OPEN-SOURCE SCRIPT
Updated CCY Relative Strength [USD]
This script provides an indication of the USD relative strength against other major currencies.
The strength is denoted by sma(roc(close, p1), p2). The USD value is always 0.
p1: SMA Period
p2: ROC Period
If you set the SMA Period to 1, it simply functions as the ROC.
The strength is denoted by sma(roc(close, p1), p2). The USD value is always 0.
p1: SMA Period
p2: ROC Period
If you set the SMA Period to 1, it simply functions as the ROC.
Release Notes
- Fix miscalculations- I found an error in the above description. The p1 and the p2 are the other way around.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.