BEST Currency Strength Indicator Divergence by Daveatt

oscillator centeredoscillator trendanalysis currencystrength divergence rsi_divergence divergences regulardivergence hiddendivergence forex rsidivergence

Hello traders

Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)

The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component.

Currency Strength Indicator CSA 5-Step Scalp

The script evaluates the divergences between the average of the selected RSI(FOREX pairs) and the RSI(FOREX pair) displayed on the chart.

This version includes new features such as:

- the RSI length can now be selected
- we can select the 6 pairs used for the divergence calculations

All the BEST my aspiring traders and quants
See you tomorrow for another script

Dave

👨‍💻 Need help you with your FTMO/TopStep verif?

⭐️ Listed as TradingView Trusted Pine Programmer

📧 dave@best-trading-indicator

Telegram: Daveatt

⏩ Course: best-trading-indicator.com

Twitter: twitter.com/bti_trading

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.

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.

Want to use this script on a chart?