10.4 A Complete System

[nanningbob]

Here I post it here and you can try it.

[nanningbob]

Here is a pic of my 10.6 setup. This is a change I made today after this discussion to eliminate eur/chf and eur/gbp since I no longer trade them.

[nanningbob]

Here study these. These indies compare like region currencies. It still compares all 24 pairs for strength and weakness but only shows lines from a geographic area. For example NA shows only USD and CAD, Euro shows EUR, GBP, and CHF, and ASIA shows JPY NZD and AUD.

Some things I noticed were eur and chf follow each other like puppy dogs.
aud and nzd follow each other like pupppy dogs and jpy is usually the opposite. So if aud and nzd are going down jpy will go up.

usd and cad will sometimes mirror each other and sometimes not.

gbp and euro will sometimes mirror each other. Anyway an interesting study tool.

[nanningbob]

Pics of each one look like this. I changed the CAD color from Maroon to White so it would be easier to see.
These only have the 24 pairs compared from the list above. Have fun.

[nanningbob]

gbp and aud are often opposites which is probably why gbp/nzd and gbp/aud are two of the most volatile currencies out there.

[nanningbob]

Enough of this time for bed.

[zentauro67]

That´s great. I´m interested in de-correlation of same region currencies. AUDNZD, AUDJPY, for example have lost much correlation last months and sooner or later they ll go back home. This kind of regional CSS makes easier to spot angles, slopes, etc.

AUD weakness made ranges become trends but it ´s a matter of time things back to the normal.

Thanks, Bob. Making trader´s life easier as always.

[garyfritz]

GMT+3 but it is hard to believe that is the difference as we are looking at dailies.

Mine is also GMT+3, this could be very well causing the difference, because the daily candle starts at a different time.

Not only does the daily candle start at a different time -- there are SIX D1 CANDLES PER WEEK unless you're on GMT+0. Which means anything with a lookback length is changed by a factor of 5/6.

CSS calculates the Slope, which has an internal fixed lookback length of 21 candles. It also uses a 100-candle ATR. Would be interesting to try changing the Slope lookback to 21*6/5 = 25 and ATR lookback to 100*6/5 = 120, and see how that compares to CSS on GMT+0 ....

[TFL999]

GMT+3 but it is hard to believe that is the difference as we are looking at dailies.

Mine is also GMT+3, this could be very well causing the difference, because the daily candle starts at a different time.

Not only does the daily candle start at a different time -- there are SIX D1 CANDLES PER WEEK unless you're on GMT+0. Which means anything with a lookback length is changed by a factor of 5/6.

CSS calculates the Slope, which has an internal fixed lookback length of 21 candles. It also uses a 100-candle ATR. Would be interesting to try changing the Slope lookback to 21*6/5 = 25 and ATR lookback to 100*6/5 = 120, and see how that compares to CSS on GMT+0 ....

There is a setting in the css to add sunday to the monday candle (which I have set to: true). This way you have 5 candles/week again.

[garyfritz]

Hm, I wasn't looking at the latest 10.5 CSS so I didn't see that. Yes, in 10.5 CSS D 1.0.8 I see there's a switch for Sundays. Since Paul wrote it, I'm going to assume it's correct, but in a quick glance it looks like it just offsets the start of the GetSlope calculation so it doesn't start on a Sunday.

It still has an internal 21-candle Slope length and 100-candle ATR, and it does not adjust those for Sundays, so I believe they're still off by a factor of 5/6 unless you're on GMT+0.