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Coded in PineScript, this indicator plots equally-weighted and isolated currency strengths.

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lewinhafner/Forex-Isolated-Currency-Strengths

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Forex-Isolated-Currency-Strengths

Coded in PineScript, this indicator plots equally-weighted and isolated currency strengths by averaging currency baskets. As of August 28th 2020, the following currencies are supported:

• USD • CHF • EUR • GBP • JPY • CAD • AUD

Generally, the higher the divergence of two isolated currencies, the greater the Risk/Reward ratio when betting on a reverse in trend.

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Coded in PineScript, this indicator plots equally-weighted and isolated currency strengths.

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