I would say: works as designed

We had a similar discussion before – see: http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/page/2/#post-8179

At the moment, the algorithm uses pure ROC, so if AUD, NZD, and JPY are showing peaks that you’re perceiving as strange it simply means that these currencies…[Read more]

You’re absolutely right: there was a bug relating to refresh buffers on new bars – thanks again for pointing this out!

Bugfixed versions here, the buggy versions in the above post will be deleted.

s.

Sad to hear about that!

Are you really sure about that specific detail? ‘Never’ is a big word.

A very honorable posture!

Many of us are working on price analytics and strategies, with different capabilities. Looking at my current ideas that were triggered by several external sources and most of all by @gg53‘s suggestions in this forum I…[Read more]

That would be easy – fast coding!

I think the best way to catch those is by a continuously rolling time window, without any reset, with a very reactive smoothing or without any smoothing.

Looking forward to your examples – and thanks for your time and discussion!

s.

That would be easy – fast coding!

I think you can catch those by best by a continuously rolling time window, without any reset, with a very reactive smoothing or without any smoothing.

Looking forward to your examples – and thanks for your time and discussion!

s.

Thanks a lot! Please post or PM me about your practical experiences with this special indicator when it comes to real trading. Does this way of visualizing CS really make sense? I’m interested in every possible feedback.

Can certainly be done, will require some work. Could you possibly post details of cases including screenshots where reset…[Read more]

Yes – I already noticed that. Thanks for clarifying anyway. There are so many ideas floating around in my head, it’s not so easy to keep the pace while coding and coordinate with valuable input from the forum.

Now the damage is done: the session coordinator indi is ready and posted.

I’m not sure whether it’s really useful for an EA, but I…[Read more]

I don’t either – except yours!

s.

OK, new toys: I simplified the ASS_Correlator a bit, and built Session_Correlator as a 2nd indicator.

Please adjust reset hours according to your broker’s GMT offset, if you want to synchronize with London or Sydney session open. If you want to reset only once per day, set both reset hours to the very same value.

.ex4 only at the moment – code…[Read more]

OK, new toys: I simplified the ASS_Correlator a bit, and built Session_Correlator as a 2nd indicator.

Please adjust reset hours according to your broker’s GMT offset, if you want to synchronize with London or Sydney session open. If you want to reset only once per day, set both reset hours to the very same value.

.ex4 only at the moment – code…[Read more]

It’s GMT + 2 / 3.

Relative to the cumulated move starting at London Open: yes (represented best by that session reset view).

Relative to some rolling time window: not necessarily (represented by ASS_Correlator_v2 in the last pic).

Let’s look at a new pic to find a final answer: at 18:00 CAD takes the strongest position out of 8 currencies, GBP the weakest. So…[Read more]

Relative to the cumulated move starting at London Open: yes (represented best by that session reset view).

Relative to some rolling time window: not necessarily (represented by ASS_Correlator_v2 in the last pic).

Let’s look at a new pic to find a final answer: at 18:00 CAD takes the strongest position out of 8 currencies, GBP the weakest. So…[Read more]

Ok, let me explain what I mean by a simple example: GBPCAD in the attached pic.

5 vertical lines from left to right:

London open: GBP starting a little stronger than CAD, pair slightly up.
11:00: GBP weakening fast, while CAD remains stable around zero: fast down move, then slowing down
16:30: CAD strengthening fast, while GBP remains…[Read more]

Ok, let me explain what I mean by a simple example: GBPCAD in the attached pic.

5 vertical lines from left to right:

London open: GBP starting a little stronger than CAD, pair slightly up.
11:00: GBP weakening fast, while CAD remains stable around zero: fast down move, then slowing down
16:30: CAD strengthening fast, while GBP remains…[Read more]

Only judging from a quick first analysis: I would say that this is true for a rolling time window, but not for a reset per session.

And most of all it’s a question of the underlying algorithm measuring strength. In my indicator that algo is ROC, proportional to the 1st derivative of price over time. So ROC of strength would result in something…[Read more]

Good point! Let me extend that question of yours a bit: what’s the point about ‘traditional’ daily candles anyway? In a 24/5 market, wouldn’t session candles be more useful? Look at my latest pic: one candle for London/New York, and another one for Sydney/Tokyo, both of them watched through an M5 microscope.

To be honest: until two or three…[Read more]