Indicator
Forex
EURUSD
USDJPY
4 Currencies V2_NSC
"4 Currencies V2_NSC" logo
03/09/2025
Desktop
Since 14/01/2025
Sales
27
Free installs
5734
"4 Currencies V2_NSC" uploaded image"4 Currencies V2_NSC" uploaded image"4 Currencies V2_NSC" uploaded image"4 Currencies V2_NSC" uploaded image

If you've spent any time in the Forex markets, you know how tricky it can be to figure out which currency is genuinely driving a move, especially when you're looking at multiple pairs. I often found myself wanting a clearer way to see the individual performance of major currencies, not just how one pair was behaving.

That’s why I developed this Relative Currency Strength indicator.

The idea is pretty straightforward: it aims to measure and display the relative strength of the AUD, USD, EUR, and JPY. It does this by looking at how each of these currencies is performing against a basket of the others (specifically across pairs like AUDUSD, AUDEUR, AUDJPY, EURUSD, EURJPY, and USDJPY) over a lookback period that you can define.

How I've found it helpful, and how it might help you:

  • Better Pair Selection: Sometimes, seeing that, for instance, AUD is consistently strengthening while JPY is weakening can give you a nudge to take a closer look at AUD/JPY. It can help filter down the pairs you focus on.
  • Understanding Market Drivers: When a pair like EUR/USD moves, is it mostly USD strength or EUR weakness? This indicator can give you some perspective on that, helping you understand the broader flow.
  • Tailor to Your Style:
    • You can adjust the LookbackPeriod (default is 14 bars). A shorter period will be more responsive, a longer one will show more established trends.
    • There's also a SmoothingPeriod (default is 5 bars) which applies an EMA to the strength lines. This can help reduce some of the noise if you prefer a smoother output. If you want the raw calculation, just set smoothing to 0.
  • Clear Visuals: It plots each currency's strength as a separate line in its own window below your main chart, so it doesn’t clutter up your price action.
  • Reliable Data: The calculations are done on the close of each bar, so the lines won't repaint or change once a bar is complete.

No indicator is a crystal ball, and this one is no different. It's a tool. I've found it to be a useful part of my analysis process, especially for confirming ideas or getting a quick overview of what the major currencies are up to.

Heads up, given that this indicator is pulling data for all currency pairs to effectively calculate true relative strength, this indicator can be resource heavy and break Ctrader at times if you have other resource heavy indicators as well. I have had this occur once in the past month on my 5 year old PC so it should not happen regularly. But if it does, a simple refresh of the window timeframe or a simple adjustment of the period settings by +/-1 will force a recalculate and the indicator will appear again.




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

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

0.0
Reviews: 0
Customer reviews
No reviews for this product yet. Already tried it? Be the first to tell others!
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!
MTF Candle Countdown
Stay ahead with a real-time countdown to candle closes on all key timeframes: 5m, 15m, 30m, 1H, 4H, and Daily.
VWAP Tokyo Open
VWAP Set to Tokyo Open
Supply Demand Premium V2_NSC
The long awaited new and improved Supply Demand Premium V2 indicator. Unlock greater trading opportunities now!
Indicator
Indices
Forex
Signal
+2
US Dollar Index
US Dollar Index
Market Session V3_NSC
Version 3: Full control of session display including start and end times of all 3 sessions!
Open Trade PipsV1
This indicator tracks the unrealised amount of pips in your open positions.
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
Open Trade ProfitV1
A simple indicator that tracks the value of your open trades in pips.
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.
Indicator
Indices
Forex
EURUSD
+1
DXY w HMA
DXY HMA Indicator
Commodity Channel Index Smoothed w Alerts_NSC
Smoothed CCI alerts! Audio & arrow signals for +/-100 crosses. Custom sounds & arrow filters. Precision trading!
You may also like
Indicator
RSI
Breakout
XAUUSD
+9
Square Matrix Trading System
Square Matrix Trading System by LudwigICT – Institutional-Grade Trading Clarity in cTrader
Binary Options Signals Pro
Binary Options Signals Pro – Precision Trading at Your Fingertips
Bars color 1
This is the first version I offer you for free.
Indicator
NAS100
NZDUSD
RSI
+12
TrendFibonacci
The TrendFibonacci indicator is a powerful tool for traders, combining Fibonacci retracement levels
Indicator
NAS100
NZDUSD
Breakout
+14
Matrix Pro by PrimeQuant
Multi-timeframe S/R, SRWMA trend & Demarker pivots with smart alerts—clarity for any market, any timeframe.
Indicator
RSI
Breakout
Supertrend
Adaptive Trend Channel
📊 Visualize market trends more clearly and dynamically
Indicator
Breakout
Pivot Points Daily Session
Pivot Point with base zone daily Asia-London-New york Session.
IR Moving MTF
multi time frame moving averge. you could choose different type of price like median ,high and ... and differnt type of
Automatic Fibonatti - Renko
Automatically plots Fibonacci retracement levels using the highest and lowest points of a customizable time range.
Indicator
Indices
Breakout
Prop
+2
Price Change Bundle 1.0 BT
Price Change Bundle 3-in-1 Levels • Bars • Histogram. Secret of Price Change
Indicator
NAS100
XAUUSD
Commodities
+11
WHT AIRRA
Indicator that auto-calculates SL/TP via volatility. 3 layers: digital filtering, recursive Bayes, adaptive factor
Indicator
Indices
Forex
USDJPY
JPYX w HMA
JPYX Indicator with HMA
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...
Indicator
RSI
XAUUSD
Breakout
+6
Order Block
Identify bullish and bearish Order Blocks to spot key support/resistance levels and potential trend reversals! 📈🔄
ICT MACRO THEORY
Are essentially short intervals during which the algorithm seeks liquidity or adjusts price.....
Indicator
RSI
Commodities
Signal
+1
Dot Momentum %BB Indicator
Dynamic circles visualize price's volatility position. Like RSI for market overextension & stretch. Quantify context.
SuperEmaColorRSI
This is a super indicator that integrates the RSI indicator with a dual moving average system.
Indicator
RSI
XAUUSD
ATR
+3
RSI NextGen
The RSI NextGen is an advanced and modernized version of the classic Relative Strength Index (RSI)