Daveatt

BEST Currency Strength Indicator Divergence

Hello traders

Hope you had a great Thanksgiving
Now it's my turn to give and all I ask in return is you to be thankful (did I get the "Thanksgiving" thing right?)

The Currency Strength Indicator plots an average of the selected FX pairs in the indicator.
Someone asked me if I could develop an alternative of that script adding a divergence component.
The script evaluates the divergences between the average of the selected RSI (FOREX pairs) and the RSI (FOREX pair) displayed on the chart.

This version includes new features such as:

- the RSI length can now be selected
- we can select the 6 pairs used for the divergence calculations

All the BEST my aspiring traders and quants
See you tomorrow for another script

Dave
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Quite interesting.. Thanks for. Will look for your next one !
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dont mind a stupid question, but what do the "R" and "H"s represent?
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Daveatt tommorris24
@tommorris24, No problem
R like regular and H like hidden
For regular and hidden divergences
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Happy Thanksgiving, a little bit too late. Can you do a similar indicator for BTCUSD?
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Daveatt totoroha
@totoroha, Hi there
In the indicator you can select the assets already. So You can select the cryptos you want and apply the indicator on a BTC chart
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@Daveatt, you mean this pair "FX_IDC:USDEUR"?I want to change it to BTCUSD, but don't know the initial part. Should it be CR_IDC which is crypto IDC?
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Daveatt totoroha
@totoroha, you can try BINANCE:BTCUSDT or BITSTAMP:BTCUSD
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Thanks. Can do for Nifty please
+1 Antworten
Daveatt krajesh
@krajesh, Nifty compared with other indices? or other Indian stocks?
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