A-B Currency Movement Tool - FOREXCOM

The A–B Currency Movement Tool is a manual forex pair-selection and market-comparison tool designed to analyze how the 8 major currencies behaved during a specific impulse move selected by the trader.

The tool covers:

AUD • NZD • CAD • USD • JPY • EUR • GBP • CHF

and analyzes the 28 unique currency combinations using FOREX.com (FOREXCOM) price data.

How It Works

The trader manually selects two points on the chart:

Point A → Start of the move
Point B → End of the move

The A–B line defines the time window only.

During exactly the same period between A and B, the indicator checks the price movement of all 28 currency pairs.

For each pair:

If price increased from A to B, the base currency gains strength and the quote currency loses strength.
If price decreased from A to B, the quote currency gains strength and the base currency loses strength.

Each currency is therefore compared directly against the other 7 currencies.

Reading the Score

Scores range from +7 to -7.

+7 = Stronger than all 7 currencies
+5 = Stronger than 6 of 7
+3 = Stronger than 5 of 7
+1 = Stronger than 4 of 7

-1 = Weaker than 4 of 7
-3 = Weaker than 5 of 7
-5 = Weaker than 6 of 7
-7 = Weaker than all 7 currencies

The currencies are automatically ranked from strongest to weakest in the top-right table.

Note di rilascio

The A–B Currency Movement Tool is designed to measure currency strength and weakness across all 8 major currencies—AUD, NZD, CAD, USD, JPY, EUR, GBP and CHF—using all 28 FOREXCOM currency pairs. You manually select Point A and Point B around the market move you want to analyze, and the indicator measures how each currency behaved during that move. Each currency is evaluated through its seven related pairs, producing a score from +7 to -7, where +7 represents 7/7 strength and -7 represents 7/7 weakness. We added a new live B→NOW measurement that begins from your manually selected Point B and continuously measures what all currencies are doing after the original move. This allows you to compare the original A→B impulse with the current B→NOW movement and see which currencies are gaining strength or becoming weaker during a pullback. We also added a Measurement Timeframe setting so the calculation remains locked to your chosen timeframe. For example, if you select 1H as the measurement timeframe, both A→B and B→NOW continue using 1-hour data even if you change your TradingView chart to 15M, 5M or 4H. The purpose of the indicator is not to predict the depth of a pullback or automatically provide an entry signal; it is a measurement tool that lets you identify the original strongest and weakest currencies and then monitor live changes in currency behavior after Point B, which can help identify which counter-currency is driving a shallow or deep pullback.

Script open-source

Nello spirito di TradingView, l'autore di questo script lo ha reso open source, in modo che i trader possano esaminarne e verificarne la funzionalità. Complimenti all'autore! Sebbene sia possibile utilizzarlo gratuitamente, ricordiamo che la ripubblicazione del codice è soggetta al nostro Regolamento.

mnpvirk

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Script open-source

mnpvirk