Have you ever wondered which currency is moving a pair?
For instance, if you see EURUSD go up, then is it because the EUR is getting stronger or because the USD is getting weaker?
Well, this nifty little indicator will tell you in a blink of an eye!
The indicator shows the relative strength of eight major currencies by comparing each currency with all the other ones, and presents the result in an easy to interpret graphical way.
Alerts, Notifications and Emails can be set on a range of scenarios. (see settings)
Also, if only 2 currencies are selected, a button to open a chart of that pair can be displayed.
This is a very convenient feature because now you won’t have to go through the pairs list to find this pair.
The currencies are: EUR, USD, GBP, JPY, CHF, AUD, CAD and NZD.
- Number of Bars : how many bars to calculate and show. Default is 500.
- Pairs Prefix : if your pairs have any prefix, enter it here. Example x.EURUSD –> enter “x.”
- Pairs Suffix : if your pairs have any suffix, enter it here. Example EURUSD.m –> enter “.m”
- Show “Open Chart” button : if only 2 currencies are selected, a button to open a chart of that pair will be displayed.
- Initial Selection: (drop down list)
- Reset to Default: will load the below DEFAULT Selections.
- Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
- Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
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- Reset to Default: will load the below DEFAULT Selections.
- Synchronize with Pair and TF : the currencies and time frame are automatically selected and will match the pair on which you apply the indicator.
- Keep Selection on Chart Change: When the Chart is changed (Time Frame or Pair), then all current selected Currencies, Time Frame and Period of the Indicator are kept.
DEFAULT Selections
- Select Time Frame
- Default Period
- Select EUR
- Select USD
- Select GBP
- Select JPY
- Select CHF
- Select AUD
- Select CAD
- Select NZD
DEFAULT Selections
- Select Time Frame
- Default Period
- Select EUR
- Select USD
- Select GBP
- Select JPY
- Select CHF
- Select AUD
- Select CAD
- Select NZD
ALERTS
- Alerts, Notifications and Emails : ENABLED/DISABLED –> ENABLES or DISABLES all Alerts, Notifications and Emails.
- Show Alert : YES/NO
- Send Notification : YES/NO
- Send Email : YES/NO
Next settings repeat for all eight currencies:
- Only When Selected : YES/NO –> If YES then only alerts if the currency is selected with the Checkbox. If NO, checked or not checked doesn’t matter.
- EUR Alert Settings : All OFF/All ON/Use Below –> for below 8 settings.
- Crossing Oversold from Below : YES/NO
- Crossing Oversold from Above : YES/NO
- Crossing 50 from Below : YES/NO
- Crossing 50 from Above : YES/NO
- Crossing Overbought from Below : YES/NO
- Crossing Overbought from Above : YES/NO
- Crossing Other Curr from Below : YES/NO –> Only if that other currency is selected!
- Crossing Other Curr from Above : YES/NO –> Only if that other currency is selected!
COLORS