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Currency Strength - Manual Biases
Currency Strength — Manual Biases
Most currency strength meters calculate strength from price change over X bars. This one works the other way around: you provide the input. It turns your own directional biases per pair into a ranked currency strength table.
How it works
Each pair bias is a pairwise comparison between two currencies:
EUR/NZD short → NZD is stronger than EUR
GBP/USD short → USD is stronger than GBP
For every bias you set, the stronger currency gets +1 and the weaker one −1. The table (top right of your chart) ranks all currencies from strongest to weakest, showing each currency's net score and the number of pairs it was compared in.
Usage
Open the settings and set a bias per pair: "Long" (base currency stronger), "Short" (quote currency stronger), or "—" (pair not included). All 28 major and cross pairs of the 8 major currencies (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY) are available. The more pairs you assess, the more reliable the ranking — with only a few biases, one wrong assessment can flip the order.
Why manual instead of automatic?
If your methodology is built on your own top-down analysis, an automatic strength meter measures something different from what you actually trade. This tool doesn't replace your analysis — it organizes it. It shows you the ranking that logically follows from your own pair assessments, so you can spot which pairs combine your strongest and weakest currencies, and check whether your biases are internally consistent.
Note: the ranking is only as good as the biases you feed it. This is an organizational tool, not a signal generator — always validate any pair against your own trading plan before taking a setup.
Most currency strength meters calculate strength from price change over X bars. This one works the other way around: you provide the input. It turns your own directional biases per pair into a ranked currency strength table.
How it works
Each pair bias is a pairwise comparison between two currencies:
EUR/NZD short → NZD is stronger than EUR
GBP/USD short → USD is stronger than GBP
For every bias you set, the stronger currency gets +1 and the weaker one −1. The table (top right of your chart) ranks all currencies from strongest to weakest, showing each currency's net score and the number of pairs it was compared in.
Usage
Open the settings and set a bias per pair: "Long" (base currency stronger), "Short" (quote currency stronger), or "—" (pair not included). All 28 major and cross pairs of the 8 major currencies (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY) are available. The more pairs you assess, the more reliable the ranking — with only a few biases, one wrong assessment can flip the order.
Why manual instead of automatic?
If your methodology is built on your own top-down analysis, an automatic strength meter measures something different from what you actually trade. This tool doesn't replace your analysis — it organizes it. It shows you the ranking that logically follows from your own pair assessments, so you can spot which pairs combine your strongest and weakest currencies, and check whether your biases are internally consistent.
Note: the ranking is only as good as the biases you feed it. This is an organizational tool, not a signal generator — always validate any pair against your own trading plan before taking a setup.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。