The CSI shows the Currency Strength Index indicator in separate window. This indicator's comparison is calculated by the same algorithm as the CurrencyStrength.

Usage

The CSI shows the Currency Strength Index indicator in separate window. At most 8 lines are drawn in the chart. In default setting, USD is yellow, EUR is blue, JPY is red, GBP is cyan, AUD is lime, NZD is green, CAD is goldenrod, CHF is white respectively. If the currency is included in the currency pair of chart, the line is the solid and the dot otherwise. If the currency is ''strong'', the indicator value increases (maximum : 100), Conversely ''weak'', it decreases (minimum : -100).

Input Parameters

• Comparator — The algorithm using the comparison. HIGHLOW, SMA, and EMA is available. (Default: HIGHLOW)
• ComparatorParameter — The parameter of Comparator used in SMA and EMA.
• UseUSD — Use USD or not. (Default: true)
• UseEUR — Use EUR or not. (Default: true)
• UseJPY — Use JPY or not. (Default: true)
• UseGBP — Use GBP or not. (Default: true)
• UseAUD — Use AUD or not. (Default: true)
• UseNZD — Use NZD or not. (Default: true)
• UseCAD — Use CAD or not. (Default: true)
• UseCHF — Use CHF or not. (Default: true)

How to calculate the currency strength index

Table 1: Currency pairs

	USD	EUR	JPY	GBP	AUD	NZD	CAD	CHF
USD	-	EUR/USD	USD/JPY	GBP/USD	AUD/USD	NZD/USD	CAD/USD	USD/CHF
EUR	EUR/USD	-	EUR/JPY	EUR/GBP	EUR/AUD	EUR/NZD	EUR/CAD	EUR/CHF
JPY	USD/JPY	EUR/JPY	-	GBP/JPY	AUD/JPY	NZD/JPY	CAD/JPY	CHF/JPY
GBP	GBP/USD	EUR/GBP	GBP/JPY	-	GBP/AUD	GBP/NZD	GBP/CAD	GBP/CHF
AUD	AUD/USD	EUR/AUD	AUD/JPY	GBP/AUD	-	AUD/NZD	AUD/CAD	AUD/CHF
NZD	NZD/USD	EUR/NZD	NZD/JPY	GBP/NZD	AUD/NZD	-	NZD/CAD	NZD/CHF
CAD	USD/CAD	EUR/CAD	CAD/JPY	GBP/CAD	AUD/CAD	NZD/CAD	-	CAD/CHF
CHF	USD/CHF	EUR/CHF	CHF/JPY	GBP/CHF	AUD/CHF	NZD/CHF	CAD/CHF	-

The CurrencyStrength uses 8 currencies and 28 currency pairs at most. Used currency pairs are shown in Table 1. Note that available currency pairs depend on the broker.

Table 2: Comparator sign

	USD	EUR	JPY	GBP	AUD	NZD	CAD	CHF
USD		-	+	-	-	-	-	+
EUR	+		+	+	+	+	+	+
JPY	-	-		-	-	-	-	-
GBP	+	-	+		+	+	+	+
AUD	+	-	+	-		+	+	+
NZD	+	-	+	-	-		+	+
CAD	+	-	+	-	-	-		+
CHF	-	-	+	-	-	-	-

The comparator sign is shown in Table 2. Each sign corresponds to the currency pair of same position in Table 1. The comparator compares the latest value with one before. Signs that equal the table 2 are counted. ''Weak'' is computed with the negated table 2 and sum to ''strong'' count. The total count is divided by the number of available currency decided by input parameters. Finally, the value multiply 100 to scaling.

ex. Target currency is USD.

Comparator results are ...

EUR/USD: -

USD/JPY: +

GBP/USD: -

AUD/USD: -

NZD/USD: -

CAD/USD: -

USD/CHF: +

Signs that equal the table 2 are counted. In this case, the count is 8. The result ''8'' is divided by 8. As a result, USD's CSI is 100.