EUR/USD Strength

Hi,

I stumbled across the OsUSD indicator on another forum, and liked the look of it. I decided to try and manipulate the code to create an OsEUR oscillator, which I have done successfully (although you will see that I am not a programmer unfortunately by my butchering of the code).

Looking at the two indicators side by side made me think how useful it would be to have the indicators as a line instead of a histogram and in the same window, so that you could have visually displayed whether or not overall the EUR is stronger in movement to the USD and vice versa.

So for example if OsUSD is returning a value of 35 and OsEUR is returning a value of -12 then the chances are is that the EUR/USD is likely to fall. (A nice big arrow in window would also be nice ).

I have tried to modify the indicator to draw a line instead of a histogram without success to prove the concept. But I think using it on an MTF basis may be of use, as well as use for managing trades.

If there is anybody interested in helping develop this idea a little further please contribute.

I have attached the files and a screenshot

Thanks.

Does the screenshot below resemble what you're looking for?

It was produced by the Recent Strength indicator...... download and info available here.

Hi Hanover,

Indeed it does and more, I will give this time and testing. Many thanks for your input and effort.