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Multi-Pair Channel Angle Oscillator- Currency Strength

The Multi-Currency Strength Indicator – Multi-Pair Channel Angle Oscillator

This indicator identifies trends across multiple currency pairs by drawing a linear regression channel and calculating the channel's angle relative to the horizontal axis:

Above 0 → Uptrend
Below 0 → Downtrend
Initially designed to measure synchronized movements in cross pairs to confirm the weakening or growth of a currency. For example, when DXY decreases, Gold increases, and vice versa.

Key Features:
  • 10 Trading Pairs for Analysis: Customizable by the user, including selecting the exchange source (e.g., XAUUSD OANDA).
  • Adjustable Channel Length: Default is 100, but users can modify it.
  • Customizable Angle Threshold: Default is 0. For instance, Gold typically moves sideways when the channel's angle is between -2 and 2. More research is recommended to identify three market phases: sideways, uptrend, and downtrend.
  • Multiplier Input: Allows users to adjust the display for easier visualization of angle oscillations.


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A d𝓮er digs deeply into bull and bear markets.

Our Custom Programming Service: Focusing on Pine Script to develop indicators/Bots on TradingView/MT5 that support traders in the Forex, Stock, and Crypto markets

youtube.com/@0xTheChartist
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