BacktestRookies

Currency Strength

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

Dec 11
Catatan Pelepasan: Bugfix

Fix for NA values that recently started to appear.
Keluarkan daripada Skrip Pilihan Tambah kepada Skrip Pilihan
newbie question. How do I compile this? thanks!
Balas
This is super cool stuff... You still around?
Balas
@isarnil, Yes, if you mean in general, still working on the platform :)
Balas
Very nice work! Impressed as always.
Balas
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