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Strong Pairs

This indicator calculates the strength of the major currencies (EUR, USD, CAD, GBP, CHF, NZD, USD, JPY) and shows the top 4 strongest currency pairs that are currently in a high probability trend for the day or for the week.


Usage

  • The indicator displays 8 currency pairs with a trend direction (e.g. "EURUSD-DOWN") and ranked according to strength, with 1 being ths strongest. There will be 4 pairs for intraday and 4 pairs for intraweek
  • If a currency pair is present in the top 4 intraday, it is in a high probability intraday trend
  • If a currency pair is present in the top 4 intraweek, it is in a high probability intraweek trend
  • If a currency pair is present in both intraday and intraweek top 4, it is in a stronger signal that it is in a high probability trend
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This indicator shows the relative strength of 8 major currencies: USD, EUR, GBP, AUD, NZD, CAD, CHF and JPY. The strength value is normalized to the range 0-100: The value above 60 means strong. The value below 40 means weak.  This indicator needs the data of all 28 paris and 9 timeframes. Use the EA Downloadhistory28&9 to download data automatically. --> https://www.mql5.com/en/blogs/post/728216 Reference for calling it in EA :  https://www.mql5.com/en/blogs/post/730961 Inputs  (full scre
60 USD
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