The 8 Currencies_NSC is a Relative Currency Strength (RCS) indicator designed for the cTrader platform. It analyzes the relative performance of eight major currencies—AUD, USD, EUR, JPY, GBP, CAD, CHF, and NZD—by calculating their percentage changes against each other across 28 currency pairs. Users can customize lookback and smoothing periods to adjust the indicator’s sensitivity for various trading styles, from scalping to long-term strategies.
The indicator provides a clear visual representation of currency strength and weakness, enabling traders to identify currencies with strong momentum or signs of weakness at a glance. This multi-currency perspective helps move beyond single-pair analysis to understand which currencies are driving market movements.
The tool relies on historical price data and requires all relevant currency pairs to be available from the broker. Its performance may vary with market conditions, and it is intended to complement, not replace, comprehensive trading strategies that include price action, fundamental analysis, and risk management. Initial data loading can be resource-intensive due to the breadth of cross-currency calculations.
This indicator serves as an analytical aid to support more informed Forex trading decisions by highlighting relative currency strength across major pairs.