Add “Prefix” & “Suffix” external params for strange currency-pairs names, or extract the pure pair name inside algo – so everyone can test it.

G.

No, it doesn’t, but never mind…  The thread is not about comparison or competition.

If you are happy with the results – all is Ok.

G.

Your first entry in your handwritten pic is:

“USDx = USD/x” where “x” is the “basket”. Assuming we calculated the USDx according to the known formula.

If the basket is USDx, then “USDx=USD/USDx” then USD = USDx*USDx. that’s look strange…

If not, what is the USD in your formula?

If USD is the unknown variable, what is the “x”?

G.

simplex,

I think that wjaz and me mean one thing and you are correct in your explanations, but refer to another.

In your indicator all currencies are shown correctly (in theory, didn’t check source code) against the USDx basket – except one: the USD itself.

USDx is a “basket” of different currencies with different weight for each one. Based on…[Read more]

simplex,

I think that wjaz and me mean one thing and you are correct in your explanations, but refer to another.

In your indicator all currencies are shown correctly (in theory, didn’t check source code) against the USDx basket – except one: the USD itself.

USDx is a “basket” of different currencies with different weight for each one. Based on…[Read more]

simplex,

How would you calculate the “8 lines” if we had some constant value that every currency can relate to?

Something like GOLD with static, internationaly agreed, value.

I treat the USDx the same way, but in this case the USDx “have a life of it’s own”…

G.

1. USD & USDx – I already explained that I use the USDx as a common denominator. Each currency-pair movement is compared to that index. So in my case USD is not equal USDx.

2. USDx as trading tool – Many (or most) financial institutions are using the USDx (as per my first post on the subject) – and almost never trade against it. I do the…[Read more]

The term “USDx” in all my posts is short for “USD index“, not USD as base currency in currency-pair, or artificial currency-pair.

In any case I’d rather stick to conventional index (which is also used by Banks in some of their calculations) than “invent” my own index – which relates to nothing.

For me the USDx (or USD index) is a trading…[Read more]

The term “USDx” in all my postings is short for “USD index“, not USD as base currency in currency-pair, or artificial currency-pair.

In any case I’d rather stick to conventional index (which is also used by Banks in some of their calculations) than “invent” my own index – which relates to nothing.

For me the USDx (or USD index) is a trading tool…[Read more]

The term “USDx” is short for “USD index“, not USD as base currency in currency-pair.

In any case I’d rather stick to conventional index (which is also used by Banks in some of their calculations) than “invent” my own index – which relates to nothing.

For me the USDx (or USD index) is a trading tool .

G.

The term USDx is short for “USD index”, not USD as base currency in currency-pair.

In any case I’d rather stick to conventional index (which is also used by Banks in some of their calculations) than “invent” my own index – which relates to nothing.

For me the USDx (or USD index) is a trading tool .

G.

The term USDx is short for “USD index”, not USD as base currency in currency-pair.

G.

“USD/x : where x is the ‘basket’ ”   –  How do you calculate USD ?

Does USDx = USD/USDx  ?!?!?!

G.

I think that there is some misunderstanig.

USDx is an index, containing a standard “basket” of other currencies. The formula is Ok.

USD should be calculated against the USDx the same way as all other currencis.

It simply not possible that USD is the same as USDx – since USD is “pure” USD, and USDx is a “basket” containing other currencies and…[Read more]

I think that there is some misunderstanig.

USDx is an index, containing a standard “basket” of other currencies. The formula is Ok.

USD should be calculated against the USDx the same way as all other currencis.

It simply not p[ossible that USD is the same as USDx – since USD is “pure” USD, and USDx is a “basket” containing other currencies…[Read more]

I think that there is some misunderstanig.

USD should be calculated against the USDx the same way as all other currencis.

It simply not p[ossible that USD is the same as USDx – since USD is “pure” USD, and USDx is a “basket” containing other currencies and their relevant “weight”.

G.

Scaling: In this case the scaling is a problem. All below “0” are squeezed and the “0” is not in the center. Although matematically correct, it’s visually misleading.

USDx: In my indicator the USD is calculated the same as the other currencies, and it’s a bit different from the USDx.

Sleeping: It’s “running from reality, and a waste of…[Read more]

Proper trade Entry (“By the Book”):

In the attached you can see the NZD (white) is very strong, and the USD, JPY, CHF falling bellow the “0” line – marked by the RED vertical dotted line.

That’s our “be prepared” for trade entry, but not just yet… We wait for proper timing to go LONG on NZDUSD, NZDCHF & NZDJPY.

The GREEN dotted line signals…[Read more]

Proper trade Entry (“By the Book”):

In the attached you can see the NZD (white) is very strong, and the USD, JPY, CHF falling bellow the “0” line – marked by the RED vertical dotted line.

That’s our “be prepared” for trade entry, but not just yet… We wait for proper timing to go LONG on NZDUSD, NZDCHF & NZDJPY.

The GREEN dotted line signals…[Read more]

I think that the problem is historical scaling.

Your indie is drawing history before the “anchor” or start date, and if there are huge moves in that past – the whole scaling of current session is “shrinked” accordingly – up to a point that medium/large moves are hardly noticed.

G.