ForexCurrencyStrength Pro

ForexCurrencyStrength Pro
What this indicator does

ForexCurrencyStrength Pro shows the relative strength of the major FX currencies (EUR, USD, GBP, JPY, CHF, CAD, AUD, NZD) as smooth, cumulative lines in a separate panel.

Instead of looking at a single pair (like EURUSD) in isolation, this indicator helps you understand which currencies are leading and which are lagging across the broader FX market.
If one currency line trends up while another trends down, it’s a clear sign of divergence and often highlights cleaner opportunities.

How to use it

Set the StartDate
Choose the date where you want the strength calculation to begin (e.g., start of the month, a new swing, or after a major news event). From that point, the indicator builds a clear “strength story”.

Read the strength lines

Rising line = strengthening currency

Falling line = weakening currency

Flat line = neutral / no strong relative move

Find high-probability pair ideas

Look for the strongest currency vs. the weakest currency → often produces the clearest directional pair setup.

Example logic: if USD is strongest and JPY is weakest, then USDJPY tends to have bullish pressure.

Use it as a filter

Only trade in the direction of strength (strong buys, weak sells).

Avoid pairs where both currencies move similarly (no clear edge).

Who this is for

Ideal for:

Forex day traders, swing traders, and position traders

Traders who want a quick “market-wide” view instead of scanning dozens of pairs

Strategy builders who use strength as a trend filter or pair selection tool

Less useful for:

Traders who only trade one fixed pair and don’t care about cross-market confirmation

Notes

The labels at the right edge act like a live legend so you can instantly see each currency line.

Best results usually come from combining this with your normal price action / structure approach (entries on the chart, strength for direction + pair selection).