CSI Currency Strength
- 지표
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Santiago Nicolas Pla Casuriaga
Global Investing는 MetaTrader 5용 전문가급 FX 분석 도구를 개발하며, globalinvesting.github.io에서 자동으로 업데이트되는 웹 터미널로 이를 보완합니다. 웹 터미널은 실시간 G10 가격, CFTC의 COT 포지셔닝, 캐리 트레이드 순위, 중앙은행 정책 편향 및 OIS 내재 금리 기대치, 리테일 센티먼트, 경제 서프라이즈 점수(ESI), 수익률 곡선 및 국채 스프레드, 크로스 애셋 리스크 레짐, 파생상품 시장 구조(CIP 포워드, 리스크 리버설 곡면, DTCC 장외 흐름), 그리고 AI가 - 버전: 4.6
- 업데이트됨: 28 8월 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.
