Hmmm – I’m afraid that <Ctrl-c> <Ctrl-v> is all it takes to type that.

Has anybody followed that link in the 1st post? Is it safe?

I see – thanks for clarifying! Actually I always try to avoid any simple pips calculation in my indicators. As you stated, a pip is not a comparable unit when different pairs are in question. I think that the relation of ROC and ATR is what really matters, at least when heading for swings or shorttime trends.

I’m trying to follow your hint to…[Read more]

I see – thanks for clarifying! Actually I alwasy try to avoid any simple pips calculation in my indicators. As you stated, a pip is not a comparable unit when different pairs are in question. I think that the relation of ROC and ATR is what really matters, at least when heading for swings or shorttime trends.

I’m trying to follow your hint to…[Read more]

G, thank you again for your input! That sounds reasonable, and I’ll certainly give it a try. Today I haven’t had enough time to finish it, and probably won’t have during the weekend. As I understand your proposal, you’re putting some emphasis on the term “plain” Currency Strength. I think there could be different definitions fulfilling this term…[Read more]

Has Hollywood already called?

Nice job!

Ahhh – now I got it: as I stated, I was missing time zone information to find the exact point, not the time frame!

There are 4 different algos implemented to choose from:

ROC -> percent change
2 versions of PFE -> normalized efficiency of move
MFI -> volume dependent strength index

None of them uses a simple pip counter, imo.

Yep, ok! I will implement that in some future release!

Thanks again!

Since I don’t know which time zone is shown in your pic, I failed to find the exact point in order to display the situation on chart.

Furthermore, I don’t think that every movement of any two lines of a CS indicator must be reflected as a correlating move of their combined instrument. Obviously, in CS values and gradients of all…[Read more]

Thank you for your replies, gg53!

Great – got that! So the slope of each line should be more important than its current value, right?

No, certainly not! But what are we doing here? Watching prices in the recent past and trying to find an edge for our trading while calculating where prices might move in the near future. How does ‘market…[Read more]

Thanks! Maybe you could suggest a specific algorithm for including market share? I don’t think that this makes sense, but if you describe an algorithm in detail I’m willing to give it a try!

Great thread bro, very interesting. Do you include market share of each currency to your indicator ?

I think there are guys around who have some experience with the original FXcorrelator. The following code sequence was taken from the original one (after some renaming, etc.) without questioning its logic:

vUSD = (- vEUR_USD     - vGBP_USD - vAUD_USD + vUSD_CHF + vUSD_JPY - vNZD_USD + vUSD_CAD) / 7.0;
vEUR =    vEUR_USD + ( - vGBP_USD - vAUD_U…[Read more]

Ok – I did it!

You’ll find my mod over there:

http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/#post-7882

Have fun, sx.