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Currency Strength Session & TF Breakout [Silver Bulletx]
Currency Strength Session & TF Breakout [Silver Bulletx]
Currency Strength Session & TF Breakout is a specialized EURUSD and USDJPY currency strength indicator designed to compare the relative strength of the currencies behind the pair.
The indicator analyzes EUR, USD, and JPY strength using price movement, EMA-based Bull Power / Bear Power, ATR normalization, and directional weighting.
It provides two analysis modes:
Trailing Relative Strength
Relative Strength Scatter Graph
IMPORTANT — Supported Pairs
This indicator ONLY works on:
EURUSD
USDJPY
It will not run on other chart symbols.
Although EURJPY is used internally as part of the currency-strength calculation, the indicator itself is designed specifically for EURUSD and USDJPY charts.
How It Works
The indicator breaks the selected pair into its individual currencies and calculates their relative strength.
For the calculations, it uses:
EURUSD
USDJPY
EURJPY
These three currency pairs allow the indicator to derive relative strength for EUR, USD, and JPY.
Asymmetric Bull & Bear Power
Instead of treating bullish and bearish movement identically, the indicator measures how far the candle's high and low extend from an EMA.
Bull Power measures upside reach above the EMA.
Bear Power measures downside reach below the EMA.
Both are normalized using ATR, allowing the strength calculation to adapt to current market volatility.
The resulting movement is then given additional weighting when bullish or bearish pressure becomes stronger.
This creates an asymmetric currency-strength model designed to emphasize stronger directional expansion.
Timeframe Engine
Choose from:
5 Minutes
15 Minutes
30 Minutes
1 Hour
4 Hours
Daily
Session Mode
The selected timeframe determines how the strength calculation is accumulated and reset.
Session Mode
The Session Mode is designed to track currency strength separately around major intraday market sessions.
It recognizes:
Asian Session
London Session
New York Session
Session Mode resets the strength calculation when a new tracked session begins.
This can be useful when analyzing session momentum, London breakout, New York momentum, Asian range behavior, and changes in currency strength between sessions.
Strength Meter
The built-in Currency Strength Meter displays the relative strength of the two currencies on the current chart.
For example:
EURUSD → EUR vs USD
USDJPY → USD vs JPY
The meter dynamically scales the displayed strength values so the relationship between the two currencies can be viewed quickly.
Relative Strength Scatter Graph
The optional Relative Strength Scatter Graph provides another way to visualize currency strength.
It categorizes the current relationship into areas representing:
Strong
Improving
Weakening
Weak
It also compares current strength with previous strength to show whether currency momentum is improving or deteriorating.
What It Can Help Analyze
This indicator is designed for traders analyzing:
EURUSD currency strength
USDJPY currency strength
EUR vs USD strength
USD vs JPY strength
Forex market bias
Currency momentum
Relative strength
Session strength
London session
New York session
Asian session
Forex breakouts
Trend continuation
Momentum shifts
Bullish and bearish pressure
ATR-normalized strength
Intraday Forex trading
Best Use
The indicator is specifically built for EURUSD and USDJPY Forex analysis.
It can be particularly useful when trying to determine which currency is currently showing greater directional strength rather than looking at the pair alone.
For example, on EURUSD:
Strong EUR + Weak USD → bullish EURUSD conditions
Weak EUR + Strong USD → bearish EURUSD conditions
On USDJPY:
Strong USD + Weak JPY → bullish USDJPY conditions
Weak USD + Strong JPY → bearish USDJPY conditions
These relationships should be treated as market context, not guaranteed trading signals.
Key Features
EURUSD-only / USDJPY-only design
Currency strength analysis
EUR, USD and JPY strength engine
ATR-normalized Bull Power / Bear Power
Asymmetric bullish/bearish weighting
Session-based strength tracking
5m, 15m, 30m, 1H, 4H and Daily engines
Asian, London and New York session mode
Currency strength meter
Relative strength scatter graph
Momentum and strength-change visualization
Currency Strength Session & TF Breakout is a specialized EURUSD and USDJPY currency strength indicator designed to compare the relative strength of the currencies behind the pair.
The indicator analyzes EUR, USD, and JPY strength using price movement, EMA-based Bull Power / Bear Power, ATR normalization, and directional weighting.
It provides two analysis modes:
Trailing Relative Strength
Relative Strength Scatter Graph
IMPORTANT — Supported Pairs
This indicator ONLY works on:
EURUSD
USDJPY
It will not run on other chart symbols.
Although EURJPY is used internally as part of the currency-strength calculation, the indicator itself is designed specifically for EURUSD and USDJPY charts.
How It Works
The indicator breaks the selected pair into its individual currencies and calculates their relative strength.
For the calculations, it uses:
EURUSD
USDJPY
EURJPY
These three currency pairs allow the indicator to derive relative strength for EUR, USD, and JPY.
Asymmetric Bull & Bear Power
Instead of treating bullish and bearish movement identically, the indicator measures how far the candle's high and low extend from an EMA.
Bull Power measures upside reach above the EMA.
Bear Power measures downside reach below the EMA.
Both are normalized using ATR, allowing the strength calculation to adapt to current market volatility.
The resulting movement is then given additional weighting when bullish or bearish pressure becomes stronger.
This creates an asymmetric currency-strength model designed to emphasize stronger directional expansion.
Timeframe Engine
Choose from:
5 Minutes
15 Minutes
30 Minutes
1 Hour
4 Hours
Daily
Session Mode
The selected timeframe determines how the strength calculation is accumulated and reset.
Session Mode
The Session Mode is designed to track currency strength separately around major intraday market sessions.
It recognizes:
Asian Session
London Session
New York Session
Session Mode resets the strength calculation when a new tracked session begins.
This can be useful when analyzing session momentum, London breakout, New York momentum, Asian range behavior, and changes in currency strength between sessions.
Strength Meter
The built-in Currency Strength Meter displays the relative strength of the two currencies on the current chart.
For example:
EURUSD → EUR vs USD
USDJPY → USD vs JPY
The meter dynamically scales the displayed strength values so the relationship between the two currencies can be viewed quickly.
Relative Strength Scatter Graph
The optional Relative Strength Scatter Graph provides another way to visualize currency strength.
It categorizes the current relationship into areas representing:
Strong
Improving
Weakening
Weak
It also compares current strength with previous strength to show whether currency momentum is improving or deteriorating.
What It Can Help Analyze
This indicator is designed for traders analyzing:
EURUSD currency strength
USDJPY currency strength
EUR vs USD strength
USD vs JPY strength
Forex market bias
Currency momentum
Relative strength
Session strength
London session
New York session
Asian session
Forex breakouts
Trend continuation
Momentum shifts
Bullish and bearish pressure
ATR-normalized strength
Intraday Forex trading
Best Use
The indicator is specifically built for EURUSD and USDJPY Forex analysis.
It can be particularly useful when trying to determine which currency is currently showing greater directional strength rather than looking at the pair alone.
For example, on EURUSD:
Strong EUR + Weak USD → bullish EURUSD conditions
Weak EUR + Strong USD → bearish EURUSD conditions
On USDJPY:
Strong USD + Weak JPY → bullish USDJPY conditions
Weak USD + Strong JPY → bearish USDJPY conditions
These relationships should be treated as market context, not guaranteed trading signals.
Key Features
EURUSD-only / USDJPY-only design
Currency strength analysis
EUR, USD and JPY strength engine
ATR-normalized Bull Power / Bear Power
Asymmetric bullish/bearish weighting
Session-based strength tracking
5m, 15m, 30m, 1H, 4H and Daily engines
Asian, London and New York session mode
Currency strength meter
Relative strength scatter graph
Momentum and strength-change visualization
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
نص برمجي مفتوح المصدر
بروح TradingView الحقيقية، قام مبتكر هذا النص البرمجي بجعله مفتوح المصدر، بحيث يمكن للمتداولين مراجعة وظائفه والتحقق منها. شكرا للمؤلف! بينما يمكنك استخدامه مجانًا، تذكر أن إعادة نشر الكود يخضع لقواعد الموقع الخاصة بنا.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.