This script measures the strength of the 6 major currencies USD, EUR, GBP, CAD, AUD and JPY. Simply, it averages the RSI values of a currency vs the 5 other currencies in the basket, and displays each average RSI value in a table with color coding to quickly identify the strongest and weakest currencies over the past 14 bars (or user defined length). The Dir....
EXPERIMENTAL: Oscillator with sum'd volume across the majors with panel showing volume over period results.
Hello, This technique is for those who want the most simple method that is almost fool-proof. It must be done only during the busiest trading hours, 3 am to 11 am EST. This method doesn't work in sideways markets, only in volatile trending markets. Indicators: Ema 3 MA 20 Awesome Oscillator. Enter Long: when the red 3 EMA has crossed up through the...
Power oscillator to discern what currency's are stronger/weaker.
Version 2 of the ROC study that now puts them as a label on the same chart.
A simple study that shows the majors against the USD Rate of Change. Allows you to pick opposing strength pairs to trade. There are different ROC calculations for people to play with as I am not sure which way the ( ) should be so feedback is welcome.
this script by RichardoSantos description -- Power oscillator to discern what currency's are stronger/weaker. added option to use a smoothed source(close) for pooling the change, giving longer term directional bias, note that this causes lag in the results as MA's turn slower than price. -- I added currency labels and changed line color only.
Power oscillator to discern what currency's are stronger/weaker. added option to use a smoothed source(close) for pooling the change, giving longer term directional bias, note that this causes lag in the results as MA's turn slower than price.