OPEN-SOURCE SCRIPT
Forex Power Indicator [FindBetterTrades]
The Forex Power Indicator is designed to help traders quickly assess the relative strength and weakness of key forex pairs over a set period.
This tool calculates the percentage change in price over the last 5 days and highlights the strongest and weakest performing pairs in a simple table format.
Features:
Scans 10 major forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, CHFJPY, EURGBP, EURJPY, GBPJPY).
Calculates the percentage change over the last 5 days.
Identifies and labels the strongest and weakest pair based on performance.
Displays results in a customizable table, allowing traders to quickly interpret market trends.
How to Use:
The strongest pair (🟢) indicates the currency with the highest performance in the selected period.
The weakest pair (🔴) shows the currency that has lost the most value.
Alerts feature:
Once you add the script to your chart, go to "Create Alert"
Under "Condition", select "Forex Power Indicator [FindBetterTrades]".
The system will use the messages set in the alert() function.
When triggered, the alert will display the message like:
"New strongest currency pair: USDJPY"
"New weakest currency pair: AUDUSD"
Use this information to spot momentum opportunities, potential reversals, or trend continuations in forex trading.
This indicator is for informational purposes only and should be used alongside other technical analysis tools to support trading decisions.
This tool calculates the percentage change in price over the last 5 days and highlights the strongest and weakest performing pairs in a simple table format.
Features:
Scans 10 major forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, NZDUSD, USDCAD, CHFJPY, EURGBP, EURJPY, GBPJPY).
Calculates the percentage change over the last 5 days.
Identifies and labels the strongest and weakest pair based on performance.
Displays results in a customizable table, allowing traders to quickly interpret market trends.
How to Use:
The strongest pair (🟢) indicates the currency with the highest performance in the selected period.
The weakest pair (🔴) shows the currency that has lost the most value.
Alerts feature:
Once you add the script to your chart, go to "Create Alert"
Under "Condition", select "Forex Power Indicator [FindBetterTrades]".
The system will use the messages set in the alert() function.
When triggered, the alert will display the message like:
"New strongest currency pair: USDJPY"
"New weakest currency pair: AUDUSD"
Use this information to spot momentum opportunities, potential reversals, or trend continuations in forex trading.
This indicator is for informational purposes only and should be used alongside other technical analysis tools to support trading decisions.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Our Beginner Options eEbook: findbettertrades.com/beginner-options-guide?utm_source=tradingview&utm_medium=tradingview+profile
Free Telegram Channel: t.me/findbettertrades
Free Telegram Channel: t.me/findbettertrades
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
Our Beginner Options eEbook: findbettertrades.com/beginner-options-guide?utm_source=tradingview&utm_medium=tradingview+profile
Free Telegram Channel: t.me/findbettertrades
Free Telegram Channel: t.me/findbettertrades
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。