I've finished a new website feature tonight that displays currency strength graphs based on parameters you choose.  You can specify how you want relative strength to be calculated, either the simple moving average, exponential moving average, or TRIX with a period between 2 and 14 days. 

The whole idea was inspired by a trading model at http://www.mkl.sp.ru/charts.html. He no longer keeps his calculations updated so I decided to try to perform them myself.  Below is a quote from his site that explains this whole idea best:

Using momentum data derived from relative-strength studies of a basket of currencies, it is possible to calculate an average “exchange rate” involving any two currency families and plot its rising and falling action on a graph. If the rate is rising, the odds favor a long trade in the pair. If the rate is falling, the odds favor a short trade. This is valuable information to have, but by digging deeper into the data we can learn even more. 

You can click the link to the left, "Currency Strength" or browse to http://www.forexproject.com/staticfiles/forex_relative_strength.php 

Read or add comments about this item.

No. 1 :

looks like you've got an error in your img tag

Submitted by david • 2006-01-28 09:41:31

No. 2 :

No error. It won't display an image until parameters are selected and submit is clicked.

Submitted by Rich • 2006-01-28 10:02:58

No. 3 :

Maybe you can explain better as it will not work for me either. I select one of the graph type radio buttons and then a number for the period and click submit. Then a line such as this comes up:

<img alt="Forex Relative Strength - SMA, EMA, and TRIX" src="http://www.forexproject.com/staticfiles/ema_rs.php?period=5>"

Submitted by Cody • 2006-01-28 12:24:48

No. 4 :

My bad. I test my site usually just using firefox. It doesn't work for Internet Explorer. I will fix. Thanks for the heads up.

Submitted by Rich • 2006-01-28 15:04:10

No. 5 :

Thanks Guys. This is fixed now for Internet Explorer.

Submitted by Rich • 2006-01-28 15:21:15

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