MB - Currency Strength ROC

Currency Strength ROC Enhanced is a technical indicator designed to measure and visualize the relative strength of different currencies in the foreign exchange market. Using a Rate of Change (ROC) approach and moving averages, this indicator provides valuable insights into the dynamics of currency strengths.

Key Features:
Relative Strength Measurement:
Calculates the strength of each currency relative to others, allowing you to identify which currencies are appreciating or depreciating.

Strength Histogram:
Presents normalized strength in a histogram format, making it easy to quickly see areas of positive (green) and negative (red) strength

Moving Averages:
Includes moving averages of normalized strength and trend, providing a clear view of the overall direction of strength over time.

Overbought and Oversold Zones:
Highlights critical levels of strength through horizontal lines, allowing traders to identify potential trend reversals.