe that you trade, it’s highly recommendable that you constantly monitor the turns of the slopes, that’s the best way to spot the currency shift of flows.
- For instance, if you are trading off the hourly chart, look to enter at key decision points, aligning technicals to exploit the opportunities of the strongest currencies vs the weakest .
If we were to take the chart below as a reference, judging by the slopes of the Daily trends, one would think that looking for buy-side opportunities in the GBP and USD against the NZD and EUR would be the best combination of currencies to stay on the right side of the market flows.
- If you are an intraday trader using the 5m chart to trade, what you then want to do is to constantly monitor the granular trend in the currency index off the 5m timeframe to identify in almost real time the potential changes in currency flows. Prior to that, you should have defined what are the best currencies to pair with one another, as shown above.
* We recommend using a Lookback Length of 90 for higher timeframes (1H+) and 60 for intraday timeframes
8 Pair Strength - updated by rmireland for CHF/EUR/GBPCurrency Strength meter
First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and color coded results against pairs.
I feel this makes the results easier to interpret. The darker the color the stronger the asset.
As Pine Script only allows a maximum of outputs, I have split this into 2 Scripts to cover all 28 pairs.
8 Pair Strength - AUD/CAD/NZD/USD for AUD/CAD - AUD/CHF - AUD/JPY - AUD/NZD
AUD/USD - CAD/CHF - CAD/JPY - NZD/CAD
NZD/CHF - NZD/JPY - NZD/USD - USD/CAD
USD/CHF - USD/JPY
8 Pair Strength - CHF/EUR/GBP for CHF/JPY - EUR/AUD - EUR/JPY - EUR/CAD
EUR/CHF - EUR/NZD - EUR/GBP - EUR/USD
GBP/AUD - GBP/CAD - GBP/CHF - GBP/JPY
GBP/NZD - GBP/USD
Enjoy
8 Pair Strength - updated by rmireland for AUD/CAD/NZD/USDCurrency Strength meter
First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and color coded results against pairs.
I feel this makes the results easier to interpret. The darker the color the stronger the asset.
As Pine Script only allows a maximum of outputs, I have split this into 2 Scripts to cover all 28 pairs.
8 Pair Strength - AUD/CAD/NZD/USD for AUD/CAD - AUD/CHF - AUD/JPY - AUD/NZD
AUD/USD - CAD/CHF - CAD/JPY - NZD/CAD
NZD/CHF - NZD/JPY - NZD/USD - USD/CAD
USD/CHF - USD/JPY
8 Pair Strength - CHF/EUR/GBP for CHF/JPY - EUR/AUD - EUR/JPY - EUR/CAD
EUR/CHF - EUR/NZD - EUR/GBP - EUR/USD
GBP/AUD - GBP/CAD - GBP/CHF - GBP/JPY
GBP/NZD - GBP/USD
Enjoy
TTPro CurrencyImpulse V12TTPro CurrencyImpulse V12 is a currency strength indicator with multiTimeFrame capabilities and variable periods (non repainting). Currently includes but not limited to AUD USD EUR CHF JPY NZD CAD GBP.
NZD RSCNZD Relative Strength Comparison to the basket of other major currencies.
nzd = (nzdusd + nzdjpy/100 + nzdcad + 1/gbpnzd + 1/eurnzd + nzdchf + 1/audnzd)/7
EUR RSCEUR Relative Strength Comparison to the basket of other major currencies.
eur = (eurusd + eurgbp + eurjpy/100 + eurcad + eurchf + euraud + eurnzd)/7
AUD RSCAUD Relative Strength Comparison to the basket of other major currencies.
aud = (audusd + audjpy/100 + audcad + audchf + 1/euraud + 1/gbpaud + audnzd)/7
CHF RSCCHF Relative Strength Comparison to the basket of other major currencies.
chf = (1/usdchf + chfjpy/100 + 1/cadchf + 1/gbpchf + 1/eurchf + 1/audchf + 1/nzdchf)/7
CAD RSCCAD Relative Strength Comparison to the basket of other major currencies.
cad = (1/usdcad + cadjpy/100 + cadchf + 1/eurcad + 1/gbpcad + 1/audcad + 1/nzdcad)/7
JPY RSCJPY Relative Strength Comparison to the basket of other major currencies.
jpy = (1/usdjpy + 1/cadjpy + 1/chfjpy + 1/eurjpy + 1/gbpjpy + 1/audjpy + 1/nzdjpy)/0.07
GBP RSCGBP Relative Strength Comparison to the basket of other major currencies.
gbp = (gbpusd + gbpjpy/100 + gbpcad + 1/eurgbp + gbpchf + gbpaud + gbpnzd)/7
USD Relative Strength Comparison (RSC)Simple indicator implementing relative strength against the equally weighted basket of major currencies. Perhaps I will coin it the Equally Weighted Index (EWI) and trademark it like ICE did with DXY.
usd = (usdjpy/100 + usdcad + 1/gbpusd + 1/eurusd + usdchf + 1/audusd + 1/nzdusd)/7
DXY is hard to compare against other indices because of it's weightening. Secondly it does not compare against all majors and includes SEK which is not a major currency. Source: Wikipedia .
In this chart it becomes more clear why GU is in an uptrend. From April 25th USD has been consolidating against the basket of majors while GBP has gained in strength against the same basket.
gbp = (gbpusd + gbpjpy/100 + gbpcad + 1/eurgbp + gbpchf + gbpaud + gbpnzd)/7
TTPro CurrencyImpulse V11// TTPro CurrencyImpulse V11 is a powerful indicator that measures the strength or weakness of the seven major currencies.
// Trading opportunities can be spotted very quickly when the currency lines cross over.
Essential Currency Strength Indicatorbased CSI
major x major pair range about +-20
major x minor pair range about +-40
show pair eurusd/usdjpy/eurjpy/audjpy/gbpjpy/gbpusd/audusd/nzdusd/eurgbp/usdchf/chfjpy/nzdjpy/usdcad/cadjpy
dafault usdjpy/eurusd ON , another pair OFF, CSI OFF
Known bugs: disabled drawing tool on showing below 2 pair
Currency Strength Meter (by vitelot)This script estimates the relative strength of forex major currencies.
It works in any timeframe with no input required.
The only parameter is used to smooth the curves and can be set to 1 to have the original, but noisy, signals.
Comments are welcome, and please push the like button if you find it useful.
Cheers.
PS Curious that this kind of indicator is not yet on tradingview, at least I could not find anything similar. Do you know any?
Test for IQoption chat by Noah NThe script uses the average price of Major currencies to show their relative strength. Choose which currencies you wish to see in the format options. The script works based off of RSI so the currency with a higher value is stronger than the currency with the lower value. If for example USD is at 65 and CAD is at 30 then USD is stronger than CAD and buying USDCAD is better idea than selling it.
Sourcecode is open to see.