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| Currency strength indicator https://www.stevehopwoodforex.com/phpBB3/viewtopic.php?t=1328 |
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| Author: | zen4x [ Fri Dec 21, 2012 5:49 pm ] |
| Post subject: | Currency strength indicator |
Hello all. I wanted to ask you if somebody knows what formula I can use to develop a strength meter. I would like to code an indicator that shows the 8 major components: usd, chf, eur, gbp, aud,nzd, jpy and cad. I saw few formulas but I wanted to ask you if anybody has experience with this concept. The goal would be to develop an oscillator to trade when two inverted correlated pair cross a certain value. Another point is about the backtesting that seems impossible under Empty4. I would love to test the behavior in backtesting to check what are the results of a strategy. Any help is very appreciated. |
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| Author: | SteveHopwood [ Fri Dec 21, 2012 9:49 pm ] |
| Post subject: | Re: Currency strength indicator |
Instead of flogging through this yourself, is there anything at http://www.stevehopwoodforex.com/phpBB3 ... f=45&t=629 that will do the job for you? Or here at http://www.stevehopwoodforex.com/phpBB3 ... f=45&t=639. These two guys are astonishing programmers. Maybe there is something in their threads that can save you a shed-load of programming time? I don't know, but no harm in having a look.  |
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| Author: | zen4x [ Sat Dec 22, 2012 1:54 am ] |
| Post subject: | Re: Currency strength indicator |
Hello Steve, thank you for your reply. Basically I was looking to do something similar to this post. http://www.pimpmyea.com/currencies-strength-weakness/ I wanted to take some code from the Xmeter to calculate the strength of the pairs, but there is much more to do. |
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