Get started
INVITE-ONLY SCRIPT

TIL Currency Strength Index

622
Trading Indicator Lab’s Currency Strength Index for TradingView is a “multitool” of currency indices. It can calculate the strength index of major currencies namely:

- US Dollar (USD)
- Euro (EUR)
- British Pound (GBP)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
- Canadian Dollar (CAD)
- Australian Dollar (AUD)
- New Zealand Dollar (NZD)

Instead of using traditional formulas for index such as the Dow Jones FXCM Dollar Index, the Currency Strength Index indicator uses a close formula that factors in all the 8 currencies to calculate a whole and accurate representation of each currency’s strength.

Inputs

- Currency – allows the user to select one of 8 currencies to calculate and display its strength index. Choices are USD, EUR, GBP, CHF, JPY, CAD, AUD, and NZD.
- Bullish Candle Color – sets the color of bullish candlesticks in the index
- Bearish Candle Color – sets the color of the bearish candlesticks in the index

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact tradingindicatorlab directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Please feel free to send us a private message here on TradingView to gain access to this indicator.

Warning: please read our guide for invite-only scripts before requesting access.

tradingindicatorlab
Also on:
currencyanalysiscurrencyindexcurrencystrengthcurrencytradingforexanalysisstrengthTrend Analysis

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.
currencyanalysiscurrencyindexcurrencystrengthcurrencytradingforexanalysisstrengthTrend Analysis

Invite-only script

Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact tradingindicatorlab directly.

TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.

Author's instructions

Please feel free to send us a private message here on TradingView to gain access to this indicator.

Warning: please read our guide for invite-only scripts before requesting access.

tradingindicatorlab
Also on:

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.