CS(0)-CS(1) (or its variation) calculations will give you RELATIVE Currency Strength.

To get ABSOLUTE Currency Strength you need some external “anchor”, such as specific date, xx history bars, or external reference such as related index.

Using both A/M indies will give you a “lethal weapon”…

G.

CS(0)-CS(1) calculations will give you RELATIVE Currency Strength.

To get ABSOLUTE Currency Strength you need some external “anchor”, such as specific date, xx history bars, or external reference such as related index.

Using both A/M indies will give you a “lethal weapon”…

G.

My “problem” with Donchian channels:

Donchian channels are based of Highest/Lowest of xx bars ago. Let’s assume xx=10.

If we use it on M5: what is the significance of 50 minutes ago ?!?! why not 52? why not 45?

If we use it on M15: what is the significance of 150 minutes ago ?!?! why not 170? why not 149?

etc…

etc…

So basically it’s an…[Read more]

My “problem” with Donchian channels:

Donchian channels are based of High/Low xx bars ago. Let’s assume xx=10.

If we use it on M5: what is the significance of 50 minutes ago ?!?! why not 52?

If we use it on M15: what is the significance of 150 minutes ago ?!?! why not 170?

etc…

etc…

So basically it’s an artificial, man made, arbitrary…[Read more]

Yes, Sorry about that mistake. It’s impossible to close BELOW the Low…

G.

Yes, Sorry about that mistake.

G.

Yes.

CS is displayed as line indicator and the ROC of each is displayed as a sorted text, to the right of the same indicator window.

Visually, the ROC is the “angle” of each currency.

G.

BB is just what it is… A simple moving average with its std. deviation.

The only “meaningfull” I got out of it is the BB squeeze, which means flat or ranging market.

But than can be achieved by just looking at the flat angle of the MA…

G.

Basically no. It’s just depends when the retracement started before bar close.

G.

My statement doesn’t relate to previous bar.

The CLOSE must be lower than the HIGH, suggesting that there is not enough “power” to continue in that direction and price fell from its High.

The opposite is true for DownTrend.

G.

My statement doesn’t relate to previous bar.

The CLOSE must be lower than the HIGH, suggesting that there is not enough “power” to continue in that direction and price fell from its High.

G.

I never touch new Platform/Software App until at least ServicePack 1.

As to MT4 – I hate the “forced” move to +600 incompatible upgrade and lack of backward compatability. That’s a sign of troubles ahead – either/or the company’s intentions is to abandon this platform and move to a newer one, or to drop their support of current version.

I’m…[Read more]

I never touch new Platform/Software App until at least ServicePack 1.

As to MT4 – I hate the +600 incompatible upgrade and lack of backward compatability. That’s a sign of troubles ahead – either/or the company’s intentions is to abandon this platform and move to a newer one, or to drop their support of current version.

I’m already prepared to…[Read more]

You are correct by trying to figure this out on >= M30 TF. There is no point in developing such system on smaller TF’s.

Trying to find turning point based on PRICE leads to std. Fractals, which are lagging by at least 2 bars.

Furthermore, the entry will be on the close of the second bar.

Can we do something better than that? or more reliable,…[Read more]

Trying to find turning point based on PRICE leads to std. Fractals, which are lagging by at least 2 bars.

Furthermore, the entry will be on the close of the second bar.

Can we do something better than that? or more reliable, eliminating false entries?

G.

Like I said: another SPAM post from him and I’ll notify him to Facebook, LinkedIn, YouTube as Spammer.

G.

Let’s focus on one issue at a time.

Currently the task is creating a highly reliable Peak & Trough functions.

Defining Trend will be the next.

G.

Please DON’T try to make a trading system. We’ll get to it in small steps.

For now we only need a rigid, reliable, minimal lag, minimal false-signal Peak & Trough Functions.

The next step will be the same rigid, reliable, minimal lag, minimal false-signal Trend Function.

G.

Please DON’T try to make a trading system. We’ll get to it in small steps.

For now we only need a rigid, reliable, minimal false-signal Peak & Trough Functions.

The next step will be the same rigid, reliable, minimal false-signal Trend Function.

G.

If you want to use some kind of “smoothing” don’t use MA’s.

You can use some kind of second order Low-Pass filter.

G.