OPEN-SOURCE SCRIPT
QTF EUR INDEX
QTF EUR Index — Description
The QTF EUR Index measures the overall strength of the Euro by averaging normalized performance across major EUR currency pairs.
Each pair is min-max normalized over a chosen lookback period, creating a clean, comparable EUR strength line.
The indicator includes adjustable pair selection, a 50-period SMA, and an optional label showing how many pairs are used.
Ideal for identifying EUR strength/weakness and improving directional bias when trading EUR-based forex pairs.
The QTF EUR Index measures the overall strength of the Euro by averaging normalized performance across major EUR currency pairs.
Each pair is min-max normalized over a chosen lookback period, creating a clean, comparable EUR strength line.
The indicator includes adjustable pair selection, a 50-period SMA, and an optional label showing how many pairs are used.
Ideal for identifying EUR strength/weakness and improving directional bias when trading EUR-based forex pairs.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código abierto
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Exención de responsabilidad
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.