understanding of the weakness and power of every money is very important for every trader at the Forex market. This currency strength index measures the strength of eight big currencies (USD, EUR, GBP, CHF, JPY, CAD, AUD, NZD) depending on the Relative Strength Index (RSI) index. The PipTick Currency Strength indicator shows in a simple and accessible form when the currency is in the overbought, oversold or “normal” zone. So you can easily determine that pair is the strongest and which is the weakest.

The indicator is calculated from 28 currency pairs and operates on every MT platform. The PipTick CSI indicator uses only 7 currency pairs to calculate the remaining 21 pairs. For the indicator to work correctly in the MetaTrader platform, only these seven pairs are required: EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF and USDCAD.

Note: If the indicator is used in the strategy tester, data for all currency pairs should be downloaded from the Quote Archive before starting the simulation (