Description
The REA_Percentage indicator calculates the relative strength of major currencies based on percentage changes in the prices of currency pairs, updating every minute. The aim is to provide traders with a clear view of the relative strength or weakness of each currency, thus facilitating informed trading decisions.
Functionality
- Calculation of the relative strength of currency baskets
- Display of the list of currencies in order from the strongest to the weakest, with different colors based on the strength, bright green for the strongest ones and bright red for the weakest ones, the positive but not too strong currencies are light green and instead those negative but not too weak
- Interactive panel that can be moved to various positions in the graph
- Customizable period for relative strength calculations
Parameters
- TimeFrame: Choose the timeframe over which you want to calculate relative strength.
Panel
- Vertical Position: Set the vertical position of the panel (Default: Top)
- Horizontal Position: Set the horizontal position of the panel (Defaul: Left)