OPEN-SOURCE SCRIPT
Forex Strong Weak Analysis
Forex Strong/Weak Analysis
- Derived from Dennis3450 thread on babypips.com - See thread here: https://forums.babypips.com/t/trading-the-trend-with-strong-weak-analysis
Synopsis: This script compares the current price to the 200 period simple moving average on the 4-hour chart of the seven major Japanese Yen currency pairs and plots the results in order to determine their relative strength.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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