• Overview
  • Reviews (1)
  • Comments (2)

CSI

The CSI shows the Currency Strength Index indicator in separate window. This indicator's comparison is calculated by the same algorithm as the CurrencyStrength.


Usage

The CSI shows the Currency Strength Index indicator in separate window. At most 8 lines are drawn in the chart. In default setting, USD is yellow, EUR is blue, JPY is red, GBP is cyan, AUD is lime, NZD is green, CAD is goldenrod, CHF is white respectively. If the currency is included in the currency pair of chart, the line is the solid and the dot otherwise. If the currency is ''strong'', the indicator value increases (maximum : 100), Conversely ''weak'', it decreases (minimum : -100).


Input Parameters

  • Comparator — The algorithm using the comparison. HIGHLOW, SMA, and EMA is available. (Default: HIGHLOW)
  • ComparatorParameter — The parameter of Comparator used in SMA and EMA.
  • UseUSD — Use USD or not. (Default: true)
  • UseEUR — Use EUR or not. (Default: true)
  • UseJPY — Use JPY or not. (Default: true)
  • UseGBP — Use GBP or not. (Default: true)
  • UseAUD — Use AUD or not. (Default: true)
  • UseNZD — Use NZD or not. (Default: true)
  • UseCAD — Use CAD or not. (Default: true)
  • UseCHF — Use CHF or not. (Default: true)


How to calculate the currency strength index

Table 1: Currency pairs


USD
EUR
JPY GBP AUD NZD
CAD
CHF
USD - EUR/USD USD/JPY GBP/USD
AUD/USD NZD/USD
CAD/USD USD/CHF
EUR EUR/USD
-
EUR/JPY
EUR/GBP
EUR/AUD
EUR/NZD
EUR/CAD
EUR/CHF
JPY USD/JPY
EUR/JPY
-
GBP/JPY
AUD/JPY
NZD/JPY
CAD/JPY
CHF/JPY
GBP GBP/USD
EUR/GBP
GBP/JPY
-
GBP/AUD
GBP/NZD
GBP/CAD
GBP/CHF
AUD AUD/USD
EUR/AUD
AUD/JPY
GBP/AUD
-
AUD/NZD
AUD/CAD
AUD/CHF
NZD NZD/USD
EUR/NZD
NZD/JPY
GBP/NZD
AUD/NZD
-
NZD/CAD
NZD/CHF
CAD USD/CAD
EUR/CAD
CAD/JPY
GBP/CAD
AUD/CAD
NZD/CAD
-
CAD/CHF
CHF USD/CHF
EUR/CHF
CHF/JPY
GBP/CHF
AUD/CHF
NZD/CHF
CAD/CHF
-

The CurrencyStrength uses 8 currencies and 28 currency pairs at most. Used currency pairs are shown in Table 1. Note that available currency pairs depend on the broker.

Table 2: Comparator sign


USD EUR
JPY
GBP AUD
NZD
CAD
CHF
USD

-
+
-
-
-
-
+
EUR
+

+
+
+
+
+
+
JPY
-
-

-
-
-
-
-
GBP
+
-
+

+
+
+
+
AUD
+
-
+
-

+
+
+
NZD
+
-
+
-
-

+
+
CAD
+
-
+
-
-
-

+
CHF
-
-
+
-
-
-
-

The comparator sign is shown in Table 2. Each sign corresponds to the currency pair of same position in Table 1. The comparator compares the latest value with one before. Signs that equal the table 2 are counted. ''Weak'' is computed with the negated table 2 and sum to ''strong'' count. The total count is divided by the number of available currency decided by input parameters. Finally, the value multiply 100 to scaling.


ex. Target currency is USD.

Comparator results are ...

EUR/USD: -

USD/JPY: +

GBP/USD: -

AUD/USD: -

NZD/USD: -

CAD/USD: -

USD/CHF: +

Signs that equal the table 2 are counted. In this case, the count is 8. The result ''8'' is divided by 8. As a result, USD's CSI is 100.

Maksym Mudrakov
10485
2016.08.31 14:44 
 

User didn't leave any comment to the rating