eurusd_cross
Download script
This indicator is designed to provide a multi-layered market perspective by overlaying several different currency relationship metrics into a single visual window. Instead of focusing on just one price chart, it creates a composite view that allows you to observe how various major and minor currency pairs interact with one another simultaneously.
How the Logic Works
The script functions by tracking seven distinct data lines. While the main focus is your primary "Cross" pair (such as EURUSD), the indicator simultaneously calculates six additional mathematical relationships based on other global currency pairs.
Here is a breakdown of how these values are processed:
- Direct Price Tracking: The first line represents the actual closing price of your chosen primary currency pair. This gives you a baseline for the current market movement.
- Ratio Analysis (Division): Three of the lines are calculated by dividing one currency's price by another. For example, it might take the price of EURCHF and divide it by USDCHF. This helps reveal relative strength—essentially showing you which currency is gaining ground against another in a three-way relationship.
- Product Analysis (Multiplication): The remaining three lines are calculated by multiplying two different currency prices together. This provides a unique mathematical aggregate of those pairs, helping to identify combined trends or correlations that aren't visible when looking at the charts individually.
Key Features for the User
- Consolidated View: Rather than opening dozens of separate windows to watch different currency behaviors, this script gathers all that data into one place.
- Customizable Pairs: The logic is flexible, allowing you to define exactly which currency pairs are used for the ratios and multiplications based on your specific trading strategy.
- Historical Context: The indicator processes a specific number of historical bars (defined by the user) to ensure that the lines provide a smooth, continuous trend rather than just a snapshot of the current moment.
In short, this tool is meant to simplify complex market analysis by distilling multiple currency interactions into a single, easy-to-read visual dashboard, helping you spot broader trends across the forex market at a glance.
Price Data Components
11
Views
0
Downloads
0
Favorites
eurusd_cross
#property indicator_separate_window
#property indicator_buffers 7
#property indicator_color1 Aqua
#property indicator_color2 Blue
#property indicator_color3 Red
#property indicator_color4 Yellow
#property indicator_color5 Orange
#property indicator_color6 Green
#property indicator_color7 Black
//------- Ãëîáàëüíûå ïåðåìåííûå --------------------------------------
//------- Âíåøíèå ïàðàìåòðû èíäèêàòîðà -------------------------------
extern string NameCross = "EURUSD"; // Íàèìåíîâàíèå êðîññà
extern string NameMain1 = "EURCHF"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 1
extern string NameMain2 = "USDCHF"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 2
extern string NameMain3 = "EURGBP"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 3
extern string NameMain4 = "GBPUSD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 4
extern string NameMain5 = "EURJPY"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 5
extern string NameMain6 = "USDJPY"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 6
extern string NameMain7 = "EURCAD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 7
extern string NameMain8 = "USDCAD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 8
extern string NameMain9 = "EURAUD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 9
extern string NameMain10 = "AUDUSD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 10
extern string NameMain11 = "EURNZD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 11
extern string NameMain12 = "NZDUSD"; // Íàèìåíîâàíèå îñíîâíîé ïàðû 12
extern int NumberOfBars = 100; // Êîëè÷åñòâî áàðîâ íà÷àëüíîãî îáñ÷¸òà
//------- Áóôåðû èíäèêàòîðà ------------------------------------------
double buf0[], buf1[], buf2[], buf3[], buf4[], buf5[], buf6[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
void init() {
SetIndexBuffer(0, buf0);
SetIndexLabel (0, NameCross);
SetIndexStyle (0, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(0, 0);
SetIndexBuffer(1, buf1);
SetIndexLabel (1, NameMain1+"/"+NameMain2);
SetIndexStyle (1, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(1, 0);
SetIndexBuffer(2, buf2);
SetIndexLabel (2, NameMain3+"*"+NameMain4);
SetIndexStyle (2, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(2, 0);
SetIndexBuffer(3, buf3);
SetIndexLabel (3, NameMain5+"/"+NameMain6);
SetIndexStyle (3, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(3, 0);
SetIndexBuffer(4, buf4);
SetIndexLabel (4, NameMain7+"/"+NameMain8);
SetIndexStyle (4, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(4, 0);
SetIndexBuffer(5, buf5);
SetIndexLabel (5, NameMain9+"*"+NameMain10);
SetIndexStyle (5, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(5, 0);
SetIndexBuffer(6, buf6);
SetIndexLabel (6, NameMain11+"*"+NameMain12);
SetIndexStyle (6, DRAW_LINE, STYLE_SOLID, 2);
SetIndexEmptyValue(6, 0);
}
bool first=true;
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
void deinit() {
Comment("");
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
void start() {
int sh, limit;
int counted_bars=IndicatorCounted();
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars+1;
if(first) { limit=NumberOfBars; first=false; }
for (sh=limit; sh>=0; sh--)
{
buf0[sh]=iClose(NameCross, 0, sh);
buf1[sh]=iClose(NameMain1, 0, sh)/iClose(NameMain2, 0, sh);
buf2[sh]=iClose(NameMain3, 0, sh)*iClose(NameMain4, 0, sh);
buf3[sh]=iClose(NameMain5, 0, sh)/iClose(NameMain6, 0, sh);
buf4[sh]=iClose(NameMain7, 0, sh)/iClose(NameMain8, 0, sh);
buf5[sh]=iClose(NameMain9, 0, sh)*iClose(NameMain10, 0, sh);
buf6[sh]=iClose(NameMain11, 0, sh)*iClose(NameMain12, 0, sh);
}
}
//+------------------------------------------------------------------+
Comments