rmireland63

8 Pair Strength - updated by rmireland for CHF/EUR/GBP

Currency Strength meter

First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and color coded results against pairs.

I feel this makes the results easier to interpret. The darker the color the stronger the asset.

As Pine Script only allows a maximum of outputs, I have split this into 2 Scripts to cover all 28 pairs.

8 Pair Strength - AUD/CAD/NZD/USD for AUD/CAD - AUD/CHF - AUD/JPY - AUD/NZD
AUD/USD - CAD/CHF - CAD/JPY - NZD/CAD
NZD/CHF - NZD/JPY - NZD/USD - USD/CAD
USD/CHF - USD/JPY

8 Pair Strength - CHF/EUR/GBP for CHF/JPY - EUR/AUD - EUR/JPY - EUR/CAD
EUR/CHF - EUR/NZD - EUR/GBP - EUR/USD
GBP/AUD - GBP/CAD - GBP/CHF - GBP/JPY
GBP/NZD - GBP/USD


Enjoy
Remove from Favorite Scripts Add to Favorite Scripts
Below is both scripts on a 2 panel page set to 1 hour.
Take a quite a few seconds to load so be patient.
Open a new tab for pair chart.

Try changing the 80 to 95 on "CHF_DOWN and JPY_DOWN ? color(red,80) : CHF_UP and JPY_UP ? color(green,80) lines 180-201.
these show when both asset strengths are either going UP or DOWN at the same time
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