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Currency Strength Gauge

Currency Strength Gauge incicator

The currency strength gauge is an indicator to measure of the strength or weakness of currencies in the Forex market.

Comparing the strength of currencies in a graphic representation will lead to a good overview of the market and its future trends.

You will see in a graphic chart both the strength of the currencies and their correlation, and this will help you in your decisions to get better trades.

 

-To easy detection of over Overbought and Oversold points, indicator levels are set.

-To check the strength of currencies in a specific time-frame, you can easily adjust it in the indicator parameters.

 

Indicator Parameters:

  • Suffix: If your broker's symbols have a suffix, enter it in the suffix (which is   case sensitive).
  • Gold Symbol: If the Gold symbol in your broker has another name, enter its name in the parameters.  For example, if gold symbol in your broker is “GOLD” Write GOLD instead of XAUUSD.
  • History Calculation: The N last candles that you want the indicator to consider those.
  • Segmentation: Adjust it if you want the indicator calculate currencies strength in a particular frame.


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Version 1.2 2023.07.04
Some improvements were applied.
Version 1.1 2023.01.02
Some features improved.