Currency Strength & Volatility Dashboard by:Mate

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Overview

The Currency Strength & Volatility Dashboard provides a consolidated view of major currencies’ strength and volatility. It displays both daily and weekly performance in percentage terms, current and average pip ranges, and automatically highlights dominant and subordinate currencies.

Main Features

🔹 Daily and Weekly % Change

Calculates daily and weekly percentage change for each currency.

Shows whether the currency is gaining (green) or losing (red) value.

🔹 Daily Pip Range and Average Range

Displays the current daily range (High–Low) in pips.

Compares it to the average daily range (calculated over the chosen period).

🔹 Currency Strength Ranking

Identifies the dominant (strongest positive performer) and the subordinate (weakest performer) currencies.

Provides this information separately for daily and weekly performance.

🔹 Dashboard Visualization

Organized into a table with rows for each currency (USD/DXY, EUR, GBP, JPY, CHF, CAD, SEK).

Easy comparison of performance and volatility across multiple currencies.

hace 12 minutos

Notas de prensa

📘 User Guide – Currency Strength & Volatility Dashboard [Mate]

1. Overview

This indicator is a comprehensive currency strength and volatility dashboard that displays the short-term (daily) and medium-term (weekly) performance of the major currencies (DXY, EUR, GBP, JPY, CHF, CAD, SEK), as well as their actual and average pip movements.

It helps you quickly identify:

which currencies are the strongest or weakest,

how much each moved daily and weekly in %,

the actual pip movement from the daily open upward and downward,

how this compares to historical averages.

2. Displayed Data
Columns:

Currency: the tracked asset (with flag and code).

Daily % Move: price change % from daily open to current.

Weekly % Move: price change % for the week.

↑ Pip: current upward movement in pips (Open → High).

↓ Pip: current downward movement in pips (Open → Low).

Expected Daily Average: average daily range over the past n days.

Colors:

Green values: positive move (currency strength or upward pip move).

Red values: negative move (currency weakness or downward pip move).

Orange values: average daily pip movement.

3. Special Features
📊 Dominant & Subordinate Currencies

At the bottom of the dashboard, the indicator automatically shows:

Dominant currency: the strongest currency in positive territory (daily and weekly).

Subordinate currency: the weakest currency with negative performance.

This gives instant insight into which currency pairs might be most attractive for trading (e.g. dominant vs. subordinate currency pairing → stronger trend potential).

4. Trader’s Interpretation

If the actual pip movement quickly reaches or exceeds the expected average, it may signal a strong trend or high volatility.

If the price stays well below the average, it indicates a low-volatility day, often suggesting range-bound conditions.

Color coding helps to instantly recognize trend direction:

strengthening currency → green row,

weakening currency → red row.

The dominant–subordinate currency pair helps identify the biggest strength imbalance, which often leads to stronger trends.

5. Settings

Daily average calculation period (length): defines how many days are used to calculate the expected daily average.

Pip value (pip multiplier): automatically adjusted per currency pair (e.g. 0.01 for JPY pairs, 0.0001 for EURUSD).

Dashboard position: configurable to display in any chart corner (top-right, top-left, etc.).

6. Summary

This indicator provides in a single dashboard:
✔ daily and weekly strength in %,
✔ actual upward/downward pip movement,
✔ comparison with historical averages,
✔ instant dominant & subordinate currency display.

It makes trend and currency pair selection much easier, especially for day trading and swing trading strategies.

👉 Would you like me to also make a shorter version (like a one-paragraph description) so you can use it directly as the indicator description on TradingView?