gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Per your request:
Market is “Flat” in both conditions (rightmost vertical line).
Can we “predict”, based on USD (green) and GBP (red) direction – where the market is going?
Results will follow…
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
ForexGT_Spaghetti is a “Currency Strength” based – not index and not correlation.
It is not based on price only – but on Volume, Momentum, Market share, and ROC (Rate of Change) – of each individual currency.
It is very much like the Dollar index, which takes into account USD relative to a basket of foreign currencies (not all of them are th…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
So from the sounds of this, it sounds more like currency indexes than strength because you are actually not measuring strength but showing what it was and what it is now in terms of just price. Is that correct? Because strength would imply predictive capability. If USD is strongest and JPY is the weakest when speaking of strength, we would expect…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Do the math:
There are 3 possible outcome for each currency movement: Down, Up, Flat
For 2 currencies you have 6 possible math outcome, 4/6 are in your favor or moving sideways.
In reality, I’ve never seen BOTH currencies reverse at the same time.
Furthermore, I don’t trade just based on this one – but with support of either Volatility,…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
This is what it looked like
It’s pretty clear that USDCAD was set to go up even though on USDCAD itself was showing a ranging market the trend is a strong up trend.As for the calculations, its nothing complicated. All I’m doing is trying to combine multiple pairs together. In the first case, combining the currencies that only has to d…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
This is what it looked like

As for the calculations, its nothing complicated. All I’m doing is trying to combine multiple pairs together. In the first case, combining the currencies that only has to do with USD and the other combining the ones that has to do with CAD.
USDCAD long means we are long on USD and short on CAD. That means to…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
For those of you who are trying to trade the “Cross” of two currencies:
It’s probably will be Ok, but “Crosses” are usually too late.
Trade should start with and when two currencies change position either against or away from one another.
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Eurovision 2015: “Here are the results of the Swiss jury: …”
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Here is my ForexGT_Spaghetti indicator – which measure each individual currency strength (8 Majors).
Each currency have it’s own color – the CHF (grey) EUR (blue) and JPY (yellow) are currently highlighted.
Currency strength is one of the most predictive indicators available, if done correctly.
To illustrate this I posted the “not so obvious”…[Read more]
hannele replied to the topic MTH – Having Fun with Standard Indicators in the forum Trading Systems Discussion 11 years, 2 months ago
Hi fxrambo,
mine either, I have to download it to ios (apple) computer and then send it to windows ( all my desktops are win7). That has been only solution since I don’t want chrome…. I am going out but if no help I’ll send it to you tomorrow.
h
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
Saver0 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
Reading the latest ideas presented here yesterday, I realized that I had a very similar indicator made that captures some of this idea but I was using it differently before. I was using it to calculate the price of a basket of currencies.
After looking at it as if its the currency strength, looks like its able to predict the future movement…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
You start your history FOR loop at some xx number of past bars (you can calculate according to TF if you want to set a specific date/time).
Each currency array start with a value of “0” at that starting point. The rest is up to the “standard” indie that you found and like.
You can use mini-charts to display several sessions or stop and start…[Read more]
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
You start you history FOR loop at some xx number of past bars (you can calculate according to TF if you want to set a specific date/time).
Each currency array start with a value of “0” at that starting point. The rest is up to the “standard” indie that you found and like.
You can use mini-charts to display several sessions or stop and start…[Read more]
gg53 replied to the topic MTH – OHLC MTF Moving Average in the forum Indicator discussion 11 years, 2 months ago
Here is my version on the subject:
It shows 1Day, 2Days, 3Days, 4Days, 5Days (weekly) MA’s on any time frame without the need to change params.
Enjoy.
G.
gg53 replied to the topic Currency Strength in the forum General Discussions 11 years, 2 months ago
I already have one, but maybe you can teach an old dog some new tricks… The old dog is eager to learn… Wuff…Wuff…
G.
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