Currency strength analyzer (USD Version) — Indicator by EilderJorgeGarcia

This script is for gauging the overall strength of a currency in the market, it's similar to an index, but it's calculated differently and allows for customization to some degree.

Due to pine script limitations It will be necessary to create one script per currency. This is the USD version.

If anyone knows the exact category where this script belongs, feel free to tell me, I think it belongs somewhere between volatility and trend analysis.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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