Currency StrengthThis innovative Currency Strength Indicator is a powerful tool for forex traders, offering a comprehensive and visually intuitive way to analyze the relative strength of multiple currencies simultaneously. Here's what makes this indicator stand out:
Extensive Currency Coverage
One of the most striking features of this indicator is its extensive coverage of currencies. While many similar tools focus on just the major currencies, this indicator includes:
Major currencies: USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD
Additional currencies: CNY, HKD, KRW, MXN, INR, RUB, SGD, TRY, BRL, ZAR, THB
This wide range allows traders to gain insights into a broader spectrum of the forex market, including emerging markets and less commonly traded currencies.
Unique Visual Presentation
The indicator boasts a clear and user-friendly interface:
Each currency is represented by a distinct colored line for easy identification
A legend is prominently displayed at the top of the chart, using color-coded labels for quick reference
Users can customize which currencies to display, allowing for a tailored analysis
This clean, organized presentation enables traders to quickly grasp the relative strengths of different currencies at a glance.
Robust Measurement Methodology
The indicator employs the True Strength Index (TSI) to calculate currency strength, which provides several advantages:
TSI is a momentum oscillator that shows both trend direction and overbought/oversold conditions
It uses two smoothing periods (fast and slow), which helps filter out market noise and provides more reliable signals
The indicator calculates TSI for each currency index (e.g., DXY for USD, EXY for EUR), ensuring a comprehensive strength measurement
By using TSI, this indicator offers a more nuanced and accurate representation of currency strength compared to simpler moving average-based indicators.
Customization and Flexibility
Traders can fine-tune the indicator to suit their needs:
Adjustable TSI parameters (fast and slow periods)
Ability to show/hide specific currencies
Customizable color scheme for each currency line
Practical Applications
This Currency Strength Indicator can be used for various trading strategies:
Identifying potential trend reversals when a currency reaches extreme overbought or oversold levels
Spotting divergences between currency pairs
Confirming trends across multiple timeframes
Enhancing multi-pair trading strategies
By providing a clear, comprehensive, and customizable view of currency strength across a wide range of currencies, this indicator equips traders with valuable insights for making informed trading decisions in the complex world of forex.
Moedas
Forex Relative Strength MatrixTraders often feel uncertain about which Forex pair to open a position with. This indicator is designed to help in that regard.
This indicator was created as described in the book Swing Trading with Heiken Ashi and Stochastics. In the original, the author suggests using it for swing trading. The author recommends applying it to a monthly chart with an 8-period moving average to analyze the context.
The logic of the indicator is to measure the relative strength of each currency by checking if the price of each Forex pair is above or below a chosen moving average. If the price is above the moving average, the base currency is awarded 1 point, indicating strength. If below, it scores 0, indicating weakness. By accumulating points across multiple pairs, the indicator ranks currencies from strongest to weakest, helping traders identify potential pairs for trading.
Trend Identification:
After identifying relative strength, the trader should observe the general trend using a 100-period SMA on 4-hour charts. If the price is above the SMA, the trend is bullish; if below, it is bearish.
Buy Logic:
A buy is triggered when the base currency is strong (price is above the moving average) and the quote currency is weak (price is below the moving average). After identifying the trend direction, the entry is confirmed by a color change in Heiken Ashi candles (from red to green in an uptrend) and a stochastic crossover in the trend’s direction.
Sell Logic:
A sell is triggered when the base currency is weak (price is below the moving average) and the quote currency is strong (price is above the moving average). The sell entry is confirmed by a color change in Heiken Ashi candles (from green to red in a downtrend) and a stochastic crossover aligned with the trend.
Entry Chart:
The entry chart used is the 4-hour chart. The trader should look for entry signals following a pullback in the trend direction, using Heiken Ashi candles. Entry is made when the Heiken Ashi candles change color (from red to green in an uptrend) and there is a smooth crossover of the stochastic indicator in the trend’s direction.
It would also be possible to adapt the indicator for day trading strategies with targets of 1 to 2 days. Here is a recommended setup:
Relative Strength Identification (1-Hour Chart):
Instead of monthly charts, use a 1-hour chart to identify currency strength with a 20-period moving average.
The 20-period moving average on the 1-hour chart captures a balanced view of short- to medium-term direction, covering nearly a day’s worth of trading but with enough sensitivity for day trading.
General Trend (5-Minute Chart with 100 SMA):
On the 5-minute chart, observe the 100-period SMA to identify the general trend direction throughout the day.
Price above the 100 SMA indicates an uptrend, and below indicates a downtrend, confirming the movement in shorter timeframes.
Entry Chart and Signals (5-Minute Chart):
Use the 15-minute chart to look for entry opportunities, focusing on pullbacks in the main trend direction.
Entry Signals: Enter the position when Heiken Ashi candles change color in the trend direction (from red to green in an uptrend) and the stochastic indicator makes a smooth crossover in the trend’s direction.
In Chart Currency TickersQuick View of Multiple Currencies & Gold Price on Chart
In Chart Currency Tickers will help quick view of Multiple Currencies (Up/Down points & Percentage), you can change symbols on settings as per your requirement
മെയിൻ കറൻസികളും സ്വർണവിലയും റിയൽ ടൈം മോണിറ്റർ ചെയ്യുന്നതിനും മാർക്കറ്റ് സെന്റിമെൻറ് അറിയുന്നതിനും അതിനനുസരിച്ച് ട്രേഡിങ്ങ് ഡിസിഷൻ എടുക്കുന്നതിനും നിങ്ങളെ സഹായിക്കുന്നു
Happy Trading to All..!!!
Asif Kerim Naduvilaparambil
Relative Currency StrengthOur Indicator “Relative Currency Strength” offers an insight into the strength behind the quote and base currency of any Major/Minor Forex Instruments.
Every Forex Instrument is a relative conversion factor between two currencies - a quote currency and a base currency. This indicator calculates the strength for each of the currencies using predefined major Forex pairs to gauge the strength of the underlying Currency. If you are unfamiliar with how a Forex instrument is calculated we will provide an informational link at the end of the description.
This description will provide a High Level description of how our Indicator identifies and visualizes Relative Currencies Strength, followed by how to use the Indicator in your trading. At the end we would like to introduce our team and experience.
High Level Description of “Relative Currency Strength”:
Our indicator dissects the Forex Instrument into 2 values based on the Quote and Base Pair. The indicator uses 5 predefined Forex instruments per currency to calculate the Currency strength. For example, EURUSD forex instrument will display 2 values: EUR as a Quote value and USD as the Base value. Our indicator will use 5 Major Forex Instruments to gauge the strength of EUR, and another 5 Major Forex Instruments to gauge the strength of USD.
Visualisation:
The Base currency is the Blue line and the Quote Currency is the Yellow Line.
The area between the lines will be colored in either Gray, Green or Red - this area will be referred to as “Strength Area”.
If the Base currency is greater than the Quote currency, then the Strength area will be either Gray or Green.
If the Base currency is less than the Quote currency, then the Strength area will be either Gray or Red.
The color of the Strength area changes color depending on the Base/Quote Spread. If the Spread is Small, then the Strength Area is Gray.
If the Spread is wide, then the the accent of the color will be light, otherwise the accent of the color will be dark.
How to use it:
This Indicator is best used as a Trendfollowing Indicator.
For example, if the Strength Area turns Green and you have Bullish confluence on your Trade like a Bull flag, then this would provide an opportunity to enter a Long position and wait until the Strength Area either turns gray or dark green.
Looking at the Base and Quote Lines, will also give you a feeling if both parts of your currency are contributing to your anticipated Price change. That being said, if the base currency line is increasing and the quote currency line is decreasing, then that suggests that the both currencies are contributing to the Price change and hence increasing the probability of a major price Change.
Time frame:
This indicator is programmed to be used on all Timeframes.
Instruments:
Following Currencies will be calculated:
USD
EUR
GBP
NZD
AUD
CHF
JPY
CAD
XAU
XAG
SGD
SEK
NOK
This Indicator will work on all Instruments with at least one of these Currencies.
Our Team:
We are a team of 3 Traders with a combined experience of 40 years. We are using our experiences from the market to create Indicators to Visualize the most relevant Patterns to us in our trading today. Our goal is to reconstruct these patterns to match our understanding of the market and to simplify the process of creating reproducible trading Strategies.
Information Links:
www.investopedia.com
Currency PairsHello All,
This script shows comparisons between major currencies for the specified time frame. it checks the change since the last bar and set the background and text color.
You can change time frame and background & text colors. you can also change the location of the table as you wish.
in the following example, the script was added to the chart two times, "4 hours" and "Day" time frames used. also changed the colors.
Enjoy!
NVME Currency Strength ProNVME Currency Strength Pro was made to help confirm the trends, to help stay in winning positions longer and to help you get out of losing trades sooner. So why is ours unique? The answer is simple, unlike other currency strength indicators, ours loads in 2 seconds rather than 15 seconds or longer, which will cause less frustration when changing settings. Also, we have done a different approach to the usual line base for the currency strengths, with ours we have made implemented it with our module and used the data provided to create a price following bubble and oscillator that shows you what is in an uptrend or a downtrend. There are multiple options for you to customise and it is really easy to use and understand.
The steps to follow for using this indicator since data will be inputted manually:
1) Goto settings and change pair id 's input to the pair that you are currently analysing.
2) Change pair id 's input to a pair that begins with the ending of the first pair, for example 1st pair is EURUSD so 2nd pair would be any USD pair.
3) Play around with the calculation module pre-sets and the length settings to find what you like the look off.
4) Enjoy :)
NVME Currency Strength Pro works well with NVME Vanquisher X Algorithm and NVME Oscillator X.
Rate ConverterThis is a simple rate converter that can convert almost anything into almost anything else. It supports cryptocurrencies, currencies and most commodities.
On the chart we see the following:
USD (US Dollar) into EUR (Euro) as a candle stick chart
WTICO (West Texas Intermediate Crude Oil) into ISK (Icelandic Krona) as a bar chart
ADA (Cardano) into JMD (Jamaican Dollar) as a line chart
XPT (Platinum) into XAG (Silver) as a scatter plot
It supports plotting the rates as japanese candlesticks, bars, lines, or as a scatter plot.
MACD With Trend Filter: Visual Backtest Module TemplateSample Strategy: MACD Crossover with trend filter options
MA Filter : Price Close Above MA, Search for Buy, Price Close Below MA, Search for Sell
ADX Filter : Take trade only when ADX is above certain treshold
MACD Signal : MACD Cross above signal line while under 0 line indicate Buy Signal
MACD Cross below signal line while above 0 line indicate Sell Signal
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Using Alert Module:
Enable Alert --> Enable TV's alert and plot signal to chart
Alert Type --> Set to take Buy only, Sell only or Both alert
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Using Backtest Module:
Enable Backtest --> Enable Backtest simulation
Backtest Type --> Set to take Buy only, Sell only or Both
SL Type -->
ATR : Set SL in ATR times Multiplier below/above entry price
Fixed : Set SL in fixed point below entry point (in 'Dollar'). e.g. for Stocks -> 0.5 equals to 50cent while for EURUSD currency -> 0.005 equal to 50 pips
HiLo Bar : Set SL at highest/lowest wick of previous bar plus/minus Fixed point. e.g. EURUSD HiLo=3 and Fixed Point = 0.0005, buy trade will place SL 5 Pips below lowest of previous 3 bar
SL ATR Period --> Set Lookback Period used for SL's ATR calculation
SL ATR Multi --> Set ATR Multiplier for SL
SL Fixed --> Set Fixed Level for SL (Use when SL Type is either Fixed or HiLo Bar)
SL Bar --> Set Number of previous bar to check for SL placement
TP RR Ratio --> Set TP based on RR multiplier. e.g. 2 means TP level will be twice further from entry point compared to Entry-SL distance.
Notes: The point is for preliminary testing, so it only supports 1 trade at a time and no Trailing Stop
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Disclaimer:
This script main objective is to create my personal indicator template so that i just have to modify the indicator module for preliminary testing in future.
Testing Alert Module so i can re-use it as template in future study/indicator
Testing Visual Backtest Module so i can re-use it as template in future study/indicator
i believe using Strategy function is a better approach for this but the entry/exit level seems to be hit n miss (at least for me, still trying to figure what i did wrong)
also, i rather code the strategy in other platform where i can use the more accurate tick data if i want to validate backtest statistics.
My study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy.
credit: ADX code are originally from "ADX and DI" by @BeikabuOyaji although i re-wrote so i can have cleaner read and use RMA instead of SMA
Mean Reversion Channel - (fareid's MRI Variant)Description :
Mean Reversion Channel objective, based on Mean Reversion theory ( everything has a tendency to revert back to its mean), is to help visualizing:
Inner Channel -> Dynamic Support and Resistance
Outer Channel -> Overbought/Oversold Zone which may signal consolidation phase or potential reversal due to unsustainable move
Details on some of the filtering type used for mean calculation can be read in Ehlers Technical Papers: "Swiss Army Knife Indicator" and/or his book "Cybernetics Analysis for Stock and Futures"
Disclaimer:
These study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy.
Any ideas to further improve this indicator are welcome :)
8 Pair StrengthCurrency Strength meter
This is a stripped down version of the "8 Pair Strength - updated by rmireland for CHF/ EUR/GBP" and "8 Pair Strength - updated by rmireland for AUD/CAD / NZD/USD"
which give a Heat-map of all Pairs
First created by Glaz in 2015 and updated a few times by JustUncleL in 2017 , I have stripped out the plot functions and Heat Mapped the currencies
Enjoy and comments welcome
ps : The bottom window is the original 8 Pair Strength code with columns added for better clarity and ray coming off the previous points to show movement from the previous to the current
Noldo CFTC COT Forex IndicatorHello.
I decided to publish the COT Forex Indicator, which I created for convenience, as an open source.
The period DXY is determined by the differences between the two signals on the Pivot Reversal Strategy on the weekly chart.(1W)
Thus, relative period point search is automated.
When the new signal comes, after the closing, the number of bars between the previous bar before the new signal comes both directions.
This elapsed time is our period in which we will look back on relative changes.
If there is no signal, the period remains constant, thereby allowing us to notice excessive changes.
And in this period, COT data exchange and price changes are reflected in the terminal.
The automatic time-keeping of the period and the automatic generation of the relative differences of the terminals according to the period prevents a great loss of time.
Thus, we create one of the strong columns that enable us to make decisions.
The other column is the signals we obtained as a result of technical analysis.
The last column is the economic agenda and data tracking.
That's why I made my decision to share this:
Real life should not be distracted,
should not be drowned in the sea of technical analysis.
COT data is one of the most important and valuable tools that bring us signs of real life,
It should not be forgotten !
A lot of time is lost while doing these analyzes, and I wanted this to be much more practical and tidy!
And we can see if there are factors that will back up our incoming signals.
Usage
This script works only on DXY .
You must open DXY.
It only works on 1W graphics.
Because COT data is announced on Tuesday, it will cause repaint every Tuesday.
However, since it is a terminal, this factor is not strong enough to affect your decisions.
For use, you should open the bottom panel, go a little to the right in the history section and enlarge the panel you have opened.
The terminal will take its form in the presentation and provide analysis on the big screen.
COT data are pulled via Quandl.
General kind request:
Authors who know the technical broad expression of the security function or have an idea about its creation, please reach me.
Best regards.
Basic Forex TerminalHello,
This script is a simple Forex terminal.
It serves the same purpose as Heatmaps.
You can also set the period to look back manually in the menu.
Major indicators are taken into account.
In this way, an idea can be obtained about all major and minor currencies.
Best regards.
Live Mini Terminal 5 : MSCI Emerging Countries Change DataThis script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in MSCI Emerging Countries against U.S Dollar.
Concept and design were inspired by the data terminals used by commercial traders.
Period selection can be set in the menu.
This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts.
Or you can set the period manually from the menu.
For more information about adaptive period:
This script works only for 1 day (1D) and 1 week (1W) time frames.
The most efficient time frame is 1 week (1W) because of countries' different time-zones .
Features
Value changes on a percentage basis (%) .
10-year government bond yields of the countries are given in the information panel.
In the information panel, the percentage values of the 10-year interest rates of the countries according to the adaptive period or the standard adjustable period are given.
INSTRUMENTS
DXY : U.S Dollar Index
BRL : Brazilian Real
CNH : Off-Shore Chineese Yuan (RMB)
INR : Indian Rupee
IDR : Indonesian Rupiah
RUB : Russian Ruble
TRY : Turkish Lira
MXN : Mexican Peso
ZAR : South African Rand
TWD : Taiwan New Dollar
PLN : Polish Zloty
Info Panel
NOTE :
* In Mexico and Russia, 10-year bond yields were not taken into account as there was no correct provision.
If data added to the site, it will be added to the system and updated.
Info Panel List
US10Y : US Government Bonds 10 Year Yield (%) and percentage change over the specified period.
BR10Y : Brazil Government Bonds 10 Year Yield (%) and percentage change over the specified period.
CN10Y : China Government Bonds 10 Year Yield (%) and percentage change over the specified period.
IN10Y : India Government Bonds 10 Year Yield (%) and percentage change over the specified period.
ID10Y : Indonesia Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NZ10Y : New Zealand Government Bonds 10 Year Yield (%) and percentage change over the specified period.
TR10Y : Turkey Government Bonds 10 Year Yield (%) and percentage change over the specified period.
SA10Y : South Africa Government Bonds 10 Year Yield (%) and percentage change over the specified period.
TW10Y :Taiwan Government Bonds 10 Year Yield (%) and percentage change over the specified period.
PL10Y :Poland Government Bonds 10 Year Yield (%) and percentage change over the specified period.
USAGE
The script can be used as an indicator by putting it under the chart as shown above.
It is necessary to enlarge to see clearly.
Since it is not often looked at,such use is the best method for healthy interpretation.
Regards.
Live Mini Terminal 4 : G10 Developed Countries Change DataThis script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in G10 Developed Countries against U.S Dollar.
Concept and design were inspired by the data terminals used by commercial traders.
Period selection can be set in the menu.
This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts.
Or you can set the period manually from the menu.
For more information about adaptive period:
This script works only for 1 day (1D) and 1 week (1W) time frames.
The most efficient time frame is 1 week (1W) because of countries' different time-zones .
Features
Value changes on a percentage basis (%)
10-year government bond yields of the countries are given in the information panel.
In the information panel, the percentage values of the 10-year interest rates of the countries according to the adaptive period or the standard adjustable period are given.
INSTRUMENTS
DXY : U.S Dollar Index
JPY : Japanese Yen
EUR : Euro
GBP : British Pound
AUD : Australian Dollar
NZD : New Zealand Dollar
CAD : Canadian Dollar
CHF : Swiss Franc
NOK : Norwegian Krone
SEK : Swedish Krona
Info Panel
NOTES :
* Germany was chosen because it had the most dominant and decisive economy for the Euro Zone.
* Swiss interests are generally not considered as they are minus and close to 0.
Info Panel List
US10Y : US Government Bonds 10 Year Yield (%) and percentage change over the specified period.
JP10Y : Japan Government Bonds 10 Year Yield (%) and percentage change over the specified period.
DE10Y : German Government Bonds 10 Year Yield (%) and percentage change over the specified period.
GB10Y : UK Government Bonds 10 Year Yield (%) and percentage change over the specified period.
AU10Y : Australia Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NZ10Y : New Zealand Government Bonds 10 Year Yield (%) and percentage change over the specified period.
CA10Y : Canadian Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NO10Y : Norway Government Bonds 10 Year Yield (%) and percentage change over the specified period.
SE10Y : Sweden Government Bonds 10 Year Yield (%) and percentage change over the specified period.
USAGE
The script can be used as an indicator by putting it under the chart as shown above.
It is necessary to enlarge to see clearly.
Since it is not often looked at,
such use is the best method for healthy interpretation.
Live Mini Terminal 3 : Relative Forex & Futures Change DataThis script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in the rest liquid futures.
It was inspired by the data terminals used by commercial traders.
Period selection can be set in the menu.
This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts.
Or you can set the period manually from the menu.
For more information about adaptive period:
This script works only for 1 day (1D) and 1 week (1W) time frames.
Since COT data is used, the most efficient time frame is 1 week (1W) .
Features
Value changes on a percentage basis (%)
Commitment of Traders position changes on a percentage basis :
Net position percentage is calculated as Short - Long and there is no inverse relationship.
Direct relationship is provided.
Due to the advantage of movement, future data were drawn instead of spot values on the required instruments.
The script provides the opportunity to comment on all major and minor Forex parities with liquid futures.
INSTRUMENTS
Euro Futures (EURUSD)
British Pound Futures (GBPUSD)
Canadian Dollar Futures (CADUSD)
Swiss Franc Futures (CHFUSD)
Australian Dollar Futures (AUDUSD)
New Zealand Dollar Futures (NZDUSD)
Corn Futures
Soybeans Futures
Sugar Futures
Wheat Futures
Copper Futures (XCU)
Platinum Futures (XPT)
Position Change InfoPanel
Position definition for the related instruments and data were taken and the calculations were made.
USAGE
The script can be used as an indicator by putting it under the chart as shown above.
It is necessary to enlarge to see clearly.
Since it is not often looked at, such use under chart is the best method for healthy interpretation.
Regards.
Is Open equal to High or LowMany people are watching opening price on each time axis. Opening price is very important.
This indicator displays OHLC Open as a line in multiple time frame.
If open is close to high or low, the color of the line changes.
The fact that they are close means the strength of the market flow and the firmness of that price range.
Note:
The color of the line will not be fixed until bar is closed.
And when using, please set arbitrary coefficient according to each market.
Coefficient e.g.
EURUSD: 0.00005
BTCUSD: 1
DJI: 5
BTCJPY: 100
USDJPY: 0.01
NI225: 2
4X Global Currency BarometerNOTE: This is an invite-only script for paying 4X Global Members.
When you request access, please provide your 4X Global username. I cannot provide access until I cross-check your 4X Global account to verify that you have one and that it is active.
If you are not a 4X Global member and want access; a 4X Global Membership is only $19 per month. You can read more: Click Here
This is a very close copy of the 4X Global Currency Barometer. I had this indicator made several months ago and I agreed to host/manage access for paying 4X Global Members (I'm hoping TradingView will release an API at some point). Until then, I have to manually provide access and cross check my list each month... ugg. Please be patient if it takes me a few days to provide access.
Why isn't this indicator exactly the same as the 4X Global version? Pinescript isn't powerful enough yet. The versions that run in the Traders Desktop requires several servers per barometer. The amount of data is massive. They also use multiple time frames, etc... That said, this version is pretty darn close. Just cross check with the Traders Desktop versions from time to time.
NOTE: this indicator requires up to 2 minutes to load. Why, it has to populate all of the remote data before it can draw the indicator. The indicator requires a reload every time you change the time interval. Another good reason to use the Traders Desktop versions when you need a quick look, they load instantly.
How to use this indicator
Option 1 - The easiest way to set this indicator up is to find one of my posts and select the 'make this chart mine' option. Then save the chart as a template. Then you can change the time intervals as needed and the indicator is ready to go.
Option 2 - I you prefer the manual option - load the indicator, move the indicator sub-window to the top, minimize the price chart window at the bottom, adjust the lines as preferred (i.e. thickness, type, etc...) and add a legend at the top of your chart using 'anchored text'. You must use anchored text or your labels will move with the prices. Please use Option 1, it's much easier.
Helpful Tips
A 20 minute chart with an input of '8' will be close to the Short Term Barometer
A 90 minute chart with an input of '5' will be close to the Med Term Barometer
A 4 hour chart with an input of '7' will be very close to the Long Term Barometer
Beyond that, just experiment and have fun. If you find a setting or option that you think is useful, please share it with your fellow 4X Global Members.
Please direct any/all support question to me. Yes, I agreed to that too... :P
This is not investment advice, just my opinion(s). Please trade accordingly.
Trade safe and keep an eye on news.
Pairs Volume FXCM mini accountScript shows the volume of the currency pairs in the FXCM mini account. I set it daily or weekly to see which pair is picking up in activity. My style of currency trading is short holds on the highest volatility. This helps me determine which pairs have the highest volume (or tick activity since there is no true exchange for currency). I use this in conjunction with the other script I wrote, "Pairs Range" which shows which pairs have the highest daily range. This script has a built in 5-sma on each pair. High daily range and high volume is volatility and liquidity. **** This does not include currencies in CHF ****
