Forex relative currency strength indicator

Relative Strength of Currency Tools | Money Making Forex Tools


forex relative currency strength indicator

In simple terms the strength value is calculated by measuring the relative moves on a group of forex pairs associated with that currency. The currency strength indicator time-frame defines the measurement interval. So for the 4-hourly timeframe (H4), the currency strength will be based on the relative moves over the prior 4 hour period. Currency Strength Meter Our currency strength meter gives you a quick visual guide to which currencies are currently strong, and which ones are weak. The meter measures the strength of all forex cross pairs and applies calculations on them to determine the overall strength for each individual currency. Relative currency strength heatmap table shows the percentage change in price of various currencies and metals against each other over time. OANDA uses cookies to make our websites easy to use and customized to our visitors.

Currency Strength Indicator @ Forex Factory

Joined Jun Status: Member 14 Posts Doing an indicator to match the math in the spread sheet would not be bad. What would you say the trading signals would be once the indicator is done? Now that I know that what I am proposing is possible and I have an idea for how it will work, I will find a coder to help me put the whole thing together.

If it works the way I hope, and it doesn't bring the average computer to a grinding halt from using too much memory, I will be happy to post the final indicator in this forum for others to use. Thanks again for the assistance and answering my questions. If I can do anymore let me know. FYI: I am a coder. The excel sheet uses the daily high and low, maybe because that is what the originator wanted or because it is because that is only what Mt4 provides with DDE, I don't know.

But I think it would be wise to look back a configurable amount of bars to determine high and low instead of the abritary daily high and low. Jun 26, pm Jun 26, pm flotsom Joined Mar Status: Member Posts I think the easy option will be to get this indicator to print out in metatrader to begin with rather than exporting to a spread sheet.

I've seen some examples on other threads of the type of thing I am after, but not quite based on the same "strength" factors as I want. Below is an image of the type of thing I hope to build.

You can see there are 3 print outs in the indicator. Shows a plain and simple currency strength reading. There are plenty of indicators that show this in a traditionally squiggly line format. I want it shown as bars. Shows the rate at which a currency is gaining or losing strength. This is what I'm most interested in knowing as quickly and easily as possible. Shows the corresponding currency pair which contains the 2 currencies which are moving away from each other in strength most rapidly.

So for me the best pairs to trade are the ones whose 2 currencies are moving away from each other the greatest more divergence. Now all this information can be forex relative currency strength indicator from any one of the excellent strength indicators on this forum, but I would like to create something forex relative currency strength indicator easier to interpret as per my image below.

So I am going to pay to have a coder create this for me. Of course to have a coder create this, I need to be very exact in my instructions, and to that end I am going to need to explain a precise mathematical formula for determining strength and rate of change. Unfortunately for me I have no idea how these indicators calculate these things.

Are they measured on the number of pips a currency moves, or the percentage range of movement percentage of what As always, any help or suggestions are appreciated. Note, that in the present form you have over all sentiment for the dar because of the daily baronce you start using the bars option, you no have to decide what time frame you want to use it on.

Attached File xMeter Indicator2. It has everything you need example below. I don't understand why you would need to program something new. There are numerous version of the CCFp-Diff indicator which and you edit them to suit your needs you can edit the moving average settings or use bars only, you can choose to use current bars or only closed bars etc. Have a thorough look at the thread it's the same thread I linked to before. If you don't risk, you don't ever have to lose. Jun 26, pm Jun 26, pm flotsom Joined Mar Status: Member Posts Hi Bug, I've been reading the thread which contains that indicator from ferrufx which is what has given me the idea for what I want.

If I am correct in my assumption, forex relative currency strength indicator, I'm not sure I am confident in the genuine strength reading this gives. This is just me being fussy I know. My problem is I really have to know and have full confidence I know what is being calculated in an indicator before I would even begin to trust it or use it to aid my trading.

That's why I'm inclined to start from scratch getting my own coded exactly as I desire. Of course I may be forex relative currency strength indicator wrong about the CCfp-Diff indicator so I will continue to learn more about it, forex relative currency strength indicator.

My gut feeling is I would rather use something like Hanovers recent strength indicator in terms of how strength is calculated, and then go from there developing my own graphical representation.

Jun 26, pm Jun 26, forex relative currency strength indicator, pm Joined Jan Status: cash is a position too Posts flotsom If I may be frank with you, Forex relative currency strength indicator think you're being too cautious, too forex relative currency strength indicator to fail, maybe a perfectionist even, forex relative currency strength indicator.

I recognize this because I catch myself being too cautious at times as well and it helps to remind myself to take on some risks at times I think my signature says it all. You didn't mention whether you had tested the CCFp-Diff indicator but from what you wrote I am making the assumption that you did not. I highly recommend you ahead forex relative currency strength indicator the testing and only then start judging the indicator.

It might look to you as if there is too much lag or it can't be used because you don't know for sure what's inside there, but please go ahead and test it for at least 50 hours using different currency pairs, timeframes and indicator settings.

The indicators I have provided links to and others that are available on Onix see link below forex relative currency strength indicator, TSD you would need to Google that and FF are more than enough for your purposes as you described them in above posts.

Give 'em a chance! Give yourself a chance.


Currency Relative Strength - forex technical analysis indicators


forex relative currency strength indicator


Feb 21,  · 4USINGRELATIVE CURRENCY STRENGTH (RCS)The Relative Currency Strength indicator is a tool used for technical analysis for the Forex (foreign exchange) market. This indicator calculates the current and historical strength or weakness of a currency/5. Jun 26,  · Currency Strength Indicator. In the image below during point "0", you can see that the currency represented by the orange line is the strongest and the green line is the weakest. Regular use of such an indicator would suggest you trade the pair which contains those 2 currencies and trade in the direction of strong against weak. Trading currencies that are gaining strength against currencies that are losing strength is obviously a good way to go, so this is an attempt to illustrate the increase/decrease in strength of a currency compared to 7 others, to help filter out those bad trades and get us into good ones for many pips of profit. Now check out the Safv6.