Description
This indicator shows how strong or weak each of the 8 main currencies is. It calculates this by using well-known technical indicators (like RSI or MACD) on many different currency pairs. Then, it builds a "strength index" for each currency, so you can see the market situation in a clear and easy way.
- Find strong and weak currencies quickly
- Compare one currency against another
- Confirm your trade ideas using strong signals
- Use a multi-timeframe dashboard to see data from different timeframes
- Use it without optimization – just load and go
- Rely on it because it does not repaint past signals
What indicators does it use?
You can choose one of these oscillators (technical indicators):
- RSI (Relative Strength Index)
- CCI (Commodity Channel Index)
- MACD (Moving Average Convergence Divergence)
- OSMA (Oscillator of Moving Average)
- DeMarker
- Stochastic
- Momentum
- Force Index
- Money Flow Index (MFI)
- Awesome Oscillator
- Relative Vigor Index (RVI)
- Accelerator Oscillator
What pairs does it analyze?
To build the strength index for each currency, the indicator reads all these forex pairs: EURUSD, GBPUSD, USDJPY, AUDUSD, USDCHF, USDCAD, EURCHF, NZDUSD, AUDCAD, AUDCHF, AUDNZD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURGBP, EURJPY, EURNZD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, NZDCAD, NZDCHF, NZDJPY, AUDJPY
This covers all majors, minors, and crosses involving the 8 main currencies.
This tool is not just for trade signals — it’s a symbol selection and filtering tool. You can use it to decide which currencies to trade today.
Input Parameters
- Indicator – Choose the oscillator used to evaluate currency strength (e.g., RSI, MACD, CCI, etc.)
- Bars to Evaluate – Number of historical bars to process when the indicator loads. Fewer bars = faster load time.
- Enable Dashboard – Enable or disable the multi-timeframe dashboard display on the chart.
- Symbol Prefix – Prefix for symbol names if your broker uses one (e.g., "fx" for "fxEURUSD").
- Symbol Suffix – Suffix for symbol names if your broker uses one (e.g., "mini" for "EURUSDmini").
- RSI Period – Number of periods for RSI oscillator (if RSI is selected as the processor).
- CCI Period – Number of periods for CCI oscillator (if CCI is selected).
- MACD Fast EMA – Fast EMA period for MACD calculation.
- MACD Slow EMA – Slow EMA period for MACD calculation.
- MACD Signal – Signal line period for MACD.
- OSMA Fast EMA – Fast EMA for OSMA.
- OSMA Slow EMA – Slow EMA for OSMA.
- OSMA Signal – Signal line period for OSMA.
- DeMarker Period – Period setting for the DeMarker oscillator.
- Stochastic K Period – %K period for the Stochastic oscillator.
- Stochastic D Period – %D period for the Stochastic oscillator.
- Stochastic Slowing – Slowing parameter for the Stochastic oscillator.
- Momentum Period – Number of periods for Momentum calculation.
- Force Index Period – Period for Force Index oscillator.
- MFI Period – Period setting for the Money Flow Index.
- Awesome Fast – Fast period for the Awesome Oscillator.
- Awesome Slow – Slow period for the Awesome Oscillator.
- RVI Period – Period setting for the Relative Vigor Index.
- AC Fast – Fast period for Accelerator Oscillator.
- AC Slow – Slow period for Accelerator Oscillator.
- Dashboard Font Size – Font size used in the multi-timeframe dashboard.
- Dashboard Label Color – Text color for the dashboard labels and values.
Disclaimer
This indicator is a tool for technical analysis only and is designed to assist in chart interpretation. It does not constitute financial advice, investment recommendation, or any guarantee of results. Trading involves a high risk of loss and can result in the loss of your entire capital. Use this indicator at your own risk and only with money you can afford to lose. For complete details, please read our Terms and Conditions.
