gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that there is some misunderstanig.
USD should be calculated against the USDx the same way as all other currencis.
It simply not p[ossible that USD is the same as USDx – since USD is “pure” USD, and USDx is a “basket” containing other currencies and their relevant “weight”.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Scaling: In this case the scaling is a problem. All below “0” are squeezed and the “0” is not in the center. Although matematically correct, it’s visually misleading.
USDx: In my indicator the USD is calculated the same as the other currencies, and it’s a bit different from the USDx.
Sleeping: It’s “running from reality, and a waste of…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Proper trade Entry (“By the Book”):
In the attached you can see the NZD (white) is very strong, and the USD, JPY, CHF falling bellow the “0” line – marked by the RED vertical dotted line.
That’s our “be prepared” for trade entry, but not just yet… We wait for proper timing to go LONG on NZDUSD, NZDCHF & NZDJPY.
The GREEN dotted line signals…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Proper trade Entry (“By the Book”):
In the attached you can see the NZD (white) is very strong, and the USD, JPY, CHF falling bellow the “0” line – marked by the RED vertical dotted line.
That’s our “be prepared” for trade entry, but not just yet… We wait for proper timing to go LONG on NZDUSD, NZDCHF & NZDJPY.
The GREEN dotted line signals…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that the problem is historical scaling.
Your indie is drawing history before the “anchor” or start date, and if there are huge moves in that past – the whole scaling of current session is “shrinked” accordingly – up to a point that medium/large moves are hardly noticed.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
It looks “strange” on M1 (default params, MAX zoom).
Lines are almost “flat” (compared to previous short history on the same chart).
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Good job, simplex !!
I didn’t test it yet, but it looks good.
It will be beneficial to ADD the USDx (USD index) line (maybe in BOLD, or other line style, and different color) to that indicator.
It is an old habbit of mine to NEVER trade AGAINST it’s general direction…
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Good job, simplex !!
I didn’t test it yet, but it looks good.
It will be beneficial to ADD the USDx (USD index) line (maybe in BOLD, or other line style, and different color) to that index.
It is an old habbit of mine to NEVER trade AGAINST it’s general direction…
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Good job, simplex !!
I didn’t test it yet, but it looks good.
It will be beneficial to ADD the USDx (USD index) line (maybe in BOLD and different color) to that index.
It is an old habbit of mine to NEVER trade AGAINST it’s general direction…
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Ok, now I think that we are on the same “page”…
Since we are dealing with “STRENGTH”, why not use RSI (one of some other options)?
It’s values are already “normalized”, and the same for all currency-pairs.
This can be done by RSI(t)-RSI(t-1), or even RSI(fast)-RSI(slow) on the same bar. RSI(fast)/RSI(slow) …. I think that you already know…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Ok, now I think that we are on the same “page”…
Since we are dealing with “STRENGTH”, why not use RSI (one of some other options)?
It’s values are already “normalized”, and the same for all currency-pairs.
This can be done by RSI(t)-RSI(t-1), or even RSI(fast)-RSI(slow) on the same bar. RSI(fast)/RSI(slow) …. I think that you already know…[Read more]
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
Ok, now I think that we are on the same “page”…
Since we are dealing with “STRENGTH”, why not use RSI (one of some other options)?
It’s values are already “normalized”, and the same for all currency-pairs.
This can be done by RSI(t)-RSI(t-1), or even RSI(fast)-RSI(slow) on the same bar. RSI(fast)/RSI(slow) …. I think that you already know…[Read more]
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
Lot sizing & Money Management is important, but a separate topic. Let’s not clutter pipatronic VIDEO thread.
G.
gg53 replied to the topic I can't remain silent anymore! in the forum General Discussions 10 years, 6 months ago
I’m with you, thanks and much appreciate your words and attitude.
I understand the problems ahead, but I’ll be much happier if I see some Anti-PEGIDA counter-movements, following them on each and every march and gathering, shouting “NO!! We are the people!”.
Until than, I’m worried for Germany (and Europe). We’ve “already been there”…
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that you are going to try or test it on Weight/Factor issue (based on the USDx code logic, MathPow()…).
I believe that the main issue in one step before that: on how to properly calculate and “normalize” the DELTA.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that you are going to try or test it on Weight/Factor issue (based on the USDx code logic).
I believe that the main issue in one step before that: on how to properly calculate and “normalize” the DELTA.
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
I think that you are going to try or test on Weight/Factor issue (based on the USDx code logic).
I believe that the main issue in one step before that: on how to properly calculate and “normalize” the DELTA.
G.
gg53 replied to the topic Nature of Markets – Randomness & Probability in the forum Trading Systems Discussion 10 years, 6 months ago
I still use the Fractal or ForexGT_Arrow in my EA’s and part of it (or it’s logic) with other indies for manual trading.
I can’t relate to the other subjects you raised.
G.
gg53 replied to the topic VIDEO in the forum General Discussions 10 years, 6 months ago
Using % of Balance/Equity on each trade is typical newbies mistake.
How long it will take you to recover from 50% Balance/Equity loss, using half of original lots?
G.
gg53 replied to the topic A Flexible And Compact Currency Strength Indicator in the forum Trading Systems Discussion 10 years, 6 months ago
USDx (or USD index, based on USD trade ballance with major countries):
Usdx=50.14348112 * MathPow(iClose(“EURUSD”,0,i),-0.576) * MathPow(iClose(“USDJPY”,0,i),0.136) * MathPow(iClose(“GBPUSD”,0,i),-0.119) * MathPow(iClose(“USDCAD”,0,i),0.091) * MathPow(iClose(“USDSEK”,0,i),0.042) * MathPow(iClose(“USDCHF”,0,i),0.036);
G.
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