Best 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...
This script shows comparisons between major currencies for the specified time frame. it checks the change since the last bar and set the background and text color.
You can change time frame and background & text colors. you can also change the location of the table as you wish.
in the following example, the script was added to the chart two times,...
This is a simple rate converter that can convert almost anything into almost anything else. It supports cryptocurrencies, currencies and most commodities.
On the chart we see the following:
USD (US Dollar) into EUR (Euro) as a candle stick chart
WTICO (West Texas Intermediate Crude Oil) into ISK (Icelandic Krona) as a bar chart
ADA (Cardano) into JMD...
This is a flexible currency strength indicator and you can adjust it to any currency you wish 'to measure'. By default, it is set to measure USD major pairs. Indicator calculates every pair you list, and plots one composite chart in the form of Heikin Ashi candles. Basically, you will get USD index in this case. Similarly, you can get AUD, EUR, CAD, JPY, CHF, etc...
Relative Strength Index is a momentum oscillator developed by J. Wilder. The original version of RSI rescaled the relative strength measurement to range. While the rescaling is useful for readability, This non-rescaled version tells the exact average relative strength of the movement for the past period, and give another way to put the relative...
This is a small tool for automatic currency conversion for dual listed stocks that trade in different currencies, i.e. Biontec: BNTX (USD) / 22UA (EUR).
- The label shows the converted price and the underlying's currency.
- Base currency is set to EUR.
- Automatically detects the underlying currency via syminfo.currency and converts it.
This is Screener script for Mean Reversion Channel Indicator
█ Description & How To Use
The screener works by scanning through up to 40 symbols and list down symbols that are currently within Overbought/Oversold Zone as defined by Mean Reversion Channel indicator.
The Overbought/Oversold Zone are further categorized and sorted by:
This Framework allows Pine Coders to quickly code Study() based signal/strategy and validate its viability before proceed to code with more advance/complex customized rules for entry, exit, trailstop, risk management etc..
This is somewhat an upgraded version of my earlier personal template with different strategy used, cleaner code
Sample Strategy: MACD Crossover with trend filter options
MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell
ADX Filter : Take trade only when ADX is above certain treshold
MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal
MACD Cross below signal line while...
Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing:
Inner Channel -> Dynamic Support and Resistance
Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move
Details on some of...
This is a stochastic for an entire currency group (majors and crosses). So if you are wondering whether the entire group will reverse this might help. For example, if you are think the USD group will roll over you can see an amalgamated stochastic of AUDUSD, NZDUSD, USDJPY, USDCHF, EURUSD, GBPUSD, USDCAD (average stochastic of all of them). The concept is that it...
Currency Strength meter
This is a stripped down version of the "8 Pair Strength - updated by rmireland for CHF/ EUR/GBP" and "8 Pair Strength - updated by rmireland for AUD/CAD / NZD/USD"
which give a Heat-map of all Pairs
First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and Heat Mapped the...
I decided to publish the COT Forex Indicator, which I created for convenience, as an open source.
The period DXY is determined by the differences between the two signals on the Pivot Reversal Strategy on the weekly chart.(1W)
Thus, relative period point search is automated.
When the new signal comes, after the...
Hi traders , this is lonelygrass again 😄, and I am going to show what you don't often see out there and share it with you.
This indicator is called "s&p 500 sector strength index"😎 , which allows you to distinguish strengths and weaknesses between different sectors in s&p500, and to create meaningful trading frameworks around it.
Similar to the RSI indicator ,...
This script is a simple Forex terminal.
It serves the same purpose as Heatmaps.
You can also set the period to look back manually in the menu.
Major indicators are taken into account.
In this way, an idea can be obtained about all major and minor currencies.
Canadian Dollar Currency Index updates in real time and doesn't close like tradingview.com's currency indexes. Based off of the Bank of Canada's CEER methodology and tracks it quite closely, although not perfectly. It seems to be higher than the Bank of Canada's index by 2 points. This could be due to using different data for the currencies and as I am not...