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Indicator measures strength of each currency in your list.
Main idea:
It simply iterates through all combinations of pairs and adds difference between open and close in percent.
Parameters:
- List of currencies – what currencies will be calculated (maximum is 8)
- Calculation type – from which data will be strength calculated
- Calculation data input – used as input related to calculation type
- Symbol suffix – used in case of suffix on symbols, e.g: when your symbols look like EURUSDm, EURUSDmicro etc. (suffix is “m”, “micro”)
- Colors of each line
Calculation type:
From which source are open and close prices taken.
- RAW – raw data
- MA – simple moving average with period taken from “Calculation data”
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