8 Pair Strength R2.0 updated by JustUncleLThis is an updated script Originally written by @glaz
Description:
This study is a version of Currency Strength Meter, that utilises TradingView's built-in "True Strength Index" (TSI) function. The TSI uses moving averages of the underlying momentum of a financial instrument.
Modifications:
10-Nov-2017 by JustUncleL
Corrected the weighting on JPY pairs, by dividing their close values by 100 to bring them within 1.0 range of the other pairs.
Added option to use different Data Source, eg hl2, hlc3, ohlc4 etc.
Updated to PineScript version 3.
Updated variable names to reflect their origin.
Cerca negli script per "Currency Strength"
Simple Currency Strength Measurer IVVersion IV of the SCSM, this time thanks to @SAACI I learned more about the financial markets and some math stuff. This time I switched the formula a bit to use Zscores:
(close-sma(close,shortma))/stdev(close,dev)
This creates a nice oscillator like view, if you overlay TWO of them, one longer and one shorter you can get almost perfect absolute highs and absolute lows. Enjoy.
