OPEN-SOURCE SCRIPT
CSI - Currency strength indicator RSI 10
This 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
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
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.