Bar is below the zero line – This signifies a negative change in the currency’s performance.
Bar is above the zero line – This signifies a positive change in the currency’s performance.Position: Easily enough, the position of the bar tells you whether a certain currency is bullish or bearish. The arrangement of the bars in the chart is from left to right. You can easily interpret the chart by observing the following properties:Ĭolor: Each bar represents one of the eight major currencies. The indicator generates a chart wherein each currency is represented by a color-coordinated bar that either shoots up or drops down from a common level (zero-line). This is achieved by calculating and consolidating the price percent changes of 28 currency pairs from a certain point in time.
The TIL Currency Index is an intuitive technical indicator for quantifying and visualizing the current momentum and relative strength of the eight major currencies namely: USD, EUR, GBP, CHF, JPY, CAD, AUD, and NZD, in all timeframes.
