Indicator · Pine Script v5 · Own pane

Currency Strength Chart

by itmakesyousick· code credited to boitoki

Calculates and plots the relative strength lines for major currencies including EUR, USD, JPY, GBP, CHF, AUD, CAD, and NZD in a separate pane.

View on GitHub

GitHub stars3on the repository
Pine versionv5runs as is
Lines of code561
Settings40inputs
LicenceNone statedfile: MPL-2.0
Last update4 years ago5 Aug 2022

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

561 lines of Pine Script v5 from v26.0.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

v26.0.pine
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © boitoki

//@version=5
//@see https://currency-strength.com/
//@see https://currency-strength.com/about.html
indicator('Currency Strength Chart', overlay=false, precision=2)

import boitoki/TableColorTheme/1 as mycolor
import boitoki/AwesomeColor/1 as ac
import boitoki/ma_function/2 as ma

////////////////////
// Defines
////////////////////
noneColor = color.new(color.black, 100)
g1 = 'General:'
g2 = 'Display:'
g3 = 'Colors:'
g4 = 'Panel:'
g5 = ''
g6 = 'Options:'
g7 = 'Line style:'
g8 = 'Label style:'
g9 = 'Currency pair strength:'
EUR_FLAG = '🇪🇺'
USD_FLAG = '🇺🇸'
JPY_FLAG = '🇯🇵'
CHF_FLAG = '🇨🇭'
GBP_FLAG = '🇬🇧'
AUD_FLAG = '🇦🇺'
CAD_FLAG = '🇨🇦'
NZD_FLAG = '🇳🇿'

////////////////////
// Inputs
////////////////////
string reso_autovalue = not timeframe.isintraday ? '12M' : timeframe.multiplier >= 60 ? 'W' : timeframe.multiplier >= 240 ? 'M' : 'D'
string reso_customize = 'Resolution'
string reso_lookback = 'Lookback periods'
string i_reso_mode = input.string(defval='Auto', title='Mode', options=['Auto', reso_customize, reso_lookback], group=g1)
string i_reso_value = input.timeframe(defval='D', title='Resolution', group=g1, tooltip='When you choose the "Resolution" on the mode.')

get_reso (_mode) => 
    switch _mode
        'Auto' => reso_autovalue
        reso_lookback => timeframe.period
        reso_customize => i_reso_value
        => i_reso_value

string reso = get_reso(i_reso_mode)
i_reso_lookback = i_reso_mode == reso_lookback ? input.int(defval=100, title='Lookback periods', minval=1, group=g1, tooltip='When you choose the "Lookback periods" on the mode.') : 1
i_broker = input.string(title='Brokers', options=['OANDA', 'FOREXCOM', 'SAXO', 'FX_IDC', 'FX'], defval='OANDA', group=g1)
i_smooth = input.int(defval=1, title='Smoothing', minval=1, group=g1)
i_smoothtype = input.string(defval='SMA', title='Smoothing type', options=['SMA', 'EMA', 'RMA', 'WMA', 'VWMA', 'HMA', 'LSMA', 'ALMA', 'SWMA', 'TMA', 'DEMA', 'TEMA', 'MAV', 'KAMA', 'ZZLEMA', 'AMA'], group=g1)

////////////////////
// Switches
////////////////////
show_EUR = input.bool(title='EUR', defval=true, group=g2)
show_USD = input.bool(title='USD', defval=true, group=g2)
show_JPY = input.bool(title='JPY', defval=true, group=g2)
show_GBP = input.bool(title='GBP', defval=true, group=g2)
show_CHF = input.bool(title='CHF', defval=true, group=g2)
show_AUD = input.bool(title='AUD', defval=true, group=g2)
show_CAD = input.bool(title='CAD', defval=true, group=g2)
show_NZD = input.bool(title='NZD', defval=true, group=g2)
show_XAU = input.bool(title='XAU', defval=false, group=g2)
show_XAG = input.bool(title='XAG', defval=false, group=g2)
show_OIL = input.bool(title='OIL', defval=false, group=g2)
is_autoSelect = input.bool(defval=false, title="Auto selected current currencies", group=g2)
bool show_fill = is_autoSelect

if is_autoSelect
    show_EUR := false, show_USD := false, show_JPY := false
    show_GBP := false, show_CHF := false, show_AUD := false
    show_CAD := false, show_NZD := false, show_XAU := false
    show_XAG := false, show_OIL := false

if (str.length(str.replace_all(syminfo.ticker, 'EUR', '')) < 6)
    show_EUR := true
if (str.length(str.replace_all(syminfo.ticker, 'USD', '')) < 6)
    show_USD := true
if (str.length(str.replace_all(syminfo.ticker, 'JPY', '')) < 6)
    show_JPY := true
if (str.length(str.replace_all(syminfo.ticker, 'GBP', '')) < 6)
    show_GBP := true
if (str.length(str.replace_all(syminfo.ticker, 'CHF', '')) < 6)
    show_CHF := true
if (str.length(str.replace_all(syminfo.ticker, 'AUD', '')) < 6)
    show_AUD := true
if (str.length(str.replace_all(syminfo.ticker, 'CAD', '')) < 6)
    show_CAD := true
if (str.length(str.replace_all(syminfo.ticker, 'NZD', '')) < 6)
    show_NZD := true
if (str.length(str.replace_all(syminfo.ticker, 'XAU', '')) < 6)
    show_XAU := true
if (str.length(str.replace_all(syminfo.ticker, 'XAG', '')) < 6)
    show_XAG := true
if (str.length(str.replace_all(syminfo.ticker, 'OIL', '')) < 6)
    show_OIL := true

float v1_EURUSD = request.security(i_broker + ':EURUSD', timeframe.period, close)
float v1_USDJPY = request.security(i_broker + ':USDJPY', timeframe.period, close)
float v1_USDCHF = request.security(i_broker + ':USDCHF', timeframe.period, close)
float v1_GBPUSD = request.security(i_broker + ':GBPUSD', timeframe.period, close)
float v1_AUDUSD = request.security(i_broker + ':AUDUSD', timeframe.period, close)
float v1_USDCAD = request.security(i_broker + ':USDCAD', timeframe.period, close)
float v1_NZDUSD = request.security(i_broker + ':NZDUSD', timeframe.period, close)
float v1_XAUUSD = show_XAU ? request.security(i_broker + ':XAUUSD', timeframe.period, close) : 0
float v1_XAGUSD = show_XAG ? request.security(i_broker + ':XAGUSD', timeframe.period, close) : 0
float v1_OILUSD = show_OIL ? request.security('USOIL', timeframe.period, close) : 0

float v2_EURUSD = request.security(i_broker + ':EURUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_USDJPY = request.security(i_broker + ':USDJPY', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_USDCHF = request.security(i_broker + ':USDCHF', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_GBPUSD = request.security(i_broker + ':GBPUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_AUDUSD = request.security(i_broker + ':AUDUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_USDCAD = request.security(i_broker + ':USDCAD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_NZDUSD = request.security(i_broker + ':NZDUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on)
float v2_XAUUSD = show_XAU ? request.security(i_broker + ':XAUUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on) : 0
float v2_XAGUSD = show_XAU ? request.security(i_broker + ':XAGUSD', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on) : 0
float v2_OILUSD = show_OIL ? request.security('USOIL', reso, close[i_reso_lookback], barmerge.gaps_off, barmerge.lookahead_on) : 0

// Colors
c_eur = input.color(title='EUR', defval=color.red, group=g3)
c_usd = input.color(title='USD', defval=color.orange, group=g3)
c_jpy = input.color(title='JPY', defval=color.aqua, group=g3)
c_gbp = input.color(title='GBP', defval=color.green, group=g3)
c_chf = input.color(title='CHF', defval=color.maroon, group=g3)
c_aud = input.color(title='AUD', defval=color.blue, group=g3)
c_cad = input.color(title='CAD', defval=color.purple, group=g3)
c_nzd = input.color(title='NZD', defval=color.fuchsia, group=g3)
c_xau = input.color(title='XAU', defval=#D7BE69, group=g3)
c_xag = input.color(title='XAG', defval=color.silver, group=g3)
c_oil = input.color(title='OIL', defval=#745433, group=g3)
color c_green = ac.tradingview('green')
color c_red = ac.tradingview('red')
color c_black = ac.tradingview('black')
i_theme = input.string(title="Color theme", defval="monokai", options=["monokai", "monokai pro", "customize"], group=g3)
is_monokai = (i_theme == 'monokai' or i_theme == 'monokai pro')

// Color themes
if i_theme == "monokai"
    c_eur := mycolor.monokai('pink')
    c_usd := mycolor.monokai('orange')
    c_gbp := mycolor.monokai('green')
    c_cad := mycolor.monokai('purple')
    c_aud := mycolor.monokai('blue')
    c_chf := mycolor.monokai('yellow')
    c_green := mycolor.monokai('green')
    c_red := mycolor.monokai('pink')
    c_black := mycolor.monokai('black')
else if i_theme == "monokai pro"
    c_eur := mycolor.monokaipro('pink')
    c_usd := mycolor.monokaipro('orange')
    c_gbp := mycolor.monokaipro('green')
    c_cad := mycolor.monokaipro('purple')
    c_aud := mycolor.monokaipro('blue')
    c_chf := mycolor.monokaipro('yellow')
    c_green := mycolor.monokaipro('green')
    c_red := mycolor.monokaipro('pink')
    c_black := mycolor.monokaipro('black')

////////////////////
// Other settings
////////////////////
// Lines
show_lines = true
line_x1 = time
line_width = input.int(title='Line width', defval=2, minval=1, group=g7)
line_style = input.string(title='Extended line style', defval=line.style_dotted, options=[line.style_solid, line.style_dotted, line.style_dashed], group=g7)
is_line_extend = input.string(title='Line extend', defval="No", options=["Yes", "No"], group=g7) == "Yes"

// Labels
show_labels = input.bool(title='Name label', defval=true, group=g8)
label_size = input.string(title='Label size', options=[size.auto, size.tiny, size.small, size.normal, size.large, size.huge], defval=size.normal, group=g8)
label_offset = input.int(title='Label offset', defval=5, minval=0, group=g8)
label_style = label.style_label_left
label_x = time + timeframe.multiplier * 60 * 1000 * label_offset

line_x2 = is_line_extend ? time + 1000 : label_x

// Panel
show_panel = input.bool(title='Panel', defval=true, group=g4)
panel_position = input.string(title='Position', defval=position.top_right, options=[position.top_right, position.top_center, position.top_left, position.middle_right, position.middle_center, position.middle_left, position.bottom_right, position.bottom_center, position.bottom_left], group=g4)
panel_flag_size = input.string(title='Flag size', defval=size.large, options=[size.auto, size.tiny, size.small, size.normal, size.large, size.huge], group=g4)
panel_text_size = input.string(title='Text size', defval=size.normal, options=[size.auto, size.tiny, size.small, size.normal, size.large, size.huge], group=g4)
panel_theme = input.string(title='Color theme', defval='multi', options=['multi', 'green', 'blue', 'orange', 'red', 'black', 'white', 'night', 'carbon'], group=g4)
is_multi = panel_theme == 'multi'

// Currency pair strength
show_pair = input.bool(title="Currency pair strength", defval=false, group=g9)
pair_offset = show_pair ? input.int(defval=100, title="Position offset", options=[0,20,40,60,80,100,120,140,160,180,200], group=g9) : 0
pair_margin = input.int(defval=4, title="Position margin", options=[0,2,4,6,8,10,16,20], group=g9)
pair_labelcolor = input.color(defval=color.gray, title="Label color", group=g9)

// Options
show_levels = input.bool(title='Level lines', defval=false, group=g6)
i_levels = input.int(title='Level (±)', minval=1, defval=10, group=g6)
color c_levels = show_levels ? color.gray : na


////////////////////
// Functions
////////////////////
ma_function(type, src, len) => ma.ma_function(type, src, len)

get_name_by_value(v, _EUR, _USD, _JPY, _CHF, _GBP, _AUD, _CAD, _NZD) =>
    v == _EUR ? 'EUR' : v == _USD ? 'USD' : v == _JPY ? 'JPY' : v == _CHF ? 'CHF' : v == _GBP ? 'GBP' : v == _AUD ? 'AUD' : v == _CAD ? 'CAD' : v == _NZD ? 'NZD' : na

get_color_by_value(v, _EUR, _USD, _JPY, _CHF, _GBP, _AUD, _CAD, _NZD) =>
    v == _EUR ? c_eur : v == _USD ? c_usd : v == _JPY ? c_jpy : v == _CHF ? c_chf : v == _GBP ? c_gbp : v == _AUD ? c_aud : v == _CAD ? c_cad : v == _NZD ? c_nzd : na

get_flag_by_value(v, _EUR, _USD, _JPY, _CHF, _GBP, _AUD, _CAD, _NZD) =>
    v == _EUR ? EUR_FLAG : v == _USD ? USD_FLAG : v == _JPY ? JPY_FLAG : v == _CHF ? CHF_FLAG : v == _GBP ? GBP_FLAG : v == _AUD ? AUD_FLAG : v == _CAD ? CAD_FLAG : v == _NZD ? NZD_FLAG : na

get_pair_by_value (_v, _EURUSD, _USDJPY, _USDCHF, _GBPUSD, _AUDUSD , _USDCAD, _NZDUSD, _GBPJPY) =>
    _v == _EURUSD ? 'EUR\nUSD' : _v == _USDJPY ? 'USD\nJPY' : _v == _USDCHF ? 'USD\nCHF' : _v == _GBPUSD ? 'GBP\nUSD' : _v == _AUDUSD ? 'AUD\nUSD' : _v == _USDCAD ? 'USD\nCAD' : _v == _NZDUSD ? 'NZD\nUSD' : _v == _GBPJPY ? 'GBP\nJPY' : na

get_val(_v1, _v2) =>
    float res = 0

    if _v2 == 0
        res := 0
        res
    else
        res := math.log(_v1 / _v2) * 10000
        res

    res

get_val_m(_v1, _v2, _v3, _v4) =>
    float res = 0
    float v1 = _v1 * _v3
    float v2 = _v2 * _v4

    if _v2 == 0
        res := 0
        res
    else
        res := math.log(v1 / v2) * 10000
        res

    res

get_val_d(_v1, _v2, _v3, _v4) =>
    float res = 0

    if _v3 == 0 or _v4 == 0
        res := 0
        res
    else
        float v1 = _v1 / _v3
        float v2 = _v2 / _v4

        if v2 == 0
            res := 0
            res
        else
            res := math.log(v1 / v2) * 10000
            res

    res


////////////////////
// Calculating
////////////////////
float EURUSD = get_val(v1_EURUSD, v2_EURUSD)
float USDJPY = get_val(v1_USDJPY, v2_USDJPY)
float USDCHF = get_val(v1_USDCHF, v2_USDCHF)
float GBPUSD = get_val(v1_GBPUSD, v2_GBPUSD)
float AUDUSD = get_val(v1_AUDUSD, v2_AUDUSD)
float USDCAD = get_val(v1_USDCAD, v2_USDCAD)
float NZDUSD = get_val(v1_NZDUSD, v2_NZDUSD)
float XAUUSD = get_val(v1_XAUUSD, v2_XAUUSD)
float XAGUSD = get_val(v1_XAGUSD, v2_XAGUSD)
float OILUSD = get_val(v1_OILUSD, v2_OILUSD)
float EURJPY = get_val_m(v1_EURUSD, v2_EURUSD, v1_USDJPY, v2_USDJPY)
float EURCHF = get_val_m(v1_EURUSD, v2_EURUSD, v1_USDCHF, v2_USDCHF)
float EURGBP = get_val_d(v1_EURUSD, v2_EURUSD, v1_GBPUSD, v2_GBPUSD)
float EURCAD = get_val_m(v1_EURUSD, v2_EURUSD, v1_USDCAD, v2_USDCAD)
float EURAUD = get_val_d(v1_EURUSD, v2_EURUSD, v1_AUDUSD, v2_AUDUSD)
float EURNZD = get_val_d(v1_EURUSD, v2_EURUSD, v1_NZDUSD, v2_NZDUSD)
float EURXAU = get_val_d(v1_EURUSD, v2_EURUSD, v1_XAUUSD, v2_XAUUSD)
float EURXAG = get_val_d(v1_EURUSD, v2_EURUSD, v1_XAGUSD, v2_XAGUSD)
float EUROIL = get_val_d(v1_EURUSD, v2_EURUSD, v1_OILUSD, v2_OILUSD)
float GBPCHF = get_val_m(v1_GBPUSD, v2_GBPUSD, v1_USDCHF, v2_USDCHF)
float GBPJPY = get_val_m(v1_GBPUSD, v2_GBPUSD, v1_USDJPY, v2_USDJPY)
float GBPCAD = get_val_m(v1_GBPUSD, v2_GBPUSD, v1_USDCAD, v2_USDCAD)
float GBPAUD = get_val_d(v1_GBPUSD, v2_GBPUSD, v1_AUDUSD, v2_AUDUSD)
float GBPNZD = get_val_d(v1_GBPUSD, v2_GBPUSD, v1_NZDUSD, v2_NZDUSD)
float AUDCHF = get_val_m(v1_AUDUSD, v2_AUDUSD, v1_USDCHF, v2_USDCHF)
float AUDJPY = get_val_m(v1_AUDUSD, v2_AUDUSD, v1_USDJPY, v2_USDJPY)
float AUDCAD = get_val_m(v1_AUDUSD, v2_AUDUSD, v1_USDCAD, v2_USDCAD)
float AUDNZD = get_val_d(v1_AUDUSD, v2_AUDUSD, v1_NZDUSD, v2_NZDUSD)
float NZDCAD = get_val_m(v1_NZDUSD, v2_NZDUSD, v1_USDCAD, v2_USDCAD)
float NZDCHF = get_val_m(v1_NZDUSD, v2_NZDUSD, v1_USDCHF, v2_USDCHF)
float NZDJPY = get_val_m(v1_NZDUSD, v2_NZDUSD, v1_USDJPY, v2_USDJPY)
float CADJPY = get_val_d(v1_USDJPY, v2_USDJPY, v1_USDCAD, v2_USDCAD)
float CADCHF = get_val_d(v1_USDCHF, v2_USDCHF, v1_USDCAD, v2_USDCAD)
float CHFJPY = get_val_d(v1_USDJPY, v2_USDJPY, v1_USDCHF, v2_USDCHF)
float XAUJPY = get_val_m(v1_XAUUSD, v2_XAUUSD, v1_USDJPY, v2_USDJPY)
float XAUCHF = get_val_m(v1_XAUUSD, v2_XAUUSD, v1_USDCHF, v2_USDCHF)
float XAUGBP = get_val_d(v1_XAUUSD, v2_XAUUSD, v1_GBPUSD, v2_GBPUSD)
float XAUCAD = get_val_m(v1_XAUUSD, v2_XAUUSD, v1_USDCAD, v2_USDCAD)
float XAUAUD = get_val_d(v1_XAUUSD, v2_XAUUSD, v1_AUDUSD, v2_AUDUSD)
float XAUNZD = get_val_d(v1_XAUUSD, v2_XAUUSD, v1_NZDUSD, v2_NZDUSD)
float XAGJPY = get_val_m(v1_XAGUSD, v2_XAGUSD, v1_USDJPY, v2_USDJPY)
float XAGCHF = get_val_m(v1_XAGUSD, v2_XAGUSD, v1_USDCHF, v2_USDCHF)
float XAGGBP = get_val_d(v1_XAGUSD, v2_XAGUSD, v1_GBPUSD, v2_GBPUSD)
float XAGCAD = get_val_m(v1_XAGUSD, v2_XAGUSD, v1_USDCAD, v2_USDCAD)
float XAGAUD = get_val_d(v1_XAGUSD, v2_XAGUSD, v1_AUDUSD, v2_AUDUSD)
float XAGNZD = get_val_d(v1_XAGUSD, v2_XAGUSD, v1_NZDUSD, v2_NZDUSD)
float OILJPY = get_val_m(v1_OILUSD, v2_OILUSD, v1_USDJPY, v2_USDJPY)
float OILCHF = get_val_m(v1_OILUSD, v2_OILUSD, v1_USDCHF, v2_USDCHF)
float OILGBP = get_val_d(v1_OILUSD, v2_OILUSD, v1_GBPUSD, v2_GBPUSD)
float OILCAD = get_val_m(v1_OILUSD, v2_OILUSD, v1_USDCAD, v2_USDCAD)
float OILAUD = get_val_d(v1_OILUSD, v2_OILUSD, v1_AUDUSD, v2_AUDUSD)
float OILNZD = get_val_d(v1_OILUSD, v2_OILUSD, v1_NZDUSD, v2_NZDUSD)
float OILXAU = get_val_d(v1_OILUSD, v2_OILUSD, v1_XAUUSD, v2_XAUUSD)

float EUR = ma_function(i_smoothtype, ( EURUSD + EURJPY + EURCHF + EURGBP + EURAUD + EURCAD + EURNZD) / 7, i_smooth)
float USD = ma_function(i_smoothtype, (-EURUSD + USDJPY + USDCHF - GBPUSD - AUDUSD + USDCAD - NZDUSD) / 7, i_smooth)
float JPY = ma_function(i_smoothtype, (-EURJPY - USDJPY - CHFJPY - GBPJPY - AUDJPY - CADJPY - NZDJPY) / 7, i_smooth)
float CHF = ma_function(i_smoothtype, (-EURCHF - USDCHF + CHFJPY - GBPCHF - AUDCHF - CADCHF - NZDCHF) / 7, i_smooth)
float GBP = ma_function(i_smoothtype, (-EURGBP + GBPUSD + GBPCHF + GBPJPY + GBPAUD + GBPCAD + GBPNZD) / 7, i_smooth)
float AUD = ma_function(i_smoothtype, (-EURAUD + AUDUSD + AUDJPY + AUDCHF - GBPAUD + AUDCAD + AUDNZD) / 7, i_smooth)
float CAD = ma_function(i_smoothtype, (-EURCAD - USDCAD + CADJPY + CADCHF - GBPCAD - AUDCAD - NZDCAD) / 7, i_smooth)
float NZD = ma_function(i_smoothtype, (-EURNZD + NZDUSD + NZDJPY + NZDCHF - GBPNZD + NZDCAD - AUDNZD) / 7, i_smooth)
float XAU = ma_function(i_smoothtype, (-EURXAU + XAUUSD + XAUJPY + XAUCHF + XAUGBP + XAUAUD + XAUCAD + XAUNZD) / 8, i_smooth)
float XAG = ma_function(i_smoothtype, (-EURXAG + XAGUSD + XAGJPY + XAGCHF + XAGGBP + XAGAUD + XAGCAD + XAGNZD) / 8, i_smooth)
float OIL = ma_function(i_smoothtype, (-EUROIL + OILUSD + OILJPY + OILCHF + OILGBP + OILAUD + OILCAD + OILNZD) / 8, i_smooth)

////////////////////
// Plotting
////////////////////
hline(0, title='Base', linestyle=hline.style_solid)
hline( i_levels, color=c_levels, title='Level +', linestyle=hline.style_dotted)
hline(-i_levels, color=c_levels, title='Level -', linestyle=hline.style_dotted)

// Lines
plot(show_OIL ? OIL : na, title='OIL', color=c_oil, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_XAG ? XAG : na, title='XAG', color=c_xag, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_XAU ? XAU : na, title='XAU', color=c_xau, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_NZD ? NZD : na, title='NZD', color=c_nzd, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_CAD ? CAD : na, title='CAD', color=c_cad, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_CHF ? CHF : na, title='CHF', color=c_chf, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_AUD ? AUD : na, title='AUD', color=c_aud, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_GBP ? GBP : na, title='GBP', color=c_gbp, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_JPY ? JPY : na, title='JPY', color=c_jpy, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_EUR ? EUR : na, title='EUR', color=c_eur, linewidth=line_width, editable=false, show_last=pair_offset)
plot(show_USD ? USD : na, title='USD', color=c_usd, linewidth=line_width, editable=false, show_last=pair_offset)

plot(show_OIL and show_fill ? OIL : na, title='OIL', color=color.new(c_oil, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_XAG and show_fill ? XAG : na, title='XAG', color=color.new(c_xag, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_XAU and show_fill ? XAU : na, title='XAU', color=color.new(c_xau, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_NZD and show_fill ? NZD : na, title='NZD', color=color.new(c_nzd, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_CAD and show_fill ? CAD : na, title='CAD', color=color.new(c_cad, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_CHF and show_fill ? CHF : na, title='CHF', color=color.new(c_chf, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_AUD and show_fill ? AUD : na, title='AUD', color=color.new(c_aud, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_GBP and show_fill ? GBP : na, title='GBP', color=color.new(c_gbp, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_JPY and show_fill ? JPY : na, title='JPY', color=color.new(c_jpy, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_EUR and show_fill ? EUR : na, title='EUR', color=color.new(c_eur, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)
plot(show_USD and show_fill ? USD : na, title='USD', color=color.new(c_usd, 92), linewidth=0, style=plot.style_area, editable=true, show_last=pair_offset)

if show_lines
    line_extend = is_line_extend ? extend.right : extend.none

    if show_OIL
        OIL_LINE = line.new(line_x1, OIL, line_x2, OIL, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_oil)
        line.delete(OIL_LINE[1])
    if show_XAG
        XAG_LINE = line.new(line_x1, XAG, line_x2, XAG, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_xag)
        line.delete(XAG_LINE[1])
    if show_XAU
        XAU_LINE = line.new(line_x1, XAU, line_x2, XAU, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_xau)
        line.delete(XAU_LINE[1])
    if show_NZD
        NZD_LINE = line.new(line_x1, NZD, line_x2, NZD, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_nzd)
        line.delete(NZD_LINE[1])
    if show_CAD
        CAD_LINE = line.new(line_x1, CAD, line_x2, CAD, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_cad)
        line.delete(CAD_LINE[1])
    if show_CHF
        CHF_LINE = line.new(line_x1, CHF, line_x2, CHF, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_chf)
        line.delete(CHF_LINE[1])
    if show_AUD
        AUD_LINE = line.new(line_x1, AUD, line_x2, AUD, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_aud)
        line.delete(AUD_LINE[1])
    if show_GBP
        GBP_LINE = line.new(line_x1, GBP, line_x2, GBP, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_gbp)
        line.delete(GBP_LINE[1])
    if show_JPY
        JPY_LINE = line.new(line_x1, JPY, line_x2, JPY, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_jpy)
        line.delete(JPY_LINE[1])
    if show_EUR
        EUR_LINE = line.new(line_x1, EUR, line_x2, EUR, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_eur)
        line.delete(EUR_LINE[1])
    if show_USD
        USD_LINE = line.new(line_x1, USD, line_x2, USD, extend=line_extend, xloc=xloc.bar_time, width=line_width, style=line_style, color=c_usd)
        line.delete(USD_LINE[1])


// Labels
if show_labels
    label_text_color = is_monokai ? c_black : color.white

    if show_OIL
        label OIL_LABEL = label.new(label_x, OIL, 'OIL', color=c_oil, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(OIL_LABEL[1])
    if show_XAG
        label XAG_LABEL = label.new(label_x, XAG, 'XAG', color=c_xag, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(XAG_LABEL[1])
    if show_XAU
        label XAU_LABEL = label.new(label_x, XAU, 'XAU', color=c_xau, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(XAU_LABEL[1])
    if show_NZD
        label NZD_LABEL = label.new(label_x, NZD, 'NZD', color=c_nzd, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(NZD_LABEL[1])
    if show_CAD
        label CAD_LABEL = label.new(label_x, CAD, 'CAD', color=c_cad, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(CAD_LABEL[1])
    if show_CHF
        label CHF_LABEL = label.new(label_x, CHF, 'CHF', color=c_chf, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(CHF_LABEL[1])
    if show_AUD
        label AUD_LABEL = label.new(label_x, AUD, 'AUD', color=c_aud, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(AUD_LABEL[1])
    if show_GBP
        label GBP_LABEL = label.new(label_x, GBP, 'GBP', color=c_gbp, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(GBP_LABEL[1])
    if show_JPY
        label JPY_LABEL = label.new(label_x, JPY, 'JPY', color=c_jpy, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(JPY_LABEL[1])
    if show_EUR
        label EUR_LABEL = label.new(label_x, EUR, 'EUR', color=c_eur, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(EUR_LABEL[1])
    if show_USD
        label USD_LABEL = label.new(label_x, USD, 'USD', color=c_usd, xloc=xloc.bar_time, textcolor=label_text_color, style=label_style, size=label_size)
        label.delete(USD_LABEL[1])

////////////////////
// Analysis
////////////////////
values = array.new_float(8)
array.set(values, 0, EUR)
array.set(values, 1, USD)
array.set(values, 2, JPY)
array.set(values, 3, CHF)
array.set(values, 4, GBP)
array.set(values, 5, AUD)
array.set(values, 6, CAD)
array.set(values, 7, NZD)
array.sort(values, order.descending)

sorted_by_ranking_names = array.new_string(8)

////////////////////
// Panel
////////////////////
[border_color, border_width, frame_color, frame_width, text_color, text_size, bgcolor, head_text_color, head_text_size, head_bgcolor] = mycolor.theme(panel_theme)

table panel = table.new(panel_position, 4, 8, border_color=border_color, border_width=border_width, frame_color=frame_color, frame_width=frame_width)

if is_multi and is_monokai
    text_color := c_black
    head_text_color := c_black

for i = 0 to array.size(values) - 1 by 1
    value = array.get(values, i)
    n = get_name_by_value(value, EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD)
    f = get_flag_by_value(value, EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD)
    c = get_color_by_value(value, EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD)
    v = str.format('{0, number, #.#}', value)
    r = str.tostring(i + 1)

    if not na(n)
        array.set(sorted_by_ranking_names, i, n)

    if show_panel
        head_bgcolor := is_multi ? c : head_bgcolor
        bgcolor      := is_multi ? c : bgcolor
        table.cell(panel, 0, i, r, bgcolor=head_bgcolor, text_color=head_text_color, text_size=panel_text_size)
        table.cell(panel, 1, i, f, bgcolor=bgcolor, text_color=text_color, text_size=panel_flag_size)
        table.cell(panel, 2, i, n, bgcolor=bgcolor, text_color=text_color, text_size=panel_text_size, text_halign=text.align_left)
        table.cell(panel, 3, i, v, bgcolor=bgcolor, text_color=text_color, text_size=panel_text_size, text_halign=text.align_right)

////////////////////
// Delta
////////////////////
DELTA_EURUSD = math.abs(EUR-USD)
DELTA_USDJPY = math.abs(USD-JPY)
DELTA_USDCHF = math.abs(USD-CHF)
DELTA_GBPUSD = math.abs(GBP-USD)
DELTA_AUDUSD = math.abs(AUD-USD)
DELTA_USDCAD = math.abs(USD-CAD)
DELTA_NZDUSD = math.abs(NZD-USD)
DELTA_GBPJPY = math.abs(GBP-JPY)

delta_pairs = array.new_float(8)
array.set(delta_pairs, 0, DELTA_EURUSD)
array.set(delta_pairs, 1, DELTA_USDJPY)
array.set(delta_pairs, 2, DELTA_USDCHF)
array.set(delta_pairs, 3, DELTA_GBPUSD)
array.set(delta_pairs, 4, DELTA_AUDUSD)
array.set(delta_pairs, 5, DELTA_USDCAD)
array.set(delta_pairs, 6, DELTA_NZDUSD)
array.set(delta_pairs, 7, DELTA_GBPJPY)
array.sort(delta_pairs, order.descending)
DELTA_MAX = array.max(delta_pairs)

plot(show_pair ? (array.get(delta_pairs, 0)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*0, color=ac.gogh_cafeterrace('yellow'))
plot(show_pair ? (array.get(delta_pairs, 1)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*1, color=ac.gogh_cafeterrace('yellow'))
plot(show_pair ? (array.get(delta_pairs, 2)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*2, color=ac.gogh_cafeterrace('orange'))
plot(show_pair ? (array.get(delta_pairs, 3)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*3, color=ac.gogh_cafeterrace('orange'))
plot(show_pair ? (array.get(delta_pairs, 4)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*4, color=ac.gogh_cafeterrace('light-blue'))
plot(show_pair ? (array.get(delta_pairs, 5)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*5, color=ac.gogh_cafeterrace('light-blue'))
plot(show_pair ? (array.get(delta_pairs, 6)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*6, color=ac.gogh_cafeterrace('blue'))
plot(show_pair ? (array.get(delta_pairs, 7)) : na, style=plot.style_histogram, linewidth=12, show_last=1, editable=false, offset=-pair_offset-pair_margin-7*7, color=ac.gogh_cafeterrace('blue'))

if (show_pair)
    delta_positions = array.new_int(8)
    delta_labels = array.new_string(8)
    
    for i = 0 to 7
        array.set(delta_positions, i, i * -7)
        array.set(delta_labels, i, get_pair_by_value(array.get(delta_pairs, i), DELTA_EURUSD, DELTA_USDJPY, DELTA_USDCHF, DELTA_GBPUSD, DELTA_AUDUSD, DELTA_USDCAD, DELTA_NZDUSD, DELTA_GBPJPY))

    x1 = bar_index - (pair_offset + pair_margin)
    delta_1 = label.new(x1 + array.get(delta_positions, 0), 0, array.get(delta_labels, 0), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_2 = label.new(x1 + array.get(delta_positions, 1), 0, array.get(delta_labels, 1), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_3 = label.new(x1 + array.get(delta_positions, 2), 0, array.get(delta_labels, 2), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_4 = label.new(x1 + array.get(delta_positions, 3), 0, array.get(delta_labels, 3), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_5 = label.new(x1 + array.get(delta_positions, 4), 0, array.get(delta_labels, 4), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_6 = label.new(x1 + array.get(delta_positions, 5), 0, array.get(delta_labels, 5), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_7 = label.new(x1 + array.get(delta_positions, 6), 0, array.get(delta_labels, 6), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    delta_8 = label.new(x1 + array.get(delta_positions, 7), 0, array.get(delta_labels, 7), style=label.style_label_up, size=size.small, color=noneColor, textcolor=pair_labelcolor)
    label.delete(delta_1[1])
    label.delete(delta_2[1])
    label.delete(delta_3[1])
    label.delete(delta_4[1])
    label.delete(delta_5[1])
    label.delete(delta_6[1])
    label.delete(delta_7[1])
    label.delete(delta_8[1])

////////////////////
// Alerts
////////////////////
float max_value = array.max(values)
float min_value = array.min(values)
string the_strongest_name = get_name_by_value(max_value, EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD)
string the_weakest_name = get_name_by_value(min_value, EUR, USD, JPY, CHF, GBP, AUD, CAD, NZD)
bool strongest_value_changed = the_strongest_name != the_strongest_name[1]
bool weakest_value_changed = the_weakest_name != the_weakest_name[1]
string alert_message = array.join(sorted_by_ranking_names, ' > ')

if strongest_value_changed or weakest_value_changed
    alert('NEW UPDATE: ' + alert_message, alert.freq_once_per_bar_close)

Overview

Currency Strength Chart evaluates cross-rate movement using data from major Forex brokers like OANDA or FOREXCOM. Users can smooth the strength curves using various moving average algorithms, select flexible calculation resolutions or lookback periods, and automatically highlight the currencies belonging to the active chart symbol.

Details

Published by

itmakesyousick on GitHub

Code credit

boitoki, as written in the script's header

Type

Indicator, Pine Script v5

Draws

Separate pane below the chart

Category

Oscillators & momentum, Moving averages, Screeners & dashboards

Markets

Forex, Gold, Oil & commodities

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Topics

pinescript

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
ModestringAutoi_reso_mode
ResolutiontimeframeDi_reso_value
Lookback periodsint100Lookback periods
BrokersstringOANDAi_broker
Smoothingint1i_smooth
Smoothing typestringSMAi_smoothtype
EURbooltrueshow_EUR
USDbooltrueshow_USD
JPYbooltrueshow_JPY
GBPbooltrueshow_GBP
CHFbooltrueshow_CHF
AUDbooltrueshow_AUD
Show all 40 settings
SettingTypeDefaultVariable
CADbooltrueshow_CAD
NZDbooltrueshow_NZD
XAUboolfalseshow_XAU
XAGboolfalseshow_XAG
OILboolfalseshow_OIL
Auto selected current currenciesboolfalseis_autoSelect
EURcolorcolor.redc_eur
USDcolorcolor.orangec_usd
JPYcolorcolor.aquac_jpy
GBPcolorcolor.greenc_gbp
CHFcolorcolor.maroonc_chf
AUDcolorcolor.bluec_aud
CADcolorcolor.purplec_cad
NZDcolorcolor.fuchsiac_nzd
XAUcolor#D7BE69c_xau
XAGcolorcolor.silverc_xag
OILcolor#745433c_oil
Color themestringmonokaii_theme
Line widthint2line_width
Extended line stylestringline.style_dottedline_style
Line extendstringNois_line_extend
Name labelbooltrueshow_labels
Label sizestringsize.normallabel_size
Label offsetint5label_offset
Panelbooltrueshow_panel
Positionstringposition.top_rightpanel_position
Flag sizestringsize.largepanel_flag_size
Text sizestringsize.normalpanel_text_size
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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