Forex Liquidity Map [invincible3]b]Forex Liquidity Glow Map
The Forex Liquidity Glow Map is a visual currency-rotation dashboard designed to estimate where relative strength and trading activity are moving across the major Forex market.
The indicator analyzes all 28 unique currency pairs formed from:
USD, EUR, GBP, JPY, CHF, CAD, AUD, and NZD
Instead of evaluating one pair in isolation, it combines information from every relationship connected to each currency. This produces an aggregated flow score for all eight currencies and helps identify the strongest and weakest areas of the Forex market.
Calculation Model
Each Forex pair is evaluated using:
• ATR-normalized price momentum
• Relative tick-volume activity
• Fast-versus-slow trend structure
• Volatility expansion
• Directional breadth
• Score smoothing
• Flow acceleration
A positive pair score strengthens the base currency and weakens the quote currency. A negative pair score strengthens the quote currency and weakens the base currency.
Each currency’s final score is calculated from its seven connected pair relationships.
Because spot Forex is decentralized, the indicator uses PulseWire broker-feed tick volume as an activity proxy. It does not represent centralized institutional order flow.
Forex Liquidity Map
The circular map displays the eight major currencies as nodes.
• Node value: Aggregated currency-flow score
• Node size: Average relative activity across connected pairs
• River direction: Weaker currency toward stronger currency
• River width: Estimated strength of liquidity rotation
• River color: Leading currency in that relationship
• Arrow: Direction of relative capital rotation
A positive score indicates relative strength or estimated inflow. A negative score indicates relative weakness or estimated outflow.
Water Flow Matrix
The scatter matrix shows each currency according to:
• Horizontal position: Current flow score
• Vertical position: Flow acceleration
• Bubble size: Relative pair activity
• Bubble color: Currency identity
The four matrix conditions are:
• Accelerating inflow: Positive flow with positive acceleration
• Weakening inflow: Positive flow with negative acceleration
• Accelerating outflow: Negative flow with negative acceleration
• Weakening outflow: Negative flow with positive acceleration
This helps distinguish a currency that is merely strong from one whose strength is actively increasing.
Dashboard and Pair Ranking
The dashboard includes:
• Currency strength ranking
• Current flow score
• Relative tick activity
• Momentum condition
• Inflow, outflow, or balanced status
• Ranked breakdown of all 28 Forex pairs
• Strongest and weakest currencies
• Best relative-strength pair
• Market confirmation percentage
• Current Forex-rotation regime
For example, when GBP is the strongest currency and AUD is the weakest, the dashboard may identify GBPAUD as the primary relative-strength opportunity.
Update Modes
Confirmed bars only uses completed calculation-timeframe candles. The rivers, matrix, rankings, and signals remain fixed while the current candle is forming.
Live uses the active candle and updates as price and tick volume change. This provides faster information but may change before candle close.
Confirmed mode is recommended for stable analysis and alerts. Live mode is intended for intrabar monitoring.
Display Features
• Responsive bar-index geometry
• Stable layout across intraday and higher timeframes
• Dark and Bright theme presets
• Fully opaque dashboard cells
• High-contrast currency colors
• Adjustable map and matrix dimensions
• Adjustable river threshold
• Optional arrows, glow, tooltips, tables, and signals
• Configurable PulseWire Forex-feed prefix
Interpretation
The indicator is most useful for:
• Finding strongest-versus-weakest currency combinations
• Confirming directional pair setups
• Monitoring broad Forex rotation
• Detecting strengthening or weakening flows
• Avoiding pairs where both currencies have similar strength
• Comparing pair-level movement with broader currency-level confirmation
The output should be used as a market-structure and relative-strength tool , not as a standalone entry system.
Execution decisions should also consider price structure, volatility, liquidity conditions, risk management, and scheduled economic events. Indicator
Currency Strength Meter [ForexCracked]🔵 OVERVIEW
A currency strength meter that ranks the eight major currencies against each other in real time, and then tells you the one thing you actually opened it for: which pair to trade right now.
It reads all 28 major crosses, so every currency is measured across all seven of its pairs, not just against the dollar.
🔵 WHAT MAKES THIS ONE DIFFERENT
Almost every strength meter measures each pair's percent change and averages it. That has a flaw nobody talks about: a 40 pip move in a quiet pair and a 40 pip move in a violent one are treated as the same event, when they are not remotely the same event.
This meter measures every move in ATR units instead. A currency only scores highly if it has moved far relative to how far that pair normally moves. Quiet pairs stop being drowned out by naturally volatile ones, and the ranking stops flattering whichever currency happens to be paired with the wildest counterpart that week.
🔵 WHAT IT SHOWS
• A live ranking of USD, EUR, GBP, JPY, CHF, AUD, NZD and CAD, strongest to weakest
• Each currency's strength in ATR units, so the numbers mean something rather than being an index
• Whether each currency is strengthening or weakening against its own recent reading, not just where it sits
• The Best Pair line: long the strongest currency, short the weakest
• The Spread: the distance between strongest and weakest
🔵 THE SPREAD (read this one first)
The spread is the gap between the strongest and the weakest currency. It answers a question most traders skip: is anything actually happening?
A wide spread means currencies are genuinely diverging and a strength-based trade has something to work with. A narrow spread means everything is drifting together, the ranking is mostly noise, and the best trade is usually no trade. Check the spread before you trust the ranking.
🔵 HOW TO USE
• Read the spread. If it is small, the ranking is not telling you much, so wait.
• Take the Best Pair as a starting point, not an entry. It tells you where the divergence is, not when to get in.
• Prefer a currency that is both highly ranked and still strengthening over one that is highly ranked and already fading, since the second one has usually made its move.
• Confirm the pair on the chart with your own entry method. A strength meter frames the trade. It does not time it.
• Lengthen the Lookback for swing trading and shorten it for intraday.
🔵 SETTINGS
• Strength Lookback: how many bars back the move is measured over (default 24)
• ATR Length: the volatility yardstick every move is divided by (default 14)
• Symbol Prefix: leave blank on most charts. If the pairs do not load, set it to your data provider, for example OANDA: or FX:
• Show Ranking Table: toggles the strongest-to-weakest table in the top right (default on)
• Plot Strength Lines: toggles the eight strength curves in the pane (default on)
⚠️ DISCLAIMER
Relative strength tells you which currencies are moving and which are not. It does not tell you when to enter, and strong currencies reverse. Results depend on market conditions, settings, and your own execution and risk management. Shared for educational and research purposes. Not financial advice. Indicator
Currency Strength - Manual Biases Currency Strength — Manual Biases
Most currency strength meters calculate strength from price change over X bars. This one works the other way around: you provide the input. It turns your own directional biases per pair into a ranked currency strength table.
How it works
Each pair bias is a pairwise comparison between two currencies:
EUR/NZD short → NZD is stronger than EUR
GBP/USD short → USD is stronger than GBP
For every bias you set, the stronger currency gets +1 and the weaker one −1. The table (top right of your chart) ranks all currencies from strongest to weakest, showing each currency's net score and the number of pairs it was compared in.
Usage
Open the settings and set a bias per pair: "Long" (base currency stronger), "Short" (quote currency stronger), or "—" (pair not included). All 28 major and cross pairs of the 8 major currencies (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY) are available. The more pairs you assess, the more reliable the ranking — with only a few biases, one wrong assessment can flip the order.
Why manual instead of automatic?
If your methodology is built on your own top-down analysis, an automatic strength meter measures something different from what you actually trade. This tool doesn't replace your analysis — it organizes it. It shows you the ranking that logically follows from your own pair assessments, so you can spot which pairs combine your strongest and weakest currencies, and check whether your biases are internally consistent.
Note: the ranking is only as good as the biases you feed it. This is an organizational tool, not a signal generator — always validate any pair against your own trading plan before taking a setup. Indicator
Currency Strength RoC Panels (RoC Only) + TriggersCurrency Strength Slope (ROC)
Currency Strength Slope is a relative currency momentum indicator designed to measure and rank the rate of change across the major currency basket.
Instead of looking at one Forex pair in isolation, this indicator evaluates the underlying momentum of each major currency individually: EUR, USD, JPY, CHF, GBP, AUD, CAD, and NZD. By comparing currency strength movement across a full FX basket, it helps identify which currencies are accelerating, weakening, or showing meaningful shifts in relative momentum.
The goal is to provide a clearer view of currency flow, momentum rotation, and potential strength/weakness relationships across the market.
Features:
• Tracks RoC/momentum for 8 major currencies
• Includes EUR, USD, JPY, CHF, GBP, AUD, CAD, and NZD
• Uses a full FX basket comparison approach
• Customizable broker/feed selection
• Adjustable anchor timeframe and lookback
• Optional last-closed-bar mode for cleaner confirmed values
• Optional z-score normalization
• Ranking panel for strongest to weakest momentum
• Optional flag display
• Positive and negative trigger lines
• Fixed or auto StDev-based trigger thresholds
• Signal dots on trigger crosses
• Basket shift marker when leading currencies flip
• Zero line and top absolute RoC line options
Alerts Included:
• Any RoC Trigger Cross
• Basket Shift: Top 2 Absolute RoC Flip
Potential use cases:
• Identify the strongest and weakest currencies
• Find momentum rotation across the FX basket
• Spot currency acceleration and deceleration
• Confirm directional bias on Forex pairs
• Build strong-vs-weak pair ideas
• Detect major shifts in currency leadership
• Add confluence to existing Forex strategies
Interpretation:
Positive RoC
The currency is gaining momentum relative to the broader basket.
Negative RoC
The currency is losing momentum relative to the broader basket.
Ranking Panel
Shows which currencies are currently leading or lagging by momentum.
Trigger Crosses
Highlight when a currency’s momentum moves beyond a meaningful positive or negative threshold.
Basket Shift Marker
Appears when the top 2 currencies by absolute RoC flip direction, which may signal a broader shift in currency flow.
This indicator is intended to help traders move beyond single-pair analysis and understand the broader currency strength environment.
About TrendGenY Indicators
TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to reveal information that traditional tools may overlook and help traders build a more meaningful edge in the market. Indicator
Simple USD PressureSimple USD Pressure
Simple USD Pressure is a market pressure and directional regime indicator designed to measure broad U.S. Dollar strength and weakness by analyzing multiple USD-related instruments simultaneously.
Rather than relying on a single source such as DXY alone, this indicator evaluates the directional alignment of major USD currency pairs and can optionally incorporate additional confirming instruments including DXY, Gold, US10Y yields, and SPX risk sentiment to build a broader view of USD behavior.
The goal is to provide a cleaner view of underlying dollar pressure and identify shifts in overall market conditions that may influence Forex pairs, indices, commodities, and risk assets.
Features:
• Multi-pair USD pressure analysis
• Uses major USD pairs including:
EURUSD
GBPUSD
AUDUSD
NZDUSD
USDJPY
USDCHF
USDCAD
• Optional confirmation instruments:
DXY
Gold
US10Y
SPX
• Composite USD scoring system
• Customizable calculation timeframe
• Optional "Wait Until Bar Close" confirmation logic
• Adjustable trend thresholds
• Market regime detection:
USD Strong
USD Weak
USD Mixed
• Visual background highlighting
• Regime transition markers
• Summary table including:
Bull pair votes
Bear pair votes
USD pressure score
Confirmation score
Composite score
Current regime
Alerts Included:
• USD Strong Shift
• USD Weak Shift
• USD Mixed Shift
• Active USD Strong
• Active USD Weak
• Active USD Mixed
Potential use cases:
• Gauge broad USD strength or weakness
• Add directional bias to Forex trades
• Confirm risk-on or risk-off environments
• Identify changes in market conditions
• Use as a higher-level market filter
• Add confluence to existing systems
Interpretation:
USD Strong
Broad alignment suggests stronger dollar participation across selected instruments
USD Weak
Broad alignment suggests weaker dollar participation across selected instruments
USD Mixed
Signals are relatively balanced and directional pressure may be less defined
About TrendGenY Indicators
TrendGenY indicators are built from market experience, creative concepts, and a constant pursuit of unique perspectives. Rather than following conventional ideas, the focus is on uncovering alternative insights and viewing market behavior through different angles to reveal information that traditional tools may overlook and help traders build a more meaningful edge in the market. Indicator
Currency Strength MeterCurrency Strength Meter — 8 Majors
Track real-time relative strength across the 8 major currencies in a single panel: USD, EUR, JPY, GBP, AUD, CHF, CAD and NZD. Each currency is benchmarked against the average performance of the group, so you can instantly see which currencies are bid and which are offered — without flipping between a dozen FX charts.
What it shows
Each line represents a currency's strength relative to the basket average, expressed in basis points (bps) of percentage move since the anchor reset. A currency above the zero line is outperforming the average, below zero it's underperforming. The relative ranking matters more than the absolute values — if USD is at +40 bps and JPY is at -60 bps, you're looking at a 100 bps gap of relative momentum that typically shows up in USD/JPY price action.
The math: the script pulls EURUSD, GBPUSD, AUDUSD, NZDUSD, USDJPY, USDCHF, USDCAD, computes each currency's percentage move since the anchor (inverted for the quote currencies), then subtracts the basket mean so all 8 strengths sum to zero. This removes the USD bias inherent to most "strength meters" that just measure pairs against the dollar.
Why it matters
Currency strength meters cut through the noise of individual pair charts. When you see the same pattern repeated across multiple pairs (EUR weak vs USD, EUR weak vs JPY, EUR weak vs GBP), it's no longer about one pair — it's about EUR itself. This indicator surfaces that signal in one glance.
Particularly useful for:
Pair selection — long the strongest, short the weakest for maximum dispersion
Avoiding chop — when two currencies are clustered near zero, their cross is likely to range
Spotting regime shifts when a currency suddenly breaks away from the pack
Confirming or fading reactions to central bank decisions, CPI, NFP across the FX complex
Filtering out fake breakouts on individual pairs that aren't backed by broader strength
Viewport-following labels (the killer feature)
Unlike most strength meters where labels stick to the latest bar, the labels here follow the right edge of your visible viewport . Scroll back in history and the labels update to show the strength values at that point in time — not at the current bar. This lets you study historical setups with the same readability as the live state, no zooming and hovering required.
Labels are automatically positioned to avoid overlap when multiple currencies are clustered, with configurable spacing (auto or manual).
Anchor modes
Daily : reset at the start of each trading day (default — best for intraday)
Weekly : reset at the start of each week (best for swing trading)
Session (Lookback) : rolling N-bar window for continuous measurement (best for context-free relative strength)
Settings
Reset anchor : Daily, Weekly, or rolling Session lookback
EMA smoothing : optional smoothing to filter intrabar noise (1 = raw, no smoothing)
Line width : 1 to 4
Currency toggles : show or hide each of the 8 currencies independently
Custom colors : each currency line can be recolored
Label gap : auto (scales with range) or manual (fixed bps gap)
Zero line : visual reference for relative strength sign
Recommended setup
Apply on any forex pair, on a 15m to 1h timeframe for intraday work, or 4h to daily for swing analysis. The indicator uses the chart's symbol only as a time base — the strength calculation is independent of which pair you're viewing.
Best paired with the underlying price action: when a currency breaks out on the strength meter, look at its strongest/weakest counterpart to find the best pair to trade the move.
Notes
Strength is measured against the 7 majors using direct or inverted USD crosses. JPY, CHF and CAD are inverted (since they're quote currencies vs USD in their major pair), so a rising USDJPY shows as JPY weakness, not strength. The mean-subtraction step normalizes the basket so all 8 values sum to zero, giving you true relative momentum rather than dollar-skewed readings.
Feedback and suggestions welcome. Indicator
MA Strength Indicator EnhancedThe "MA Strength" is an indicator that measures market trend strength or (in the case of forex pairs) the relative strength of individual currencies based on up to five different moving averages (MA). It offers multiple calculation methods, such as simple summation, normalized value, or measuring ATR/percentage distance from the price. The results are summarized in a clear table, and it provides customizable alerts for trend changes or shifts in currency strength. The high level of configurability (e.g., MA weighting, "all MA alignment" requirement) allows for fine-tuning the strategy.
💬 Interpreting the Table (Top Rows)
The top row of the table shows the final output of the indicator. This changes according to the set "Table Mode".
Trend Mode: The top row shows the final, aggregated trend status (e.g., "BULLISH", "NEUTRAL") and the corresponding "Trend Value". This is the value the indicator compares to its thresholds.
Forex Mode: (Only on 6-character pairs): The top two rows show the strength of the Base currency and the Quote currency separately.
Calculation of the top rows:
The indicator calculates the individual score of all active MAs (according to the chosen method).
Trend Value: This is the final value calculated from the scores.
If "Enable Averaging" is ON, this will be the average of the scores (e.g., MA1 score is 5.0, MA2 score is 7.0 -> Trend Value is 6.0).
If averaging is OFF, this will be the sum of the scores (e.g., 5.0 + 7.0 = 12.0).
Forex Calculation: "Forex Mode" uses this "Trend Value". If the Trend Value is +6.0 (on an EURUSD pair):
The Base currency (EUR) value will be +6.0.
The Quote currency (USD) value will be -6.0.
The indicator compares these values to the thresholds to determine the "STRONG" status for EUR and "WEAK" status for USD.
📊 Calculation Methods
The indicator can calculate trend strength using 5 methods. The final "Trend Value" is derived from the results of these calculations.
Sum:
Description: Simply adds up the individual scores of all enabled moving averages (MA).
Formula: If the price is above an MA, it gets the "Score Above" value (e.g., +2.0); if below, it gets the "Score Below" value (e.g., -2.0).
Example: Result = (MA1 score) + (MA2 score) + ...
Normalized:
Description: Takes the sum obtained by the "Sum" method and converts it to a scale between -100% (maximally bearish) and +100% (maximally bullish). It takes into account the maximum possible positive and negative scores.
Formula: Result = (Total Score / Max Possible Score) * 100
Percentage Distance:
Description: This method also considers distance. The further the price is from the MA in percentage terms, the higher the score.
Formula: MA Score = (|Close Price - MA| / MA * 100) * Weight (The "Weight" is the "Score Above/Below" value set in settings).
ATR Distance:
Description: Similar to percentage distance, but normalizes the distance using volatility via ATR (Average True Range).
Formula: MA Score = (|Close Price - MA| / ATR) * Weight
Candle Count:
Description: Counts how many consecutive candles have been above or below the MA. It multiplies this number by the set weight.
Formula: MA Score = (Number of consecutive candles) * Weight
⚙️ Settings Options
Moving Averages (MA 1-5)
For each moving average, you can set:
Enable MA: Turn the specific MA on or off.
Type: The type of moving average (SMA, EMA, WMA, etc.).
Period: The period of the MA (e.g., 50, 200).
Score Above / Below: The most important setting. This defines the "weight" of the MA in the calculation. In "Sum" mode, this is a fixed score; in distance-based modes, this is a multiplier (weight). It is advisable to write a positive number for "Score Above" and a negative number for "Score Below".
Calculation Settings
Enable Averaging: If this is on, the indicator shows the average of the active MA scores, not the total score.
Exception: This function is not available in "Normalized" mode.
Require All MA Alignment: This is a strict filter. If enabled, the indicator only gives a "BULLISH" (or "STRONG") signal if the price is above all enabled moving averages. Similarly, a "BEARISH" signal only occurs if the price is below all moving averages. If the price is on the opposite side of even just one MA (e.g., above 4, below 1), the status becomes "NEUTRAL", regardless of the scores.
Strength / Trend Thresholds
Enable Extra Levels: If active, statuses are expanded: "EXT. BULLISH" / "EXT. BEARISH" (Trend mode) or "EXT. STRONG" / "EXT. WEAK" (Forex mode). This indicates stronger, overbought/oversold conditions.
Threshold setting: The thresholds (e.g., "Strong Above - ATR") determine when the calculated value counts as a "STRONG" or "WEAK" status.
🔢 Setting Thresholds via Calculation
If "Enable Averaging" is OFF, the "Trend Value" shown in the table will be the sum of the individual MA scores. Therefore, we must define the threshold by adding up the minimum expected performance from each moving average. This allows us to set different expectations for short, medium, and long-term averages.
Step 1: Determine MA weights
In our example, we use 3 active MAs with the following weights (Score Above values):
MA1 (Short): Weight = +2
MA2 (Medium): Weight = +3
MA3 (Long): Weight = +4
Step 2: Determine the minimum expected distance
Define a minimum distance expected from each MA to trigger a "Strong" signal.
Step 3: Calculate target scores and the final threshold
Note: If "Enable Averaging" is ON, the resulting value (sum of target scores) must be
averaged to get the final threshold.
Example 1: ATR Distance
-Goal: I want a "Strong" signal if the price is...
...at least 1.0 ATR above MA1 (Short),
...at least 1.5 ATR above MA2 (Medium),
...and at least 2.0 ATR above MA3 (Long).
-Calculation (Expected Distance * Weight):
MA1 Target Score: 1.0 * 2 = 2.0
MA2 Target Score: 1.5 * 3 = 4.5
MA3 Target Score: 2.0 * 4 = 8.0
-Final Threshold (Sum of Target Scores): 2.0 + 4.5 + 8.0 = 14.5
-Setting: Set "Strong Above - ATR" threshold to 14.5.
If "Enable Averaging" is ON, the obtained value must be averaged, and the result will be the
threshold: 4.8 (14.5 / 3 = 4.83).
Example 2: Percentage Distance
-Goal: I want a "Strong" signal if the price is...
...at least 0.5% above MA1,
...at least 1.0% above MA2,
...and at least 1.5% above MA3.
-Calculation (Expected Distance * Weight):
MA1 Target Score: 0.5 * 2.0 = 1.0
MA2 Target Score: 1.0 * 3.0 = 3.0
MA3 Target Score: 1.5 * 4.0 = 6.0
-Final Threshold (Sum): 1.0 + 3.0 + 6.0 = 10.0
-Setting: Set "Strong Above - Percentage" threshold to 10.0.
If "Enable Averaging" is ON, the obtained value must be averaged, and the result will be the
threshold.
Example 3: Candle Count
-Goal: I want a "Strong" signal if...
...at least 3 consecutive candles are above MA1,
...at least 5 consecutive candles are above MA2,
...and at least 10 consecutive candles are above MA3.
-Calculation (Expected Candle Count * Weight):
MA1 Target Score: 3 * 2.0 = 6.0
MA2 Target Score: 5 * 3.0 = 15.0
MA3 Target Score: 10 * 4.0 = 40.0
-Final Threshold (Sum): 6.0 + 15.0 + 40.0 = 61.0
-Setting: Set "Strong Above - Candle" threshold to 61.0.
If "Enable Averaging" is ON, the obtained value must be averaged, and the result will be the
threshold.
Example 4: Sum
In this mode, distance does not matter, only whether the price is above or below the MA.
-Goal: "Strong" signal if the price is above the long-term averages, but can be below the short-term (MA1).
MA1 (Short): Can be below (Weight: -2.0)
MA2 (Medium): Must be above (Weight: +3.0)
MA3 (Long): Must be above (Weight: +4.0)
-Calculation: -2.0 + 3.0 + 4.0 = 5.0
-Setting: Set "Strong Above - Sum" threshold to 5.0.
If it must be above all three moving averages, the threshold would be 2.0 + 3.0 + 4.0 = 9.0.
If "Enable Averaging" is ON, the obtained value must be averaged, and the result will be the
threshold.
Example 5: Normalized
The basic logic is similar to the "Sum" method.
-Goal: "Strong" signal if price is above MA2 and MA3, but potentially below MA1.
-Calculation: Target Sum: 5.0. Max Possible Score (above all): 9.0.
-Threshold: (5.0 / 9.0) * 100 = 55.5
In this calculation method, averaging cannot be set.
The Usage of the "ATR %" Row
The "ATR %" row shows the percentage movement of an average candle.
How to use this with "Percentage Distance" mode:
This number gives a baseline. It helps decide if the "Percentage Distance" threshold is realistic.
Example: You see the "ATR %" value is hovering around 1.2%. This means a "normal" candle moves about 1.2%.
If you set the Percentage threshold to 0.5%, it is too low. The indicator will constantly give a "Strong" signal because even average movement (noise) exceeds the threshold.
Correct Usage: If "normal" movement is 1.2%, then a "strong" movement (trend) needs to be significantly larger. For example, set the threshold to double the ATR %: 2.4 (2 * 1.2). Thus, you only get a "Strong" signal if the movement is twice the average volatility.
Supplementary Information
Rounding Differences:
The numbers displayed in the table and the precision of calculations in the background differ.
Table Display: The indicator rounds numbers to two decimal places in the table. So, if the value is 0.996, the table shows 1.00 (rounded up).
Internal Calculation: The background calculation uses much higher precision. When determining status (STRONG vs NEUTRAL), the program compares the precise, unrounded value to the threshold.
Result: Due to rounding, it may happen that if the threshold is 1.00 and the table shows 1.00, the status flickers between Strong and Neutral. If this is bothersome, it is advisable to set a slightly lower threshold (e.g., 0.98).
🔔 Alert Settings
The indicator can send alerts when the status changes.
Alert Method:
Trend: Alerts when the main trend status changes (e.g., from "NEUTRAL" to "BULLISH"). You can specify which direction to alert for (e.g., only "BULLISH").
Forex: Works only on 6-character forex pairs. You can set separate alerts for the Base or Quote currency.
Forex Strength Level: You can specify at which status level to alert (e.g., "WEAK" or "EXT. STRONG").
📈 Trading Tips
Trend Confirmation: Use the "BULLISH" / "BEARISH" status to confirm your existing strategy (e.g., breakouts, bounces off support).
Forex Pairing: In Forex mode, look for pairs where the Base currency is "STRONG" and the Quote currency is "WEAK" (or "EXT. STRONG" / "EXT. WEAK") for a long position.
Short Position: Reverse the above (Base: WEAK, Quote: STRONG). Indicator
Period Range AnalyzerThis indicator analyzes a specific periodic range, which can start from a fixed date or a defined lookback period. It draws percentage levels and colored zones between the highest and lowest price. It also displays a detailed information table, which shows the price's position within the range in "Trend" mode, and the relative strength of currency pairs in "Forex" mode. The current price position is also indicated by a label with a percentage value and the name of the corresponding zone.
User Guide
Calculation Method
This setting determines how the indicator defines the range used for the calculation.
Lookback Period: In this mode, the indicator uses the last N candles (the number can be specified in the "Lookback Period (bars)" field). The range (the highest and lowest price) is "floating," meaning it is recalculated with each new candle based on the last N candles.
Date Based: In this mode, the calculation starts from a fixed date and time you select. The indicator finds the opening price of the start date and continuously tracks the highest and lowest price from that point on. This mode is ideal for measuring performance from a specific event (e.g., start of a week/month/year, news).
Data Handling Note: If you select a date in "Date Based" mode for which no data is available on the current timeframe (e.g., switching to a very low timeframe), the indicator will automatically use the earliest available candle as the starting point. All calculations (Open, Max, Min, Range, Percentage, Change, Trend) are based on this actual start date.
Start Date & Time
This setting is only active in "Date Based" mode.
Here you can specify the fixed starting point for the calculation.
The specified time is in the Exchange timezone.
Important limitation: Due to PulseWire platform limits, visual elements (levels, zones) are only drawn for a maximum of 250 candles back. If the set date is older than this, the calculation still applies to the entire period (from the set date), but the drawing only covers the last 250 candles. The table always displays accurate data for the entire period.
When switching to a higher timeframe, the range may restart from a slightly later bar due to PulseWire's bar alignment. For best accuracy, set your timeframe first, then select the start date.
Table Mode
This setting controls what data the information table displays.
Trend: This is the default mode, which works on any symbol (stock, index, crypto, etc.). It displays information related to the trend and the range.
Forex: This is a special mode used to measure the strength of currency and crypto pairs. It only works on symbols with exactly 6 characters (e.g., "EURUSD", "BTCUSD"). It treats the first 3 characters as the base currency (e.g., EUR) and the last 3 as the quote currency (e.g., USD). If the symbol does not have 6 characters, the table will automatically display in "Trend" mode.
Trend
This trend determination operates based on the formation order of the high and low within the analyzed range:
Its switch is located in the “Table Additional Rows” menu.
Bullish: Indicated if the low was formed before the high (on different candles). Or if they formed on the same candle, it was a bullish candle.
Bearish: Indicated if the high was formed before the low (on different candles). Or if they formed on the same candle, it was a bearish candle.
Neutral: Indicated if the high and low formed on the same candle, and it was a "doji" candle (close = open).
Upper & Lower Threshold
These settings (Upper Threshold (%) and Lower Threshold (%) in the "Label Coloring" section) primarily determine the state (Bullish/Bearish/Neutral) of the top row of the table.
The logic is not based on the percentage change of the price movement, but on the current price's position within the range, where the bottom of the range is 0% and the top is 100%.
Upper Threshold (%): The percentage level (e.g., 60.0) above which the indicator considers the price position "Bullish" (or "Strong").
Lower Threshold (%): The percentage level (e.g., 40.0) below which the indicator considers the price position "Bearish" (or "Weak").
If the price is between the two (e.g., between 40% and 60%), the signal is Neutral.
Secondary function: These thresholds also control the color of the label next to the price, provided the "Dynamic Label Coloring" option is enabled.
Indicator
Range Percentage Analyzer This indicator is a tool for analyzing the market range and trend. It calculates the extent of price movement between a specified starting point and the current price, displaying it as a percentage.
The calculation can be based on a fixed lookback period (e.g., the last 30 candles) or from a fixed start date. It also provides a clear table that shows the general trend in "Trend" mode, and the relative strength of the base and quote currencies of forex pairs (e.g., EURUSD) in "Forex" mode.
User Guide
Calculation Method
This setting determines how the indicator defines the starting point for the calculation.
Lookback Period: In this mode, the indicator uses the last N candles (the number can be specified in the "Lookback Period (bars)" field, maximum 250).
The starting point is "floating," meaning it shifts with each new candle. For example, with a setting of 30, the 30th candle from the current one will always be the starting point.
Date Based: In this mode, the calculation starts from a fixed date and time you select.
This mode is ideal for measuring performance from a specific event (e.g., news, start of a week/month).
Note: If you select a date in "Date Based" mode for which no data is available on the current timeframe (e.g., switching to a very low timeframe), the indicator will automatically use the earliest available candle as the starting point.
Start Date & Time
This setting is only active in "Date Based" mode.
Here you can specify the fixed starting point for the calculation.
The specified time is in the Exchange timezone.
Important limitation: Due to PulseWire platform limits, visual elements (box, line) are only drawn for a maximum of 250 candles back.
If the set date is older than this, the calculation still applies to the entire period (from the set date), but the drawing only covers the last 250 candles.
When switching to a higher timeframe, the range may restart from a slightly later bar due to PulseWire's bar alignment. For best accuracy, set your timeframe first, then select the start date.
Table Mode
This setting controls what data the information table displays.
Trend: This is the default mode, which works on any symbol (stock, index, crypto, etc.). It displays information related to the trend.
Forex: This is a special mode used to measure the strength of currency pairs.
It only works on symbols with exactly 6 characters (e.g., "EURUSD", "BTCUSD"). It treats the first 3 characters as the base currency (e.g., EUR) and the last 3 as the quote currency (e.g., USD).
If the symbol does not have 6 characters, the table will automatically display in "Trend" mode.
Extremes Trend Row
If this is enabled, the table displays an additional row that determines the trend based on the formation order of the high and low within the analyzed range.
The logic is as follows:
Bullish: Indicated if the low was formed before the high.
(Or if they formed on the same candle, which was a bullish candle).
Bearish: Indicated if the high was formed before the low.
(Or if they formed on the same candle, which was a bearish candle).
Neutral: Indicated if the high and low formed on the same candle, and it was a "doji" candle (close = open).
Upper & Lower Threshold
These settings control the logic for the "Change Trend" and "Forex Display" rows at the top of the table.
They determine when the total percentage change for the entire period is considered "Bullish/Strong", "Bearish/Weak", or "Neutral".
Upper Threshold (%): The percentage value (default 0.1%) above which the indicator considers the change "Bullish/Strong".
Lower Threshold (%): The percentage value (default -0.1%) below which the indicator considers the change "Bearish/Weak".
If the change is between the two, the signal is Neutral.
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Forex Power Indicator [FindBetterTrades]The Forex Power Indicator is designed to help traders quickly assess the relative strength and weakness of key forex pairs over a set period.
This tool calculates the percentage change in price over the last 5 days and highlights the strongest and weakest performing pairs in a simple table format.
Features:
Scans 10 major forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, CHFJPY, EURGBP, EURJPY, GBPJPY).
Calculates the percentage change over the last 5 days.
Identifies and labels the strongest and weakest pair based on performance.
Displays results in a customizable table, allowing traders to quickly interpret market trends.
How to Use:
The strongest pair (🟢) indicates the currency with the highest performance in the selected period.
The weakest pair (🔴) shows the currency that has lost the most value.
Alerts feature:
Once you add the script to your chart, go to "Create Alert"
Under "Condition", select "Forex Power Indicator ".
The system will use the messages set in the alert() function.
When triggered, the alert will display the message like:
"New strongest currency pair: USDJPY"
"New weakest currency pair: AUDUSD"
Use this information to spot momentum opportunities, potential reversals, or trend continuations in forex trading.
This indicator is for informational purposes only and should be used alongside other technical analysis tools to support trading decisions. Indicator
Currency StrengthThis innovative Currency Strength Indicator is a powerful tool for forex traders, offering a comprehensive and visually intuitive way to analyze the relative strength of multiple currencies simultaneously. Here's what makes this indicator stand out:
Extensive Currency Coverage
One of the most striking features of this indicator is its extensive coverage of currencies. While many similar tools focus on just the major currencies, this indicator includes:
Major currencies: USD, EUR, JPY, GBP, CHF, CAD, AUD, NZD
Additional currencies: CNY, HKD, KRW, MXN, INR, RUB, SGD, TRY, BRL, ZAR, THB
This wide range allows traders to gain insights into a broader spectrum of the forex market, including emerging markets and less commonly traded currencies.
Unique Visual Presentation
The indicator boasts a clear and user-friendly interface:
Each currency is represented by a distinct colored line for easy identification
A legend is prominently displayed at the top of the chart, using color-coded labels for quick reference
Users can customize which currencies to display, allowing for a tailored analysis
This clean, organized presentation enables traders to quickly grasp the relative strengths of different currencies at a glance.
Robust Measurement Methodology
The indicator employs the True Strength Index (TSI) to calculate currency strength, which provides several advantages:
TSI is a momentum oscillator that shows both trend direction and overbought/oversold conditions
It uses two smoothing periods (fast and slow), which helps filter out market noise and provides more reliable signals
The indicator calculates TSI for each currency index (e.g., DXY for USD, EXY for EUR), ensuring a comprehensive strength measurement
By using TSI, this indicator offers a more nuanced and accurate representation of currency strength compared to simpler moving average-based indicators.
Customization and Flexibility
Traders can fine-tune the indicator to suit their needs:
Adjustable TSI parameters (fast and slow periods)
Ability to show/hide specific currencies
Customizable color scheme for each currency line
Practical Applications
This Currency Strength Indicator can be used for various trading strategies:
Identifying potential trend reversals when a currency reaches extreme overbought or oversold levels
Spotting divergences between currency pairs
Confirming trends across multiple timeframes
Enhancing multi-pair trading strategies
By providing a clear, comprehensive, and customizable view of currency strength across a wide range of currencies, this indicator equips traders with valuable insights for making informed trading decisions in the complex world of forex. Indicator
Bond Yield SpreadThe Bond Yield Spread Script is developed for forex traders, offering an automated tool to calculate the bond yield spread between two countries associated with the forex pair displayed on the chart.
Functionality:
The script starts by identifying the base and quote currencies of the current forex pair and aligns them with their corresponding national bond symbols based on user-selected maturity, with options ranging from 01Y to 30Y. It calculates the yield spread by subtracting the bond yield associated with the quote country from that of the base country, following the formula:
Yield Spread = Yield(Base Country) − Yield(Quote Country)
which is then displayed as a plot line on the chart.
This script relies solely on PulseWire's internal yield symbols, with the following calculation:
"currency" => "first two letters" + maturity
And maturity, in this case, is the value that is configured in the indicator settings, for example:
"EUR" => "EU" + "02Y" will result in EU02Y -> which will be used in the formula, depending on the quote or base currency.
Application in Trading:
This indicator is invaluable for traders employing carry trading strategies or assessing currency strength based on traded interest rates as an indicator. A higher yield spread typically indicates a stronger currency, because the return obtained for holding the currency is higher.
Originality and Practicality:
This script is self-developed, aiming to fill the gap in automatic bond yield comparisons within the PulseWire environment. It is particularly beneficial for traders focusing on macroeconomic factors affecting forex markets. Unlike other scripts, it integrates various bond maturities into one tool, enhancing its utility and application range.
Conclusion:
Designed for traders incorporating macroeconomics in their strategy, this script will be useful to calculate the bond yield differences automatically without having to enter a new formula for every new currency pair.
Compliance and Limitations:
The script complies with PulseWire scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the comprehensive availability of bond yield data within PulseWire. As not all countries issue bonds for each listed maturity, this may limit the script’s application for certain currency pairs or specific maturities. Indicator
Multi-Asset Performance [Spaghetti] - By LeviathanThis indicator visualizes the cumulative percentage changes or returns of 30 symbols over a given period and offers a unique set of tools and data analytics for deeper insight into the performance of different assets.
Multi Asset Performance indicator (also called “Spaghetti”) makes it easy to monitor the changes in Price, Open Interest, and On Balance Volume across multiple assets simultaneously, distinguish assets that are overperforming or underperforming, observe the relative strength of different assets or currencies, use it as a tool for identifying mean reversion opportunities and even for constructing pairs trading strategies, detect "risk-on" or "risk-off" periods, evaluate statistical relationships between assets through metrics like correlation and beta, construct hedging strategies, trade rotations and much more.
Start by selecting a time period (e.g., 1 DAY) to set the interval for when data is reset. This will provide insight into how price, open interest, and on-balance volume change over your chosen period. In the settings, asset selection is fully customizable, allowing you to create three groups of up to 30 tickers each. These tickers can be displayed in a variety of styles and colors. Additional script settings offer a range of options, including smoothing values with a Simple Moving Average (SMA), highlighting the top or bottom performers, plotting the group mean, applying heatmap/gradient coloring, generating a table with calculations like beta, correlation, and RSI, creating a profile to show asset distribution around the mean, and much more.
One of the most important script tools is the screener table, which can display:
🔸 Percentage Change (Represents the return or the percentage increase or decrease in Price/OI/OBV over the current selected period)
🔸 Beta (Represents the sensitivity or responsiveness of asset's returns to the returns of a benchmark/mean. A beta of 1 means the asset moves in tandem with the market. A beta greater than 1 indicates the asset is more volatile than the market, while a beta less than 1 indicates the asset is less volatile. For example, a beta of 1.5 means the asset typically moves 150% as much as the benchmark. If the benchmark goes up 1%, the asset is expected to go up 1.5%, and vice versa.)
🔸 Correlation (Describes the strength and direction of a linear relationship between the asset and the mean. Correlation coefficients range from -1 to +1. A correlation of +1 means that two variables are perfectly positively correlated; as one goes up, the other will go up in exact proportion. A correlation of -1 means they are perfectly negatively correlated; as one goes up, the other will go down in exact proportion. A correlation of 0 means that there is no linear relationship between the variables. For example, a correlation of 0.5 between Asset A and Asset B would suggest that when Asset A moves, Asset B tends to move in the same direction, but not perfectly in tandem.)
🔸 RSI (Measures the speed and change of price movements and is used to identify overbought or oversold conditions of each asset. The RSI ranges from 0 to 100 and is typically used with a time period of 14. Generally, an RSI above 70 indicates that an asset may be overbought, while RSI below 30 signals that an asset may be oversold.)
⚙️ Settings Overview:
◽️ Period
Periodic inputs (e.g. daily, monthly, etc.) determine when the values are reset to zero and begin accumulating again until the period is over. This visualizes the net change in the data over each period. The input "Visible Range" is auto-adjustable as it starts the accumulation at the leftmost bar on your chart, displaying the net change in your chart's visible range. There's also the "Timestamp" option, which allows you to select a specific point in time from where the values are accumulated. The timestamp anchor can be dragged to a desired bar via Tradingview's interactive option. Timestamp is particularly useful when looking for outperformers/underperformers after a market-wide move. The input positioned next to the period selection determines the timeframe on which the data is based. It's best to leave it at default (Chart Timeframe) unless you want to check the higher timeframe structure of the data.
◽️ Data
The first input in this section determines the data that will be displayed. You can choose between Price, OI, and OBV. The second input lets you select which one out of the three asset groups should be displayed. The symbols in the asset group can be modified in the bottom section of the indicator settings.
◽️ Appearance
You can choose to plot the data in the form of lines, circles, areas, and columns. The colors can be selected by choosing one of the six pre-prepared color palettes.
◽️ Labeling
This input allows you to show/hide the labels and select their appearance and size. You can choose between Label (colored pointed label), Label and Line (colored pointed label with a line that connects it to the plot), or Text Label (colored text).
◽️ Smoothing
If selected, this option will smooth the values using a Simple Moving Average (SMA) with a custom length. This is used to reduce noise and improve the visibility of plotted data.
◽️ Highlight
If selected, this option will highlight the top and bottom N (custom number) plots, while shading the others. This makes the symbols with extreme values stand out from the rest.
◽️ Group Mean
This input allows you to select the data that will be considered as the group mean. You can choose between Group Average (the average value of all assets in the group) or First Ticker (the value of the ticker that is positioned first on the group's list). The mean is then used in calculations such as correlation (as the second variable) and beta (as a benchmark). You can also choose to plot the mean by clicking on the checkbox.
◽️ Profile
If selected, the script will generate a vertical volume profile-like display with 10 zones/nodes, visualizing the distribution of assets below and above the mean. This makes it easy to see how many or what percentage of assets are outperforming or underperforming the mean.
◽️ Gradient
If selected, this option will color the plots with a gradient based on the proximity of the value to the upper extreme, zero, and lower extreme.
◽️ Table
This section includes several settings for the table's appearance and the data displayed in it. The "Reference Length" input determines the number of bars back that are used for calculating correlation and beta, while "RSI Length" determines the length used for calculating the Relative Strength Index. You can choose the data that should be displayed in the table by using the checkboxes.
◽️ Asset Groups
This section allows you to modify the symbols that have been selected to be a part of the 3 asset groups. If you want to change a symbol, you can simply click on the field and type the ticker of another one. You can also show/hide a specific asset by using the checkbox next to the field. Indicator
Currency Strength [LuxAlgo]The Currency Strength indicator displays the historical relative strength of 5 user selected currencies over a user selected period of time. Users can also display relative strength of currencies as a scatter plot, further informing on the evolution of currency strength.
🔶 SETTINGS
Display: Determines the type of data displayed by the indicator. By default, the trailing relative strength of currencies is displayed, with the other option displaying the scatter plot.
Timeframe: Timeframe period used to calculate currency relative strength.
🔹 Meter
Show Strength Meter: Displays the currency strength meter on the indicator panel.
Strength Meter Resolution: Resolution of the currency strength meter, higher resolutions allow to observe smaller difference in strength.
Location: Location of the currency strength meter on the indicator pane.
Size: Size of the currency strength meter.
🔹 Relative Strength Scatter Graph
Scatter Graph Resolution: Horizontal and vertical width of the scatter plot (in bars). Higher values allow a more precise position on the X axis.
🔶 USAGE
Measuring the relative strength of a currency allows users to assess the relative performance of a currency against a basket of other currencies.
The term "strength" can convey various interpretations depending on the indicator. Here "strength" is interpreted as an indicator of performance, with stronger currencies having greater performances over the selected period (positive changes of higher magnitude).
The Currency Strength indicator allows users to analyze the relative strength of currencies over a user selected period - the returned results will reset periodically and will accumulate afterward.
The above chart shows the hourly relative strength of various currencies on the 1min TF.
🔹 Scatter Graph
The scatter graph displays the relative strength of a currency over its value during the previous period. This not only allows users to see if a currency is strong... but also if it's getting stronger compared to the previous period.
In order to quickly interpret results, the graph is divided into four areas. A currency (displayed as a point) being in a specific area returns the following information:
Strong(Green): Currency has a positive relative strength (bullish) and is greater than its value over the previous period.
Improving (Yellow): Currency has a negative relative strength (bearish) and is greater than its value over the previous period.
Weakening (Aqua): Currency has a positive relative strength (bullish) and is lower than its value over the previous period.
Weak (Red): Currency has a negative relative strength (bearish) and is lower than its value over the previous period.
🔶 DETAILS
There is a wide variety of methods for the calculation of a currency's relative strength. The primary focus of the indicator is on the meter as well as the relative strength scatter graph. The currency strength calculation can be considered more basic.
Given two currencies, B (base) and Q (quote), the proposed indicator calculation process is as follows:
Exchange rate BQ(t) over time t is obtained, a rising value of BQ(t) means that a unit of B is now worth a higher amount of Q , highlighting strength of B over Q on that precise variation.
The individual relative strength over time IRS(t) is obtained as the percentage relatively close to the open difference of BQ(t) , that is:
IRS(t) = / open(t) * 100
Normalizing the close to open difference allows for the various currencies' relative strengths to approximately share the same scale.
The above operation is performed n times over a space of n currencies O( n ) . The obtained individual relative strengths for one specific currency are then added together, forming the final composite relative strength ( CRS ) of that currency:
CRS (t) = IRS (t) + IRS (t) + ... + IRS (t)
The cumulative sum of CRS(t) over the user selected period is then obtained. Indicator
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Currency Strength V2An update to my original Currency Strength script to include a 2nd timeframe for more market context.
Changed the formatting slightly for better aesthetics, as the extra column and colors became unsightly.
Also added a new setting for "Flat Color", which changes the value background to a simple green/red for above or below 50, rather than using the Color Scale that increases color intensity the further it gets from 50.
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This script measures the strength of the 6 major currencies USD, EUR, GBP, CAD, AUD and JPY.
Simply, it averages the RSI values of a currency vs the 5 other currencies in the basket, and displays each average RSI value in a table with color coding to quickly identify the strongest and weakest currencies over the past 14 bars (or user defined length).
The arrow in the current RSI column shows the difference in average RSI value between current and X bars back (user defined), telling you whether the combined RSI value has gone up or down in the last X bars.
Using the average RSI allows us to get a sense of the currency strength vs an equally weighted basket of the other majors, as opposed to using Indexes which are heavily weighted to 1 or 2 currencies.
The additional security calls for the extra timeframe make this slower to load than the original, but this was a user request so hopefully it will prove worthwhile for some people.
Those who find the loading too slow when switching between charts may be better off still using the original, which is why this is posted as a separate script and not an update to the original.
This is the table with Flat Color option enabled.
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Trend Trading with Currency Strength MeterThis is a trend trading strategy designed mainly for forex made of two big components:
First we have the currency meter, which is made of taking TSI of different INDEXes such as EUR, USD, GBP, JPY, NZD, AUD , CHF and CAD.
Once we establish which one is the weakest and most powerful, we pair them together and we go on that chart.
Lastly we check with the EMA 200 to confirm our direction.
We can see in this example for the USDJPY chart, that USD is the strongest, JPY is the weakest and ema confirm our bullish trend.
For timeframe in general I recommend big timeframes, 1-4h+ , and as a mentality a swing trading mentality, we can stay in trade for days/weeks.
For exit in general I recommend to exit when either one of the pairs losses/gain power or when the EMA is crossing with current candle
If you have any questions, let me know ! Indicator
Currency StrengthThis script measures the strength of the 6 major currencies USD, EUR, GBP, CAD, AUD and JPY.
Simply, it averages the RSI values of a currency vs the 5 other currencies in the basket, and displays each average RSI value in a table with color coding to quickly identify the strongest and weakest currencies over the past 14 bars (or user defined length).
The Dir. value looks at the difference in average RSI value between current and X bars back (user defined), telling you whether the combined RSI value has gone up or down in the last X bars.
Using the average RSI allows us to get a sense of the currency strength vs an equally weighted basket of the other majors, as opposed to using Indexes which are heavily weighted to 1 or 2 currencies.
The table doesn't load super fast as we are making 15 Security requests to get the values for each pair (where possible we reverse the values of the pair to reduce Security requests, e.g. we don't need to request EURUSD and USDEUR, we reverse the value to calculate the USD RSI). Indicator
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