Disliked{quote} No problems. About the note on page one. How can we have tick history data to reproduce the wicks? ThanksIgnored
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correlation indi w/audlfx, nzdlfx, eurlfx, jpylfx, usdlfx 0 replies
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Offline Chart data question 5 replies
How calculate usdlfx 2 replies
How to calculate usdlfx? 0 replies
Disliked{quote} No problems. About the note on page one. How can we have tick history data to reproduce the wicks? ThanksIgnored
Disliked{quote} Unfortunately MT4 platform doesn't support ticks history. So, the only way is to run the chart creator EA continuously on a VPS. Another way, which is an approximation, is to use M1 data to estimate wicks. However, this requires us to have access to a deep history of M1 data which is usually not available on Broker's servers.Ignored
Disliked{quote} Thanks for your observation. It will be the same issue if you shift to MT5? I'm almost sure ninjatrader platform has tick data by default. ThanksIgnored
Disliked{quote} Thanks for your observation. It will be the same issue if you shift to MT5? I'm almost sure ninjatrader platform has tick data by default. ThanksIgnored
Disliked{quote} Hi Merka, There is no need for an Expert Advisor to reproduce the LFX indices in MT5. You can create custom symbols in MT5 including wicks, like a standard chart. The formulas are written here https://www.forexfactory.com/showthr...5#post10673445 View -> Symbols -> Custom -> Create Custom Symbol USDLFX in MT5: {image}Ignored
Disliked{quote} Yes It's exactly what i did using your suggestion in an early post and the results are very very good but I used the correct formula for the arithmetic mean as clearly Liteforex USDIndex is mathematically wrong and I managed to re-invert the JPY chart. USDIdex: pow(((USDCAD*USDCHF*USDJPY)/(AUDUSD*EURUSD*GBPUSD*NZDUSD)),(1/7)) if you want the results like in Liteforex just remove NZDUSD from the formula AUDIndex: USDIndex*AUDUSD CADIndex: USDIndex/USDCAD CHFIndex: USDIndex/USDCHF EURIndex: USDIndex*EURUSD GBPIndex: USDIndex*GBPUSD NZDIndex:...Ignored
Disliked{quote}...Why do you think that the formula for USDLFX is mathematically wrong. Is it because NZDUSD is not in the formula, or is it something else?Ignored
Only with the LiteForex formula (one additional factor of "1" and the 7th instead of the 6th root) it is possible to calculate all other indexes quickly from the USDLFX. Not only the known ones but also new ones. Imagine you want to add the TRYLFX index. No problem, you just need USDTRY. With the mathematically correct formula you can't do that and need much more calculation resources for calculation of all indexes (i.e. all crosses).
How does this additional factor of "1" influence the resulting chart shape? Not at all. The "shape form" is absolutely identical except that the USDLFX chart (LiteForex) is a little bit compressed compared to the USDFX6 chart shape. Chart form and therefore indicators, chart patterns, signals, relative support and resistance levels are 100% identical.
Disliked{quote} The LiteForex formula is not wrong, it is smart. geometric mean: USD-FX6 = (USDAUD * USDCAD * USDCHF * USDEUR * USDGBP * USDJPY ) ^ 1/6 USD-FX7 = (USDAUD * USDCAD * USDCHF * USDEUR * USDGBP * USDJPY * USDNZD) ^ 1/7 NZD-FX7 = (NZDAUD * NZDCAD * NZDCHF * NZDEUR * NZDGBP * NZDJPY * NZDUSD) ^ 1/7 LiteForex: USD-LFX = (USDAUD * USDCAD * USDCHF * USDEUR * USDGBP * USDJPY * 1) ^ 1/7 CHF-LFX = (CHFAUD * CHFCAD * CHFEUR * CHFGBP * CHFJPY * CHFUSD * 1) ^ 1/7 or CHF-LFX = USD-LFX / USDCHF NZD-LFX = NZD-FX7 Only with the LiteForex formula (one additional...Ignored
Disliked{quote} If you use 6 pairs in the arithmetic mean calculation you need to use ^1/6. Liteforex use 6 pairs but also use ^1/7 and with that I don't agree but also why not taking into account NZDUSD?Ignored
Disliked...If you can please have a look at my previous post to Mathtrader7 and write a comment, it will be very appreciated...Ignored
Disliked{quote} Hy, I tried to answer your questions in the other thread. https://www.forexfactory.com/showthr...2#post11840112Ignored
DislikedVery interesting things here. Let's say the market follows the same rules for every kind of pairs. Then AUDUSD GBPAUD EURAUD ( AUD Pairs ) and so on , will Stop at the same Resistance or support. Right ? Then the AUD index HAS TO stop at this Resistance level. Right. If not, the index is wrong.Ignored