Gorbie

Pair Strength JPY

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Strength of JPY to EUR, GBP and USD
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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study("Pair Strength EUR GBP JPY USD", precision=3)
fast=input(5)
slow=input(15)

v1=security('EURGBP',period,close)
v2=security('EURJPY',period,close)
v3=security('EURUSD',period,close)
v4=security('GBPJPY',period,close)
v5=security('GBPUSD',period,close)
v6=security('USDJPY',period,close)
EUR=(v1+v2+v3)/3
GBP=((100-v1)+v4+v5)/3
JPY=((100-v2) + (100-v4) + (100-v6)) /3
USD=((100-v3) + (100-v5) +v6)/3
eur=tsi(EUR,fast,slow)
gbp=tsi(GBP,fast,slow)
jpy=tsi(JPY,fast,slow)
usd=tsi(USD,fast,slow)
plot(eur,color=fuchsia,title='EUR')
plot(gbp,color=blue,title='GBP')
plot(jpy,color=#FE2E2E,title='JPY', linewidth=3)
plot(usd,color=green,title='USD')
hline(0,title='midpoint')
hline(0.5,title='overbought')
hline(-0.5,title='oversell')

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