Multi-currency TSI & Trend Dashboard (V1)

4 hari lalu

This indicator aggregates momentum data from multiple currency pairs to calculate a True Strength Index (TSI) for eight major currencies. It then derives a trend for each currency by comparing the TSI to an exponential moving average (EMA) calculated over a user-defined period. The result is presented in a dashboard of tables, each showing the currency's name, its TSI value, and whether it is in an uptrend, downtrend, or flat state. This provides traders with a clear, at-a-glance overview of currency strength without the need for complex analysis.

4 hari lalu

Nota Keluaran

This indicator aggregates momentum data from multiple currency pairs to calculate a True Strength Index (TSI) for eight major currencies. It then derives a trend for each currency by comparing the TSI to an exponential moving average (EMA) calculated over a user-defined period. The result is presented in a dashboard of tables, each showing the currency's name, its TSI value, and whether it is in an uptrend, downtrend, or flat state. This provides traders with a clear, at-a-glance overview of currency strength without the need for complex analysis.

3 hari lalu

Nota Keluaran

## Overview
This indicator offers a comprehensive dashboard that displays the relative strength of the eight major currencies (EUR, USD, GBP, CHF, JPY, AUD, CAD, NZD) in real time by calculating a True Strength Index for each and highlighting their current trend status. It aggregates momentum across all relevant pairs for each currency and presents the results in an easy‑to‑read panel, allowing traders to quickly spot which currencies are in uptrends, downtrends, or trading flat.

## Main Features

### Multi‑Currency Strength Meter
- Tracks the strength of each of the eight major currencies by measuring price movements against all other currencies in a single view.

### True Strength Index (TSI) Oscillator
- Utilizes a momentum oscillator that smooths price changes via double‑smoothed EMAs, ranging between negative and positive territory to indicate overbought/oversold conditions and trend shifts.

### Trend Identification
- Compares the current TSI value against a user‑defined EMA to classify the market state as “Up,” “Down,” or “Flat,” giving a clear visual cue of trend direction without manual analysis.

### Historical Context
- Displays not only the current TSI but also the two immediately preceding values, providing quick insight into short‑term momentum shifts right within the dashboard.

### Customizable Inputs
- Allows traders to adjust momentum and smoothing periods as well as the EMA length for trend determination, making it adaptable to different timeframes and trading styles.

*This concise overview focuses on the practical benefits and high‑level capabilities of the Multi‑currency TSI & Trend Dashboard indicator.*

kelmarin

Nota Keluaran

Small update for the range of color, now in light green or red for mid value. And the Valur of TSI is only with 2 numbers after dot.
Revision of the code