Currency Strength Index by zdmre — Indicator by zdmre

trendanalysis currencystrength eurusd gbpusd audusd usdtry jpyusd cadusd forexstrength

Currency strength expresses the value of currency. For economists, it is often calculated as purchasing power, while for financial traders, it can be described as an indicator, reflecting many factors related to the currency; for example, fundamental data, overall economic performance (stability) or interest rates.

The method used in this indicator is its strength against the US Dollar (xxxUSD)

Currencies:
EUR
GBP
AUD
NZD
JPY
CNY
CAD
Your Symbol (Optionally) defval: TRYUSD

You can also optionally add a symbol. However, this unit must be in the form of xxxUSD

Release Notes:

Changed % (days in table) calculation.

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

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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