RicardoSantos

[RS]Multiple Majors Currency Basket Power Oscillator V0

Power oscillator to discern what currency's are stronger/weaker.
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//@version=2
study(title='[RS]Multiple Majors Currency Basket Power Oscillator V0', shorttitle='P', overlay=false)
USE_TF = input(title='Use Alternative Timeframe?', type=bool, defval=false)
tf = input(title='Alternative Timeframe:', type=string, defval='D', confirm=false)

eurusd = security('EURUSD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
eurgbp = security('EURGBP', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
eurjpy = security('EURJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
euraud = security('EURAUD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
eurcad = security('EURCAD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
eurchf = security('EURCHF', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

usdeur = 0 - eurusd
usdgbp = security('1/GBPUSD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
usdjpy = security('USDJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
usdaud = security('1/AUDUSD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
usdcad = security('USDCAD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
usdchf = security('USDCHF', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

gbpeur = 0 - eurgbp
gbpusd = 0 - usdgbp
gbpjpy = security('GBPJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
gbpaud = security('GBPAUD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
gbpcad = security('GBPCAD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
gbpchf = security('GBPCHF', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

jpyeur = 0 - eurjpy
jpyusd = 0 - usdjpy
jpygbp = 0 - gbpjpy
jpyaud = security('1/AUDJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
jpycad = security('1/CADJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
jpychf = security('1/CHFJPY', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

audeur = 0 - euraud
audusd = 0 - usdaud
audgbp = 0 - gbpaud
audjpy = 0 - jpyaud
audcad = security('AUDCAD', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)
audchf = security('AUDCHF', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

cadeur = 0 - eurcad
cadusd = 0 - usdcad
cadgbp = 0 - gbpcad
cadjpy = 0 - jpycad
cadaud = 0 - audcad
cadchf = security('CADCHF', USE_TF ? tf : period, change(close) > 0 ? 1 : change(close) < 0 ? -1 : 0)

chfeur = 0 - eurchf
chfusd = 0 - usdchf
chfgbp = 0 - gbpchf
chfjpy = 0 - jpychf
chfaud = 0 - audchf
chfcad = 0 - cadchf

eur_power = eurusd + eurgbp + eurjpy + euraud + eurcad + eurchf
usd_power = usdeur + usdgbp + usdjpy + usdaud + usdcad + usdchf
gbp_power = gbpeur + gbpusd + gbpjpy + gbpaud + gbpcad + gbpchf
jpy_power = jpyeur + jpyusd + jpygbp + jpyaud + jpycad + jpychf
aud_power = audeur + audusd + audgbp + audjpy + audcad + audchf
cad_power = cadeur + cadusd + cadgbp + cadjpy + cadaud + cadchf
chf_power = chfeur + chfusd + chfgbp + chfjpy + chfaud + chfcad

plot(title='EUR', series=eur_power, color=color(black, 0), linewidth=0)
plot(title='USD', series=usd_power, color=color(maroon, 0), linewidth=0)
plot(title='GBP', series=gbp_power, color=color(navy, 0), linewidth=0)
plot(title='JPY', series=jpy_power, color=color(blue, 0), linewidth=0)
plot(title='AUD', series=aud_power, color=color(teal, 0), linewidth=0)
plot(title='CAD', series=cad_power, color=color(yellow, 0), linewidth=0)
plot(title='CHF', series=chf_power, color=color(red, 0), linewidth=0)
That's very helpful, if taken pair by pair
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Updated Version:
[RS]Multiple Majors Currency Basket Power Oscillator V1
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We might as well add NZD, good work overall
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Bullcrazy PRO Bullcrazy
Also could make the navy line orange and if you add any other currencies they could be dotted lines. It's late and I'm rambling.... been coding in MT4 all night
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this are the currency's that are considered as major's, adding other currency's is not that hard tho, so its easy to modify if anyone interested in using another pool of currency's. colors and line type can be changed from the style tab in the indicator options panel.
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Bullcrazy PRO RicardoSantos
Oh I thought NZD was a major as well, and I understand the colors can be changed I'm just stating that having two blues can be confusing so I was offering a suggestion to help with the confusion of the default settings but hey it looks great overall.
completecurrencytrader.com/tools/currency-strength-indicator/
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