Quantum Currency Strength Indicator (CSI)If there is only one TradingView indicator you ever buy for trading forex – this has to be it.
Your success as a forex trader depends on being able to identify when a currency or currency pair is oversold or overbought. If it is strong or weak. It is this concept which lies at the heart of forex trading. Without the Quantum Currency Strength indicator, it’s almost impossible. There are simply too many currencies and too many pairs to do this quickly and easily yourself. You need help. The Quantum Currency Strenght indicator breaks this complex market down into the building blocks, the currencies themselves, from which you can then identify quickly, clearly and easily those pairs offering the best opportunities, which to ignore for the time being, and which to add to your watchlist. It’s your radar on the currency market.
The Quantum Currency Strength indicator has been designed with one simple objective in mind. To give you a bird’s eye view of the eight major currencies. To show you in a simple, quick and easy way, when a currency is either oversold or overbought, rising or falling strongly, or just going nowhere.
To help you, the indicator defines the overbought and oversold regions for you, with a simple horizontal line. One near the top at 80, and the other near the bottom at 20. When a currency reaches the upper grey line, it’s approaching an overbought state, and when a currency touches the lower grey line, conversely it’s approaching an oversold state.
It is at these points a trend is likely to reverse, offering you low-risk trading opportunities. Something you could never do quickly or easily yourself.
It displays the eight currencies individually, giving you endless combinations of trading opportunities from scalping to swing and trend trading in all the various currency pairs and in every timeframe.
US dollar – red
Euro – orange
British pound – yellow
Swiss franc – green
Japanese yen – magenta
Canadian dollar – purple
Australian dollar – blue
New Zealand dollar – white
Whilst this concept is simple, its use is sophisticated, and one which you can apply in a variety of ways. In fact four very different, but equally powerful ways, all of which will help you make money, confidently and without emotion:
First – the indicator tells you when an individual currency is overbought or oversold. Strong or weak. Unlike some assets, currencies never go to zero. It is when they reach these extreme points, that currencies offer the lowest risk trading opportunities. These are the regions at which a currency is likely to reverse from a previous trend, giving you the potential to get into a low-risk trading position early.
Second – the indicator will also tell you when it’s time to exit. After all, if it’s good enough to get you in, it’s good enough to get you out as well.
Third – when the currencies are all bunched together in the middle of the indicator – guess what. It’s time to sit on the sidelines and wait.
Finally, take your trading to another level using multiple timeframes. After all, if a currency is moving higher, or lower, across three timeframes, then even more reason to take a low-risk trade, so using the indicator in multiple timeframes is key.
And if this wasn’t enough. There is even more!
You can configure the indicator to your own personal trading style. Think of it like the volume control on your radio. You adjust it to your own personal preference. Well it’s the same here. If you are a scalping trader, simply adjust one of the indicator settings to speed up the indicator. If you are a swing or trend trader, tweak the controls to slow it down a little – the choice is yours. More control means one thing – more consistency and greater profits.
After all, why buy an indicator that you cannot match to your trading style? It would be like buying a radio with no volume control.
That’s why we call them the next generation of trading indicators for TradingView.
The Quantum Currency Strength indicator works in all timeframes from seconds and ticks to minutes and months, and the colour of each currency line on the indicator can be changed to your own personal preferences.
Currency
Currency Rank Correlation Index -CRCICurrency Rank Correlation Index based below multi pair RCI average.
compare usd/eur/gbp/aud/jpy/cad/chf/nzd.
Use like Currency Strength Indicator -CSI :)
config label position only.(default 20/-100)
Forex Correlations HeatmapA utility tool to find linear relationships between major forex pairs and specified symbol.
Features
30 well known forex pairs (Pine Script has its limits and incomprehensible "study" errors)
Ability to specify any symbol to see correlations
Ability to specify a preferred timeframe
Ability to specify correlation lookback
Ability to specify different sources (standard prices, volumes, true range, double true range)
How to interpret
The darker the color, the stronger the correlation
Green colors mean positive correlations
Red colors mean negative correlations
Transparent colors mean no correlation or absence of the symbol data
How to get access
PM me for more details
Supported pairs
USDCAD
USDBRL
USDCHF
USDRUB
USDJPY
USDCNY
CADCHF
CADJPY
EURUSD
EURCAD
EURGBP
EURCHF
EURRUB
EURJPY
EURAUD
EURNZD
CHFJPY
GBPUSD
GBPCAD
GBPCHF
GBPJPY
GBPAUD
GBPNZD
AUDUSD
AUDCAD
AUDCHF
AUDJPY
AUDNZD
NZDUSD
NZDJPY
Other similar indicators of mine:
Crypto Correlations Heatmap
Forex Correlations
CSI - Currency strength indicator RSI 10This Indicator shows you the strength of the Currency in comparison for all other Main Currencys at the timeframe you choose.
The Currencys in this Indicator is: EUR, USD, GBP, CHF, AUD, CAD, JPY
The Base is the RSI (relative strength Indicator) with the following Currency pairs:
eurusd, eurgbp, euraud, eurjpy, eurcad, eurchf
usdeur, usdgbp, usdaud, usdjpy, usdcad, usdchf
gbpeur, gbpusd, gbpaud, gbpjpy, gbpcad, gbpchf
audeur, audusd, audgbp, audjpy, audcad, audchf
jpyeur, jpyusd, jpyaud, jpygbp, jpycad, jpychf
cadeur, cadusd, cadaud, cadgbp, cadjpy, cadchf
chfeur, chfusd, chfaud, chfgbp, chfjpy, chfcad
The letters in the LineChart:
EUR = E
USD = U
GBP = G
CHF = C
AUD = A
CAD = C
JPY = J
The CSI can help to see, if your trading pair have the potential to breakout on the support and resistance or if it more likely go back.
Some people say that the banks use this indicator.
NZD is missing there because Tradingview only support 6 variables.
If you have a solution for than, please let me know.
Thanks
WeTrade. Trend Alerts 2.0
Данные сигналы были созданы для понимания начала и разворота тренда. Не забывайте правило: The trend is your friend. Стрелки НЕ ПЕРЕРИСОВЫВАЮТСЯ. Как и большинство индикаторов, данный нуждается в поддержке тех. анализом и строгом алгоритме торговле. Используется для маржинальной торговли на криптовалютных парах BTC/USD, ETH/BTC 5.24% , ADA/BTC, BCH/BTC, LTC/BTC, а так же на валютных парах EUR/USD, GBP/USD. НЕ (!) используйте индикатор на инструментах, в которых идёт жёсткий флэт и сильные pump and dump. Такие монеты были созданы не для движения по тренду! А для использования робота и накачки!
Торговля по системе идёт со строгим управлением капиталом.
Советую использовать стратегию Мартингейла. Увеличивать позиции не более чем на 40%. С кредитным плечом до X10. Контролируйте свои риски. В этом главный успех.
Всем большого дохода!
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This alerts is created to understand the beginning and the reversal of the trend. Do not forget the rule: The trend is your friend. The arrows do not re-painting! Like most indicators, this one needs the support of technical analysis and strict algorithm of trade. Used for margin trading on BTC 0.97% / USD, ETH / BTC 0.97% , ADA / BTC 0.97% , BCH / BTC 0.97% , LTC / BTC 0.97% , and also in currency pairs like EUR/USD -0.05% , GBP/USD 0.10% . DO NOT (!) Use the indicator on tools, in which there is a rigid flat and strong pump and dump. Such coins were not created for movement on the trend! They are created for using a robot and pumping!
Trade in the system goes with strict management of capital.
Write comments, I will answer your questions.
Thank you.
MOMENTUM + strong vs weak momentumThis is a unique custom indicator that shows the real momentum of a currency
With this indicator you can easily trade the strong vs the weak momentum
Each line is a currency pair
aqua= eur
yellow=dollar
purple= pound
green=australian dollar
white=yen
orange=canadian dollar
if the square has one of these colors it means moment UP for this currency
If the square is red it means momentum down for the related currency
The trading signal is at the change of color from previous square against one other currency with opposite color
You can access this indicator for a trial period, just ask for access in comments
Trading is a risky business, i'm not responsible for any profit or loss
Currency StrengthRepublished: The original script violated house rules by including an external link to Backtest Rookies.
Background
The currency strength indicator takes up to 4 forex pairs and calculates the average strength across all pairs. The indicator uses the pair's daily percentage change to calculate the overall strength. For flexibility, it can accept any instrument as an input. This means you can use multiple instances to track various currency strengths. It was designed with the major pairs in mind but there is no reason why it cannot be used for other FX pairs.
Note: The indicator defaults to GBP. When setting it up for other currencies, be sure to flag whether the currency is a counter currency or not.
The code is provided free and open source. Please modify it as you see fit.
Screenshots
Defaults with Annotation
Yen strength beating pound strength
Opposing Trends
Ichimoku Cloud Score v1.0This script calculates a simple Ichimoku Score based on the signals documented here , with a few additions. Each of the score components can be individually weighted via the script inputs . The output is a plot of the normalized Ichimoku score, in the range of -100 to 100.
This script has been heavily modified from 'Ichimoku Cloud Signal Score v2.0.0 '. Credit to user 'dashed' for the initial implementation.
This has been modified with several refinements:
Clean/Organized Code
Simplified Inputs
Improved Style
Scores normalized to a range (-100, 100)
Bugfixes and Improvements
Script Inputs: i.imgur.com
Convert Yuan value symbols to USDIGNORE PREVIOUS SCRIPT/POST (titled: "yuan normiz")
If you like to look add symbols that are valued in China's Yuan and want to convert them to USD accurately then this is the perfect script for you.
"I'm not sure if this script is for me. Does my setup apply here?"
If either of these resemble your chart setup then this is for you:
Example 1: You have COINBASE:BTCUSD on your main chart often add to compare Bitstamp:btcusd and Okcoin:btccny.
Example 2: You have SPY or SPX (or DJIA etc) as your main chart but like to add other composites to compare like SSE(Shanghai Stock Exchange index) to your main chart.
This takes the symbol of your choice (default is BTCCHINA:BTCCNY) that is expressed in Yuan and divides it by the corresponding value of IDC's USDCNH ticker. Not the last value of USDCNH, but the respective tick mark----BTCCNY's close 3 months ago is divided by USDCNH's close 3 months ago.
yuan normizapply to symbols expressed/valued in Chinese Yuan to automatically divide the symbol by FX:USDCNH. For example, I like to apply OKCOIN:BTCCNY to my main BTCUSD chart to compare, but I'd like to have the value for BTCCNY converted to USD for each tick---whether USDCNY was 6.30 or 6.80.
This is a very narrow use script designed to be applied on top of of symbols (press the 'apply indicator' + sign button)
Euro/Dollar StrengthHey all,
I have been using this strategy for a while, just like my last script (XAG/USD Spread) this utilizes my 'holy grail' method of basket weighting (aka why the script is protected).
This script just looks for periods of time when the euro is gaining against a basket of currencies and the USD is losing vs the basket (and vice versa)
I use this script on the 4H time frame; although I can make this script work for almost any currency pair and time frame I have the most success with EURUSD 4H.
I personally use 3 of these 'strength meters' in triangular arbitrage for EU UJ and EJ
if I get good feedback and support I may publish the other 2 of the 'triangle' or even make a version that automatically detects the currency pair and adjusts settings accordingly.
Thanks for the feedback and support, hope this helps!
Snoop
Currency Strength IndicatorSimple but effective don't pay $300 for an MT4 indicator when you can use this for free. Feel free to make it your own!
[RS]Multiple Majors Currency Basket Power Oscillator V0Power oscillator to discern what currency's are stronger/weaker.
Currency Index Indicator The currency index represents the change in one currency by reference to all other
foreign currencies. The index is calculated by taking the average of the variations
in one currency by reference to the others. Represented in graphical form, it allows
for easy visualization of the individual trends in each currency.
The index of the currencies is a simple arithmetic average of the variation in each pair.
For each index, to have fixed the value 100 on 1 January 2000.