Currency Strength

24 thg 11, 2017

Republished: The original script violated house rules by including an external link to Backtest Rookies.

Background

The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any instrument as an input. This means you can use multiple instances to track various currency strengths. It was designed with the major pairs in mind but there is no reason why it cannot be used for other FX pairs.

Note: The indicator defaults to GBP. When setting it up for other currencies, be sure to flag whether the currency is a counter currency or not.

The code is provided free and open source. Please modify it as you see fit.

Screenshots

Defaults with Annotation



Yen strength beating pound strength



Opposing Trends

12 thg 12, 2018

Phát hành các Ghi chú

Bugfix

Fix for NA values that recently started to appear.