KuChart DayLight Basic Currencies: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

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

Source Code

132 lines of Pine Script v4 from TradingView/KuChartDayLight_BasicCurrencies.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

KuChartDayLight_BasicCurrencies.pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © willcomeo022

//@version=4
study("KuChartDayLight_BasicCurrencies")

RefreshTime = input(title="RefreshTime", type=input.integer, defval=5)
MaxBars = input(title="MaxBars", type=input.integer, defval=1000)
MAPeriod = input(title="MAPeriod", type=input.integer, defval=1)
MAPrice = input(title="MAPrice", type=input.source, defval=close)
MAMethod = input(title="MAMethod", type=input.integer, defval=0)
Start_Time = input(title="Start_Time", type=input.string, defval="2011.03.14 00:00")
UseLongTermMode = input(title="UseLongTermMode", type=input.bool, defval=false)
TimeOffset = input(title="TimeOffset", type=input.integer, defval=0)
DaySpan = input(title="DaySpan", type=input.integer, defval=1)
SelectedLineWidth = input(title="SelectedLineWidth", type=input.integer, defval=1)
NonSelectedLineWidth = input(title="NonSelectedLineWidth", type=input.integer, defval=1)
UseAutoDetect = input(title="UseAutoDetect", type=input.bool, defval=true)

UseUSD = true
UseEUR = true
UseGBP = true
UseCHF = true
UseJPY = true
UseAUD = true
UseCAD = true
UseNZD = true

ShowUSD = input(title="ShowUSD", type=input.bool, defval=true)
ShowEUR = input(title="ShowEUR", type=input.bool, defval=true)
ShowGBP = input(title="ShowGBP", type=input.bool, defval=true)
ShowCHF = input(title="ShowCHF", type=input.bool, defval=true)
ShowJPY = input(title="ShowJPY", type=input.bool, defval=true)
ShowAUD = input(title="ShowAUD", type=input.bool, defval=true)
ShowCAD = input(title="ShowCAD", type=input.bool, defval=true)
ShowNZD = input(title="ShowNZD", type=input.bool, defval=true)

Color_USD = color.orange
Color_EUR = color.red
Color_GBP = color.lime
Color_CHF = color.white
Color_JPY = color.green
Color_AUD = color.blue
Color_CAD = color.yellow
Color_NZD = color.teal

sEURUSD = "FX:EURUSD"
sUSDJPY = "FX:USDJPY"
sUSDCHF = "FX:USDCHF"
sGBPUSD = "FX:GBPUSD"
sAUDUSD = "FX:AUDUSD"
sUSDCAD = "FX:USDCAD"
sNZDUSD = "FX:NZDUSD"

EURUSD = security(sEURUSD, timeframe.period, MAPrice)
USDJPY = security(sUSDJPY, timeframe.period, MAPrice)
USDCHF = security(sUSDCHF, timeframe.period, MAPrice)
GBPUSD = security(sGBPUSD, timeframe.period, MAPrice)
AUDUSD = security(sAUDUSD, timeframe.period, MAPrice)
USDCAD = security(sUSDCAD, timeframe.period, MAPrice)
NZDUSD = security(sNZDUSD, timeframe.period, MAPrice)

t = time("1440", session.regular)
Is_NewDay = na(t[1]) and not na(t) or t[1] < t

var float First_EURUSD = na
var float First_USDJPY = na
var float First_USDCHF = na
var float First_GBPUSD = na
var float First_AUDUSD = na
var float First_USDCAD = na
var float First_NZDUSD = na

if Is_NewDay
    First_EURUSD := EURUSD
    First_USDJPY := USDJPY
    First_USDCHF := USDCHF
    First_GBPUSD := GBPUSD
    First_AUDUSD := AUDUSD
    First_USDCAD := USDCAD
    First_NZDUSD := NZDUSD

vEURUSD = log(EURUSD / First_EURUSD) * 10000
vUSDJPY = log(USDJPY / First_USDJPY) * 10000
vUSDCHF = log(USDCHF / First_USDCHF) * 10000
vGBPUSD = log(GBPUSD / First_GBPUSD) * 10000
vAUDUSD = log(AUDUSD / First_AUDUSD) * 10000
vUSDCAD = log(USDCAD / First_USDCAD) * 10000
vNZDUSD = log(NZDUSD / First_NZDUSD) * 10000

if UseEUR == false
    vEURUSD := 0
if UseJPY == false
    vUSDJPY := 0
if UseCHF == false
    vUSDCHF := 0
if UseGBP == false
    vGBPUSD := 0
if UseAUD == false
    vAUDUSD := 0
if UseCAD == false
    vUSDCAD := 0
if UseNZD == false
    vNZDUSD := 0
if UseUSD == false
    vEURUSD := 0
    vUSDJPY := 0
    vUSDCHF := 0
    vGBPUSD := 0
    vAUDUSD := 0
    vUSDCAD := 0
    vNZDUSD := 0

a = (vEURUSD + vGBPUSD + vAUDUSD + vNZDUSD - vUSDJPY - vUSDCHF - vUSDCAD) / 7

EURAV= vEURUSD - a
USDAV= - a
JPYAV= -vUSDJPY - a
CHFAV= -vUSDCHF - a
GBPAV= vGBPUSD - a      
AUDAV= vAUDUSD - a
CADAV= -vUSDCAD - a
NZDAV= vNZDUSD - a

plot(USDAV, title="USD", color = Color_USD)
plot(EURAV, title="EUR", color = Color_EUR)
plot(JPYAV, title="JPY", color = Color_JPY)
plot(CHFAV, title="CHF", color = Color_CHF)
plot(GBPAV, title="GBP", color = Color_GBP)
plot(AUDAV, title="AUD", color = Color_AUD)
plot(CADAV, title="CAD", color = Color_CAD)
plot(NZDAV, title="NZD", color = Color_NZD)

Overview

KuChart DayLight Basic Currencies fetches price data from major Forex currency pairs and calculates logarithmic percentage changes relative to the start of each daily session. Users can identify individual currency strength and weakness across the Forex market. Settings allow toggling the display for each currency, setting line widths, and adjusting moving average smoothing parameters.

Tracks 8 major Forex currency strength profiles
Logarithmic daily change strength calculation
Individual currency visibility toggles
Customizable line width and smoothing inputs

Details

Published by

Vertexstack-Code on GitHub

Code credit

willcomeo022, as written in the script's header

Type

Indicator, Pine Script v4

Draws

Separate pane below the chart

Markets

Forex

Timeframes

M15-H1, H4 and above

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.

File

TradingView/KuChartDayLight_BasicCurrencies.pine

Repository

github.com/Vertexstack-Code/Trading-Indicators

Settings

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

Setting	Type	Default	Variable
RefreshTime	`int`	`5`	`RefreshTime`
MaxBars	`int`	`1000`	`MaxBars`
MAPeriod	`int`	`1`	`MAPeriod`
MAPrice	`source`	`close`	`MAPrice`
MAMethod	`int`	`0`	`MAMethod`
Start_Time	`string`	`2011.03.14 00:00`	`Start_Time`
UseLongTermMode	`bool`	`false`	`UseLongTermMode`
TimeOffset	`int`	`0`	`TimeOffset`
DaySpan	`int`	`1`	`DaySpan`
SelectedLineWidth	`int`	`1`	`SelectedLineWidth`
NonSelectedLineWidth	`int`	`1`	`NonSelectedLineWidth`
UseAutoDetect	`bool`	`true`	`UseAutoDetect`

Show all 20 settings

Setting	Type	Default	Variable
ShowUSD	`bool`	`true`	`ShowUSD`
ShowEUR	`bool`	`true`	`ShowEUR`
ShowGBP	`bool`	`true`	`ShowGBP`
ShowCHF	`bool`	`true`	`ShowCHF`
ShowJPY	`bool`	`true`	`ShowJPY`
ShowAUD	`bool`	`true`	`ShowAUD`
ShowCAD	`bool`	`true`	`ShowCAD`
ShowNZD	`bool`	`true`	`ShowNZD`

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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