CSI Currency Strength
- Indicatori
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Santiago Nicolas Pla Casuriaga
Global Investing sviluppa strumenti di analisi FX di livello professionale per MetaTrader 5, integrati da un terminal web ad aggiornamento automatico su globalinvesting.github.io. Il terminal web copre quotazioni G10 in tempo reale, posizionamento CFTC COT, classifiche di carry trade, bias di - Versione: 4.5
- Aggiornato: 16 luglio 2026
The CSI Currency Strength indicator ranks all ten G10 currencies by momentum strength using a multi-lookback Z-score model, displayed as a live on-chart panel. Attached to any chart, it runs independently of the chart's symbol or timeframe.
The methodology follows the multi-horizon momentum framework from Asness, Moskowitz & Pedersen (2013), applied cross-sectionally to G10 currencies. Rather than comparing a single bar against the previous close — which introduces a cliff-edge artifact at each candle boundary — the model computes independent Z-scores across three separate lookback horizons and combines them with configurable weights. The result is a momentum ranking that is stable across the full candle cycle, not just at close.
How it works
For each currency, returns are calculated at three horizons: short (default 1 bar), mid (default 3 bars), and long (default 12 bars). A cross-sectional Z-score is computed independently for each horizon across all G10 currencies, then the three Z-scores are combined using configurable weights (default: 25% short / 35% mid / 40% long). The final composite score is mean-centered across the currency set, so the ranking sums to zero — the panel shows relative strength, not absolute direction.
Panel display
Ten rows, one per G10 currency, ranked from strongest to weakest:
- CCY — currency label
- INDEX — composite weighted Z-score
- TRD — directional arrow indicating trend change from previous calculation
- STRENGTH — horizontal bar chart, center-anchored, green for positive Z-score and red for negative, proportional to magnitude
The footer shows the chart symbol's base/quote pair Z-score delta — the spread between the two constituent currencies — as a direct read on the momentum differential driving the current pair.
Configurable inputs
- Timeframe — any MT5 timeframe (default: D1)
- Currency pairs list — full 36-pair G10 set by default, customizable
- Lookback Short / Mid / Long — horizon lengths in bars (default: 1 / 3 / 12)
- Weight Short / Mid / Long — horizon contribution weights (default: 0.25 / 0.35 / 0.40)
- Panel position — X/Y coordinates
- Font face, font sizes, row height
Part of the Global Investing suite
The same multi-lookback Z-score model powers the Currency Strength panel inside the Global Investing FX Terminal and the CSI sub-panel in the Institutional Risk Manager. This standalone version runs on any chart without requiring the full terminal.
