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Derived Currency Strength Indicator from multiple pairs

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  • First Post: May 10, 2007 4:37pm May 10, 2007 4:37pm
  •  The Fxorce
  • Joined Feb 2007 | Status: AKA Gatersaw | 386 Posts
Has anyone seen this? I used to have it through TopGun Software but got tired of paying esignal also the software had bugs.

Basically the indicator measures multiple pairs ie. for GBP strength/weakness: GBPUSD, GBPCHF, GBPJPY. or invert pairs to show USD strength/weakness: USDGBP, USDEUR, USDCHF, USDCAD and then reports the average direction for each group of pairs. If the USD pairs are all strong we see a shade of green for USD group. We then configure GBP group and show GBP money flowing in and out. Intensity is gauged in color from red to green with many shades in between. If USD is strongest pair at the time and GBP is weakest we go short GBPUSD.

I would like the indicator to monitor several groups on one indicator window. These are very similar to powerbands.

Thanks for any assistance.
Jeff Swanson
It really is that easy.
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