Currency Strength Meter is the easiest way to identify strong and weak currencies. This indicator shows the relative strength of the 8 major currencies Gold: AUD, CAD, CHF, EUR, GBP, JPY, NZD, USD, XAU.
By default, the strength value is normalized in the range from 0 to 100 for the RSI algorithm:
- A value above 60 indicates a strong currency;
- A value below 40 indicates a weak currency;
This indicator requires data for all 28 major currency pairs and 9 timeframes.
To automatically download data, use the Downloadhistory28
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