fxcodebase-backup
Currency Strength
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=59550
Forum: 17 · Topic 59550 · 2 post(s)
Currency Strength
Apprentice · Sat Sep 21, 2013 6:46 pm
- Calculate (B-L)/(H-L) B = current bid price H = Period high L = Period low
- The result from step 1 resolves itself into a value between 0 and 1
- Re-scale into a value between 1 and 10.
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If the currency is YYY, For XXX/YYY pairs Subtracted 3 For YYY/XXX pairs Add 3
- Average
Re: Currency Strength
Apprentice · Wed Aug 01, 2018 10:12 am
The Indicator was revised and updated.