Indicator
NZDUSD
Forex
USDJPY
Scalping
8 Currencies_NSC
"8 Currencies_NSC" logo
03/09/2025
Desktop
Since 14/01/2025
Sales
26
Free installs
5240
"8 Currencies_NSC" uploaded image"8 Currencies_NSC" uploaded image"8 Currencies_NSC" uploaded image"8 Currencies_NSC" uploaded image"8 Currencies_NSC" uploaded image

Unlock a deeper understanding of Forex market dynamics with the comprehensive Relative Currency Strength (RCS) indicator, specifically designed for the cTrader platform.

This powerful tool meticulously evaluates the individual performance of eight major currencies—AUD, USD, EUR, JPY, GBP, CAD, CHF, and NZD—by analyzing their percentage change against each other across a basket of 28 currency pairs. With user-defined lookback and smoothing periods, you can fine-tune the indicator's sensitivity to align with your unique trading approach, from rapid scalping to long-horizon strategies. The clear visual output allows for an immediate, at-a-glance comparison, helping you to quickly identify currencies exhibiting strong upward momentum or those showing signs of weakness, which can be instrumental in selecting currency pairs with higher potential for your strategies. It offers a way to move beyond single-pair analysis and see the bigger picture of which individual currencies are truly driving market movements.

It’s crucial, however, to use this indicator with a clear understanding of its capabilities and limitations. The RCS indicator is a sophisticated analytical tool, not an infallible forecasting device or a complete 'set-and-forget' trading system in itself. Its calculations are rooted in historical price data and are intended to augment, not substitute, your established trading methodology, which should always include thorough price action analysis, consideration of fundamental factors, and robust risk management practices. While 'strength' or 'weakness' is highlighted by the lines, these readings require careful interpretation within the broader market context; for instance, a currency showing extreme 'strength' might be approaching an overbought condition or a key resistance level.

The indicator's performance can also fluctuate with prevailing market conditions (e.g., it may behave differently in strongly trending versus sideways, choppy markets), and its accuracy relies on your platform having sufficient, clean historical data for all 28 currency pairs involved. While optimized for ongoing calculations, the initial data loading for such a comprehensive cross-currency analysis can be demanding on platform resources, especially on slower connections or less powerful hardware. By providing a nuanced, multi-currency perspective, this RCS indicator is offered as a valuable aid to help you make more informed, strategically sound trading decisions and potentially enhance your edge in the competitive Forex arena, rather than as a standalone solution.


Please check that your broker offers all cross pairs within this indicator in order for it to work.



--------------------------

Please feel free to check out my other indicators!

https://ctrader.com/products/1181

https://ctrader.com/products/1182

https://ctrader.com/products/1180

https://ctrader.com/products/1015

https://ctrader.com/products/555

https://ctrader.com/products/553

https://ctrader.com/products/554

https://ctrader.com/products/552

https://ctrader.com/products/557

https://ctrader.com/products/845

https://ctrader.com/products/848

https://ctrader.com/products/847

https://ctrader.com/products/846

https://ctrader.com/products/551

https://ctrader.com/products/574

https://ctrader.com/products/573

https://ctrader.com/products/556

https://ctrader.com/products/558

https://ctrader.com/products/559

https://ctrader.com/products/560


More from this author
Market Sessions - Free
Track major trading sessions (Tokyo, London, New York) with customizable colors and visual sessions on your chart.
Supply Demand V1-Premium
Auto-detect supply & demand zones, remove broken levels, and trade smarter with real-time alerts. Precision made simple.
Supply Demand - BasicV1
Supply and demand zones. They're important. Here's a free version to get you started!
MTF Candle Window - On Chart
The Multi-Timeframe Candle Indicator displays candles from multiple timeframes in one window, enhancing market analysis!
VWAP - London Open
VWAP Set to London Open
Volume Profile Triple Line - POC Median Mode
The Advanced Volume Profile Indicator calculates POC, Median, and Mode, revealing key price levels for smarter trading.
Market Sessions V2_NSC
Market Session V2: Full Control. colors, history, session/text toggles, font size. Elevate your strategy!
Supply Demand Premium V2_NSC
The long awaited new and improved Supply Demand Premium V2 indicator. Unlock greater trading opportunities now!
VWAP Tokyo Open
VWAP Set to Tokyo Open
MTF Candle Countdown
Stay ahead with a real-time countdown to candle closes on all key timeframes: 5m, 15m, 30m, 1H, 4H, and Daily.
Open Trade PipsV1
This indicator tracks the unrealised amount of pips in your open positions.
Commodity Channel Index Smoothed w Alerts_NSC
Smoothed CCI alerts! Audio & arrow signals for +/-100 crosses. Custom sounds & arrow filters. Precision trading!
Indicator
Indices
Forex
EURUSD
+2
US Dollar Index
US Dollar Index
Indicator
Signal
USDJPY
On Balance Volume USD - Combined
See USD demand in one line—Composite OBV fuses six major FX pairs into a clear momentum gauge.
Open Trade ProfitV1
A simple indicator that tracks the value of your open trades in pips.
Market Session V3_NSC
Version 3: Full control of session display including start and end times of all 3 sessions!
Indicator
Indices
Forex
EURUSD
+1
DXY w HMA
DXY HMA Indicator
Indicator
Indices
Commodities
CCI - With Arrows and 40 80 EMA Logic_noSourceCode
The Advanced CCI & EMA Indicator combines the CCI with 40 & 80 EMA logic to generate precise arrows signaling direction
You may also like
E7 cTrader User ID
cTrader ID
Indicator
Grid
Indices
Breakout
+8
TSPivotSMC
Pivot Point MultiTimeFrame with Order Block
Indicator
NAS100
RSI
NZDUSD
+16
AlphaTrend Pro Max
Turn data into precision trades with AlphaTrend Pro Max — advanced trend, signal & structure analysis in one.
Drawing Utility
A rectangular box with 5 adjustable Fibonacci level or even custom ones.
FAIR VALUE GAP INDICATOR
Pinpoint FVGs, track fills and see mitigation stats — trade imbalances with clarity and confidence.
Indicator
Breakout
Forex
Pivot Point Daily Indicator
Pivot Points Standard — All-in-One Multi-Timeframe Pivot Indicator for cTrader
Indicator
RSI
Breakout
XAUUSD
+5
Prediction Based on Linreg & ATR
📊Predicts price movement by combining multi-timeframe trend analysis, market volatility 📉, and..
Volume Profile Fixed Range
Professional Volume Profile Indicator - Shows volume distribution, POC, Value Areas & Buy/Sell pressure.
ReversalGuard
ReversalGuard Pro: Domina el Mercado con Zonas de Soporte y Resistencia de Alta Precisión"
Indicator
RSI
Breakout
Supertrend
+1
Dynamic Trend Gradient
Identifies trends with moving averages & volatility. Base levels = bullish 🐂 or bearish 🐻 signals. Reversals detected!
Cumulative Delta Candles + VolumeProfile
Cumulative delta candles + volume profile
Indicator
Indices
Breakout
Forex
+2
Time zone pro
FREE Global Trading Sessions Indicator
Indicator
Forex
Signal
MACD
swingh6
Swing-Trading Indicaotr for pairs like EUR/USD, AUD/USD, and USD/JPY. Most effective on higher time frames H4,H6,H12...
SmartLiquidityZonesPRO
Smart Liquidity Zones PRO auto-detects liquidity grabs, wicks, traps & manipulations — trade like the smart money.
Binary Options Signals Pro
Binary Options Signals Pro – Precision Trading at Your Fingertips
Indicator
Indices
Prop
Commodities
+3
OBScope
A cutting-edge indicator designed to detect and visualize high-probability zones based on swing highs, swing lows.
Indicator
Signal
MACD
USDJPY
PulseTracker
Version 1.2: Advanced Trend Detection & Visualization System