[HCSI] Hiubris Currency Strength Indicator
Depending on the timeframe that you trade, it’s highly recommendable that you constantly monitor the turns of the slopes, that’s the best way to spot the currency shift of flows.
- For instance, if you are trading off the hourly chart, look to enter at key decision points, aligning technicals to exploit the opportunities of the strongest currencies vs the weakest.
If we were to take the chart below as a reference, judging by the slopes of the Daily trends, one would think that looking for buy-side opportunities in the GBP[/b ] and USD against the NZD and EUR would be the best combination of currencies to stay on the right side of the market flows.
- If you are an intraday trader using the 5m chart to trade, what you then want to do is to constantly monitor the granular trend in the currency index off the 5m timeframe to identify in almost real time the potential changes in currency flows. Prior to that, you should have defined what are the best currencies to pair with one another, as shown above.
*We recommend using a Lookback Length of 90 for higher timeframes (1H+) and 60 for intraday timeframes
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hiubris-indicators.com/
Disclaimer
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact Hiubris_Indicators directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
Warning: please read our guide for invite-only scripts before requesting access.
hiubris-indicators.com/