Price vs MA currency strength
This indicator uses the Moving Average (MA) and returns two strength scores as two lines in window - one for the base currency and other for counter currency.
It combines the group of correlated (base & counter) currency pairs dynamically from the chart, as per:
- AUD="AUDUSD","AUDCAD","AUDCHF","AUDJPY","AUDNZD" / "EURAUD","GBPAUD"
- USD="USDJPY","USDCHF","USDCAD","USDNOK","USDSEK" / "AUDUSD","NZDUSD","EURUSD","GBPUSD"
- NZD="NZDCAD","NZDCHF","NZDJPY","NZDUSD" / "AUDNZD","EURNZD","GBPNZD"
- GBP="GBPUSD","GBPAUD","GBPNZD","GBPCAD","GBPCHF","GBPJPY","GBPSEK","GBPNOK" / "EURGBP"
- EUR="EURUSD","EURAUD","EURNZD","EURCAD","EURCHF","EURGBP","EURJPY","EURSEK","EURNOK"
- CHF="CHFJPY" / "EURCHF","USDCHF","AUDCHF","NZDCHF","GBPCHF","CADCHF"
- CAD="CADCHF","CADJPY" / "AUDCAD","NZDCAD","EURCAD","GBPCAD","USDCAD"
- JPY="USDJPY","AUDJPY","NZDJPY","CADJPY","CHFJPY","EURJPY","GBPJPY","SEKJPY","NOKJPY","SGDJPY"
When base score > counter score, means base currency is showing bullish indicator momentum and vice versa.
Parameters:
- MA_PERIOD - number of periods for the MA indicator.
- MA_METHOD - type of averaging to apply.
- PriceType - PriceOpen,PriceHigh,PriceLow,PriceClose
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