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Currency Strength Tool

FREE

Published: 14 April 2025

Current version: 1.10

Currency Strength Tool

Indicators
Pavel Ivanov
Pavel Ivanov
Russia

301
Version: 1.10
Updated: 1 February 2026

"Currency Strength Tool" is a straightforward and user-friendly indicator designed for analyzing the strength of eight major currencies based on daily price changes of currency pairs. It displays information compactly on the chart in three rows, providing traders with insights into current market dynamics. The indicator serves as an analytical tool, aiding in making informed trading decisions.

It appears as follows:

-7.3% 0.5% 0.2% 6.4% 1.2% 3.2% 4.1% 0.4% (daily change)

USD EUR GBP JPY CHF AUD CAD NZD (currency)

4.6 3.9 3.6 4.6 3.9 7.6 6.4 2.2 (strength)

Input Parameters:

PairSuffix: Allows specifying a suffix for currency pairs (e.g., "ecn", "stp"). By default, the field is empty, suitable for standard pair names.

TextColor: Text color for display on the chart (default is dark gray).

SmoothPeriod: Number of days for smoothing the currency strength (default is 5). If set to 0, smoothing is disabled, and the current normalized strength is displayed.

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Currency Strength Tool

Pavel Ivanov