• Overview
  • Reviews
  • Comments (2)
  • What's new

Price vs MA currency strength

This indicator uses the Moving Average (MA) and returns two strength scores as two lines in window - one for the base currency and other for counter currency.

It combines the group of correlated (base & counter) currency pairs dynamically from the chart, as per:

  • AUD="AUDUSD","AUDCAD","AUDCHF","AUDJPY","AUDNZD" / "EURAUD","GBPAUD"
  • USD="USDJPY","USDCHF","USDCAD","USDNOK","USDSEK" / "AUDUSD","NZDUSD","EURUSD","GBPUSD"
  • NZD="NZDCAD","NZDCHF","NZDJPY","NZDUSD" /  "AUDNZD","EURNZD","GBPNZD"
  • GBP="GBPUSD","GBPAUD","GBPNZD","GBPCAD","GBPCHF","GBPJPY","GBPSEK","GBPNOK" / "EURGBP"
  • EUR="EURUSD","EURAUD","EURNZD","EURCAD","EURCHF","EURGBP","EURJPY","EURSEK","EURNOK"
  • CHF="CHFJPY" / "EURCHF","USDCHF","AUDCHF","NZDCHF","GBPCHF","CADCHF"
  • CAD="CADCHF","CADJPY" / "AUDCAD","NZDCAD","EURCAD","GBPCAD","USDCAD" 
  • JPY="USDJPY","AUDJPY","NZDJPY","CADJPY","CHFJPY","EURJPY","GBPJPY","SEKJPY","NOKJPY","SGDJPY"

When base score > counter score, means base currency is showing bullish indicator momentum and vice versa.


Parameters:

  • MA_PERIOD - number of periods for the MA indicator.
  • MA_METHOD - type of averaging to apply.
  • PriceType - PriceOpen,PriceHigh,PriceLow,PriceClose
No reviews
Version 160.125 - 2016.01.27
TypeOfScore parameter set to default of "Percent", others deprecated