OPEN-SOURCE SCRIPT
Simple Currency Strength Measurer III
This is an updated version to the Currency Strength Measurer I created before. I'm not updating that script due to differences in the features and in the idea. The original script was a lagging indicator, I hope that this one is more of a leading indicator, the idea is the same. This indicator has way fewer inputs and it's more lightweight. Try it and compare it with the original SCSM and choose whichever suits your strategy best.
I'm open to comments or ideas on how to upgrade it.
I'm open to comments or ideas on how to upgrade it.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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