Currency Strength - page 4

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HELLO MLADEN and MRTOOLS,

Please I write to remind you of my request in POST 20

The new version requested will be a very useful tool.

Your skilled assistance would be highly appreciated.

THANKS FOOR YOUR SERVICES.

 
winner246:
HELLO MLADEN,

Please assist with an improved version of COENSIO CUSIV01 Indicator.

It measures USD momentary strength AGAINST 4 currencies,i.e EUR,GBP,AUD AND JPY.

Kindly create a NEW version that rather uses the 8 MAJOR Currencies,i.e USD,EUR,GBP,CHF,AUD,JPY,CAD and NZD.

So this new version will have these 2 additional features;

1. It measures USD against the other 7 currencies.

2. It allows you to ALTERNATE the USD with EACH of the other currencies against the 7 opposite currencies.

MANY THANKS FOR YOUR KIND SERVICE.

it does not show the "strength" of EUR,GBP,AUD and JPY, but of EURUSD, GBPUSD, AUDUSD, and JPYUSD. It automatically excludes USD from being shown

__________________

PS: that is simply a difference of price and ema for the upper stated symbol pairs - nothing else (and it shows it as pips on a 5 digit broker) and an average of those 4 pairs. That average should be what you what to have as USD "strength" (but I doubt that the strength of a currency can be calculated like that)

 

if i'm not mistaken, relative strength currency....perhaps can be normalized also because may be the better way

compared to cc ccfp

what would you say is better one

 

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Cross-Currency Strength

Sergey Golubev, 2025.12.04 15:53

Currency pair strength indicator in pure MQL5

Currency pair strength indicator in pure MQL5

Today we are going to create something special — an indicator that will turn this chaos into a clear picture of market strength. Imagine a tool that instantly shows how EUR is gaining strength on the hourly chart, while JPY is weakening on the daily timeframe. An indicator that doesn't just show data, but tells the story of each currency through the prism of three key timeframes.

 
Great idea - comparing relative currency strength with something like RSI/ROC can definitely help highlight which currencies are really moving versus just noise. Tools that compute strength against a basket or index often give more insight than looking at single pairs alone. You might also check out some of the existing strength indicators in the CodeBase to build from instead of starting from scratch.
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