8 Pair Strength - updated by rmireland for AUD/CAD/NZD/USD — Indicator by rmireland63

volatility trendanalysis currencystrength

Currency Strength meter

First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and color coded results against pairs.

I feel this makes the results easier to interpret. The darker the color the stronger the asset.

As Pine Script only allows a maximum of outputs, I have split this into 2 Scripts to cover all 28 pairs.

8 Pair Strength - AUD/CAD/NZD/USD for AUD/CAD - AUD/CHF - AUD/JPY - AUD/NZD
AUD/USD - CAD/CHF - CAD/JPY - NZD/CAD
NZD/CHF - NZD/JPY - NZD/USD - USD/CAD
USD/CHF - USD/JPY

8 Pair Strength - CHF/EUR/GBP for CHF/JPY - EUR/AUD - EUR/JPY - EUR/CAD
EUR/CHF - EUR/NZD - EUR/GBP - EUR/USD
GBP/AUD - GBP/CAD - GBP/CHF - GBP/JPY
GBP/NZD - GBP/USD

Enjoy

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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