…and here comes the Long…

G.

Not abnormal – behaving as expected… Definite Short…

G.

Currency-Strength is a very good indicator, but not by itself only.

You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator.

Without Volume indication – the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price.

G.

Currency-Strength is a very good indicator, but not by itself only.

You need to combine signals from BOTH Currency-Strength AND some kind of Volume indicator.

Without Volume indication the movement is erratic, ranging, or very short and misleading. Volume is the thing that drive price.

G.

All the above, with reasoning and indies (a bit older ones) is in the (late…) “Killing Zone” thread @FF.

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“Give-Me” crowd…

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Yeah… Currency-Strength, when done properly, is better than Gold .

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“Give-Me” crowd…

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I wish it was, but the answer is NO.

Major cycle might have undefined number of minor cycles.

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Actualy, there are two cycles. a major trend cycle and minor cycle within it.

The problem is that they are dynamic – which means that the distance between cycle peaks is not constant.

You need an adaptive Algo to identify them.

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Ok, the EA skeleton is ready.

Still need to add Risk/Money-mngmt, position scaling, etc.

The attached chart is of last 2 days forward test.

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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…[Read more]

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.

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.

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.

G.

Right!

The only issue is to get correct and reliable USD value – which is the most important one.

All the rest is peanuts…

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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…[Read more]

Take a look at the example of EURJPY (cross):

it is built with EURUSD and USDJPY.

If you buy EURUSD and buy USDJPY – you basically SELL the USD in EURUSD and BUY the USD in USDJPY. Since you sell and buy the USD at the same time, it is eliminated – and you are left with EURJPY (EUR bought and JPY sold).

The same goes to EURGBP which is built…[Read more]

OMG = Oh, My Gadi…  ;-}

G.