USDJPY vanilla indicator

12월 1일

This Pine Script indicator, USDJPY Strength Index, helps traders evaluate the strength and momentum of the USD/JPY currency pair. It combines the strength of the US Dollar Index (DXY), the inverse of the Japanese Yen Index (JPYX), and the trend of USD/JPY based on moving averages.

Key Features:
1. Strength Measurement: Calculates a score between 0–100 to indicate USD/JPY momentum.
• Above 70: Strong bullish signal (uptrend likely).
• Below 30: Strong bearish signal (downtrend likely).
2. Trend Analysis: Uses 21 EMA and 50 EMA differences to assess trend direction and strength.
3. Visual Indicators:
• Blue line: USDJPY Strength Index.
• Orange line: 50-period EMA of the index for longer-term trends.
• Background colors: Green (bullish) and red (bearish) highlight strong momentum zones.

This indicator provides clear signals to help traders make informed buy or sell decisions for the USD/JPY pair.

tipp: use horizontal line for mark last low and high. when the blue line comes back again you must be ready for open position if the line bounce back. use engulfing pattern for extra confirmation.

6일 전

릴리즈 노트

updated version to v6