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FnM_Capital

Index Meter

FnM_Capital  
Oscillators Relative Strength Index (RSI)
49
0
oscillator relativestrengthindex
This is a currency index strength meter.

Plots Dollar index by default.
Switch between other indexes of the same pair you are trading.
Exotic pairs included.

This indicator helps you understand the broad dynamic strength of the currency as calculated from numerous other pairs as opposed to just the pair you are trading, giving you the advantage of anticipating a real turn in the market when other strength indicators are giving false turn signals.
You need a good understanding of trading with the help of indexes.
For those needing exotic pair indexes, this indicator will help you.

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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