I created this tool for the purpose of determining strongest and weakest currencies over different periods of time. Each major currency is compared to the field of other majors and its average change is measured over a predetermined period of time. The result is displayed as a percentage. I use it for trend following but it can also be used to fade exhaustion.
- Add indicator to chart
- Select a time frame under settings
- Place cursor over period of interest
- Click "Data Window" on right hand side bar
- View % change avg values for each currency