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.
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… USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7
I guess this is the true understanding of the 7 parameters. Thanks a lot mister G.
Nothing has ever motivated me more than this...
Info on clusters here https://www.mql5.com/en/articles/1464 pip
Nice contribution, thanks…
Nothing has ever motivated me more than this...
Info on clusters here https://www.mql5.com/en/articles/1464 pip
Thanks mate
Edit: at that link, they have 3 variables with 3 equations (need cross pair for this). This is the way Kiads did. GG does not use cross pair, just using 7 parameters to get the value of USD. Then other currency value can be get from each pair.
You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Hi all,
I have a stupid question, so is it possible to calculate all the other major currency like (EUR/7, GBP/7, AUD/7, NZD/7, CHF/7) individually and display and place them all side by side to compare like a meter or histogram or numbers? I mean so we can correlate?
It would be great if there’s an indicator something like that, hopefully its not a dumb idea.
Best Regards,
LearnAlways
I only know I know nothing
Skype: learnalways@outlook.comYou need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Hi all, I have a stupid question, so is it possible to calculate all the other major currency like (EUR/7, GBP/7, AUD/7, NZD/7, CHF/7) individually and display and place them all side by side to compare like a meter or histogram or numbers? I mean so we can correlate? It would be great if there’s an indicator something like that, hopefully its not a dumb idea. Best Regards, LearnAlways
May be i am wrong, but i think we can get EUR value by multiplying EURUSD * USD. This USD is the value we get from 7 parameters calculation.
You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Hi all, I have a stupid question, so is it possible to calculate all the other major currency like (EUR/7, GBP/7, AUD/7, NZD/7, CHF/7) individually and display and place them all side by side to compare like a meter or histogram or numbers? I mean so we can correlate? It would be great if there’s an indicator something like that, hopefully its not a dumb idea. Best Regards, LearnAlways
Yes.
ALL Crosses are based on those 7 Major currency pairs.
I have such an indicator (not for share), but it’s quite easy to build one.
G.
You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Hi all, I have a stupid question, so is it possible to calculate all the other major currency like (EUR/7, GBP/7, AUD/7, NZD/7, CHF/7) individually and display and place them all side by side to compare like a meter or histogram or numbers? I mean so we can correlate? It would be great if there’s an indicator something like that, hopefully its not a dumb idea. Best Regards, LearnAlways
May be i am wrong, but i think we can get EUR value by multiplying EURUSD * USD. This USD is the value we get from 7 parameters calculation.
Right!
The only issue is to get correct and reliable USD value – which is the most important one.
All the rest is peanuts…
G.
To sum things:
28 currency pairs can be accurately reduced to just 7 Major currency pairs.
The common denominator of those 7 Majors is the USD.
Find the USD correct value and direction – and you have almost the whole Forex market view.
That’s why Currency-Strength IS the MOST important indicator, and it’s predictive one.
G.
You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Right! The only issue is to get correct and reliable USD value – which is the most important one. All the rest is peanuts… G.
Hi G,
This correct and reliable USD value is based on volume, momentum, etc ? Do we calculate it based on current bar (i=0) compare to previous bar (i=1) ?You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Right! The only issue is to get correct and reliable USD value – which is the most important one. All the rest is peanuts… G.
Hi G, This correct and reliable USD value is based on volume, momentum, etc ? Do we calculate it based on current bar (i=0) compare to previous bar (i=1) ?
The bar (i=0) isn’t closed yet and it’s still moving. Always start with recent closed bar.
Compare recent closed bar to (i+xx) previous bar, the xx parameter is intended to “smooth” the indie movement.
My xx parameter is adaptive and not constant.
The end result should be multiplied by a factor of “market share” of that currency. Other factors are for “fine tuning”.
That indicator, displaying all 8 major currencies, will let you choose the correct pairs to trade and avoid trading weak or ranging trends.
From that general indicator you can create a specific pair indicator, that will show the direction of the pair.
That’s about all I’m willing to share about “ForexGT_Spaghetti” Currency-Strength.
G.
You need to find the diff movement of each currency pair. (d) is the diff between current and previous price, or other factor. You shouls decide what are the optimized definitions of “current” and “previous” price. USD = (EURUSDd + GBPUSDd + AUDUSDd + NZDUSDd + USDCHFd + USDJPYd + USDCADd) /7 The above result can be multilied by the currency market share, or other factor(s). G.
Right! The only issue is to get correct and reliable USD value – which is the most important one. All the rest is peanuts… G.
Hi G, This correct and reliable USD value is based on volume, momentum, etc ? Do we calculate it based on current bar (i=0) compare to previous bar (i=1) ?
The bar (i=0) isn’t closed yet and it’s still moving. Always start with recent closed bar. Compare recent closed bar to (i+xx) previous bar, the xx parameter is intended to “smooth” the indie movement. My xx parameter is adaptive and not constant. The end result should be multiplied by a factor of “market share” of that currency. Other factors are for “fine tuning”. That indicator, displaying all 8 major currencies, will let you choose the correct pairs to trade and avoid trading weak or ranging trends. From that general indicator you can create a specific pair indicator, that will show the direction of the pair. That’s about all I’m willing to share about “ForexGT_Spaghetti” Currency-Strength. G.
Thank you very much G. Really appreciate it …
Hello simplex
i don’t know if you are still here or not
But i hope so
Actually i have made my own strategy on renko chart and it takes around 10 months working from me .
i think if you are finished already
Your EA
We can work together if you would like ..
Regards..
Khaled Ibrahim
ifta member – CMT
Hello khaled,
Yes, I’m still around and thanks for your interest in a cooperation. I’m not a ‘fan’ of Renko charts, but I’m interested to learn about your ideas regarding a joint venture.
Please feel free to contact me via PM or publicly in the forum.
My EA is still in the making.
Best,
s.
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
Guys,
I’ve been busy for nearly 8 years or so dealing with that non-FX part of my life. Wasn’t always nice. I have been thinking about taking a new approach regarding FX for several months now.
Now Saver0’s mail regarding his trading system and moving our good old Penguin site to a new domain triggered me. My old login obviously is still working over here.
I’m looking forward to see what I can find here.
CU, sx
A good trader is a realist who wants to grab a chunk from the body of a trend, leaving top- and bottom-fishing to people on an ego trip. (Dr. Alexander Elder)
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