DIFF is simple – see red dotted line in this pic. This one is smoothed with a non-adaptive Supersmoother of length 20.

When making this one adaptive, the basic question is which criterion to use in order to calculate the variable coefficients. I’ll try it with standard deviation at first, and maybe signal to noise ratio as an alternative.

J.

Ok, got that! Have you ever tried to use an adaptive averager on those CS lines?

Let’s look at a very simple case first, EURNZD (1st pic) starting a nice downtrend around 4:00 GMT last night (I switched to M30, so it should be easy to locate the events in your chart!). Looking at the unsmoothed values, they turn out to be very rugged as…[Read more]

Hi All!

Version 1.1 here.

Only one new feature this time:

@gg53 suggested an option to switch off the initial smoothing completely. This can now be achieved by choosing indicator period = 0.

When combined with final smoothing off, this will result in a pretty nervous behaviour. Let’s see where this will lead us to – I’m really…[Read more]

Hi G,

Thank you for your proposals!

Ok, it’s easy to switch off the initial smoothing totally (next release!). Meanwhile just try setting indicator period = 0 and adaptive period = 0, this will nearly reduce the initial smoothing to none.

I’m a bit puzzled about your ‘if at all’ statement: I pretend to remember that in a recent post, maybe…[Read more]

Please let me consider audible alerts a B priority also – see post above!

The levels displayed are simple visual guidelines at the moment. As soon as somebody comes up with a strategy that makes reasonable use of flexible levels I will make them flexible. Let’s see this as a ‘give and take’: I provided a basic code for free to the community,…[Read more]

No, there’s no recalculation. What could be a ‘natural’ reason for this issue is loading of price history in the background. To run this indicator, you always need a proper history of all 7 USD pairs involved. Please make sure that this is the case. If the problem is persistent then, please come back with some more detail, including screenshots.

Hmmm – ok. Please let me classify this as a B priority. I’m more focused on a signal system at the moment. Meanwhile just change the colours to your liking.

Enjoy your meal!

For the pair displayed on chart?

Hi All!

OK: a new Italian spaghetti meal – hope you’ll enjoy it and provide some feedback and maybe suggestions for further enhancements.

What’s new?

@gg53 suggested to base it on an adaptive averager. I decided to implement my adaptive version of John Ehlers’ 2-pole Supersmoother.
All other basic arithmetics like PFE were removed for the…[Read more]

Hi G.

Thank you for posting your doubt about my indicator math. As I stated before, I’m eager to discuss that in detail and learn.

I posted my current arithmetics (see my indi source code) to the public, so everybody can review it. I would consider my arithmetics pretty simple, and my coding pretty clean and straightforward.

If you think…[Read more]

Sure – I understand what you mean. This could be provided by very simple arithmetics, but it would just result in manually shifting all CS values to zero as an artificial starting point, connected to a certain point in time, Frankfurt Open. This will result in a different visualization. If this would support your trading style, go ahead.…[Read more]

Thanks G, i will try to change my code.

Agree that exchange price says nothing about strength, but delta does. I think this Delta has relationship with the “anchor” ….

But if we just take a time as anchor (lets say open of Frankfurt session as anchor for beginning of calculation of each day),  may be the code will be like…[Read more]

Trading with fixed lotsizes, you’re right. Sizing dynamically, 0.1 % equals 0.1 %, ignoring different SL levels that may be necessary because of different volatility of each pair, individual trading cost, and similar detail.

It’s not necessary to reflect that in the indicator, because the exchange rate between any two currencies is not a…[Read more]

Thanks a lot Simplex. Will try it soon

Hi again smallcat,

That’s easy. In the 1st post I introduced an FXcorrelator version that uses Ehler’s 2 pole super smoother for finally smoothing the lines. To do that, you’ll calculate a coefficients array at first, and then use the array in the smoothing formula.

Because I’m a lazy old dog, I placed everything in a set of functions for e…[Read more]

Hi smallcat,

I don’t think this is strange. It’s what can be expected when introducing market share to our CS formula in the way you proposed.

Think about it: basically we’re calculating a rate of change in percent or a similar indicator – you mentioned ATR, etc. We’ll do this for every pair involved, and then calculate individual values for…[Read more]

Hi G,

Below is the Fxcorrelator comparison: with & without market share. It looks “strange” may be because of using Percentage, not Pips ….
How to calculate pips change in relation to Market Share ….

thanks in advance.

Hi simplex,

Sorry for late reply, i was busy with my EA …

I do not know whether this is right or wrong (need guide from GG) :

USD = msUSD * USD;
EUR = msEUR * EUR;
JPY  = msJPY * JPY;
etc …

The market share value (msUSD, msEUR, msJPY, etc) can be get from :https://en.wikipedia.org/wiki/Foreign_exchange_market , just scroll down, look…[Read more]

Hi simplex,

Sorry for late reply, i was busy with my EA …

I do not know whether this is right or wrong (need guide from GG) :

USD = msUSD * USD;
EUR = msEUR * EUR;
JPY  = msJPY * JPY;
etc …

The market share value (msUSD, msEUR, msJPY, etc) can be get from :https://en.wikipedia.org/wiki/Foreign_exchange_market , just scroll down, look…[Read more]