AUD Relative Strength Comparison to the basket of other major currencies. aud = (audusd + audjpy/100 + audcad + audchf + 1/euraud + 1/gbpaud + audnzd)/7
CHF Relative Strength Comparison to the basket of other major currencies. chf = (1/usdchf + chfjpy/100 + 1/cadchf + 1/gbpchf + 1/eurchf + 1/audchf + 1/nzdchf)/7
CAD Relative Strength Comparison to the basket of other major currencies. cad = (1/usdcad + cadjpy/100 + cadchf + 1/eurcad + 1/gbpcad + 1/audcad + 1/nzdcad)/7
JPY Relative Strength Comparison to the basket of other major currencies. jpy = (1/usdjpy + 1/cadjpy + 1/chfjpy + 1/eurjpy + 1/gbpjpy + 1/audjpy + 1/nzdjpy)/0.07
GBP Relative Strength Comparison to the basket of other major currencies. gbp = (gbpusd + gbpjpy/100 + gbpcad + 1/eurgbp + gbpchf + gbpaud + gbpnzd)/7
Simple indicator implementing relative strength against the equally weighted basket of major currencies. Perhaps I will coin it the Equally Weighted Index (EWI) and trademark it like ICE did with DXY. usd = (usdjpy/100 + usdcad + 1/gbpusd + 1/eurusd + usdchf + 1/audusd + 1/nzdusd)/7 DXY is hard to compare against other indices because of it's weightening....
Script for calculating the cumulative RSI for 8 popular forex currencies.
Compare the relative strength (RSI) of 8 popular forex currencies, GBP, JPY, EUR, USD, CHF, CAD, NZD, AUD. Adjust the RSI period, default 7. Red: GBP Green: JPY Blue: EUR Black: USD Orange: CAD Yellow: CHF Purple: NZD Teal: AUD
This currency strength indicator displays the strength for the displayed currency pair only. The following currencies are supported: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD Base currency is indicated by a blue line. Counter currency by a green line. Double click on a line to open the settings window to change line colors or the possition of the dashed lines.
Go long if RSI crosses over 30 or 60. Go Short when RSI falls below 60. Back testing gives good amount of success and can be used in 3/5/15/30/60 minutes time frame with HeikinAshi charts. Don't use normal candles to reduce noise.
Compares a stock's relative strength against Malaysia market index (KLCI)
Directional movement indicator for assessing price direction and strength. DMI tells you when to be long or short, differentiating between strong &weak trends. DMI works on all time frames and applicable to any asset. DMI is a moving average of range expansion over an input period. The positive directional movement indicator ( +DMI ) measures how strongly price...
Updated work in progress. Will post more notes as I tune the criteria. Enjoy
The strength of a stock relative to the S&P 500 is key part of most traders decision making process. Hence the default reference security is SPY, the most commonly trades S&P 500 ETF. Most profitable traders buy stocks that are showing persistence intermediate strength verses the S&P as this has been shown to work. Hence the default period is 63 days or 3 months.
Added NZD Index and 50% level for more informations contact me at abdel.akrim@gmail.com.
Checks the correlation between 10 of the Major Currency pairs. Currency pairs includes: EURUSD, AUDJPY, AUDUSD, EURGBP, EURJPY, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY.
Uses Exponential Moving Average to compare the strength relationship between the currencies.