Cross-currency tracking indicator?

Hello guys,

I was wondering if there any type of indicator or script for MT4 that tracks in real time how a specific currency is behaving towards other currencies in one specific time frame.

For example, CAD has been showing strenght towards all the USD, the EUR and the GBP and therefore we see strong downtrends on USDCAD, EURCAD and GBPCAD. However, GBP is only showing streght against USD (uptrend on GBPUSD) but not so against EUR or CHF (EURGBP and GBPCHF charts are rangebound).

So basically, I am looking for an indicator that tracks strenght and weakness of one currency against all the rest.

Is this even possible to code? Thank you in advance!!

Have a look at the'Forex grail' system it looks quite interesting, it should do what you are asking for!

Maybe this is along the lines of what you are looking for.

http://articles.mql4.com/422

and

http://articles.mql4.com/484


http://www.forexfactory.com/showthread.php?t=109599

http://www.forexfactory.com/showthread.php?t=113181