Thread: Currency Strength Indior Trading

Originally Posted by ;

quote A little comment, I'd modifiion sitting prepared with finishing touch required, but I ran in to you thread and got some motivation to get back to it. Thank you for this!

Fxanalysis ,many many thanks to nice word . I touched .God bless you.

This indior and FX news. .

Employing this indior you are able to guess the feasible market reaction of FX news. This egy works best for non-breaking news and non-major changes in news information,as these news has longer impact on markets than normal ones.

If you're taking a look at the normal news then to start with ,look at the currency is loed in indior(just how far from 0? Is it as far as it goes? E.c.), then if the currency is loed away from 0 in ingenious overbought or oversold area, you can try out this approach. Currently these are JPY and GBP:

As you can see they're equally powerful. If news are good for one of those currency then currency might marginally move up then reverse and then change management(if there are no upcoming news for this currency or USD), if news are poor then there is chance of bigger move down and even change of trend(if you can find no upcoming news for this currency or USD). The exact same is if currency is weak only reversed.

I use CCFp and CC for a while, it is nice to find other traders using, also.

Just to help newcomers, my experience is that shortest timeframe which has meaninful outcomes is M30.

Another tip. Determining possible for corrections or trend changes.

Hi Fxanalysis,

thanks to This Wonderful indior. Might it be feasible for the order of the pairs appearing on the chart to be in line with the strength? As in if USD is the most powerful subsequently it appears first and say if NZD is the weakest then it's listed last? Thanks.

Originally Posted by ;

Hi Fxanalysis, thanks to the nice indior. Is it possible for your order of the pairs appearing on the chart to be in line with the strength? As in if USD is your strongest then it appears first and state if NZD is your weakest then it is listed last? Thanks.

How would you decide the potency ? Since I ascertain strength by viewing the angle and length in time for each currency, which is my power indiion, I see those lines as indiion where the cash is flowing.

Fantastic work. Currency strength is just one of the first things I always check before starting in my trades!

'd love your input JPY for now. Cheers.

This looks very similar to Tom Yeoman's currency indior. The text is in another loion and his lets you select and choose your currencies which lowers your CPU resources. At the same time, the input periods are easy to change, and the 0 line can be converted to a base currency. For instance, if you exchange GBP pairs, then create the GBP the 0 line and input JPY, USD, EUR, AUD, and so on, and you get an automatic crossover. So, not certain how much more work that you would like to do because it seems that this is already invented. Best of Luck.

Originally Posted by ;

This seems very like Tom Yeoman's currency indior. The text is at another place and his allows you to pick and choose your currencies which enriches your CPU resources. At the same time, the input periods are easy to change, and also the 0 line could be converted into a base currency. As an example, if you trade GBP pairs, then make the GBP the 0 line and input JPY, USD, EUR, AUD, and so on, and you get an automatic crossover. So, not certain just how much more work that you want to do since it seems this is already invented. Best of Luck.

Sounds interesting ,but you can't reduce use of CPU by turning off any currency, since the things that are using the majority of the electricity are separate from calculations for each currency. Is his indior predied on CCFp? Only one or two updates are intended and they're: calculating all of candles without a lot of CPU usage per tick and alternative is to show just the currencies that are in chosen currency pair.
Thanks!