Trader Keit ... Methods Of A Dirt Road Mad Man....
- Joined Apr 2006 | Status: Trader Keit | 286 Posts
Trader Keit ... Methods Of A Dirt Road Mad Man....
Recent Candles indicator 235 replies
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Great recent strength indicator needs alert 0 replies
Recent Strength Idea 3 replies
DislikedThis may be a nonsensical question but I'll ask anyway...
Is it possible to adjust the weight of each currency based on the cost of a pip?Ignored
DislikedAt some point I will try to fix the indicator so that its basis is pips rather than percentages (or at least make 'pips' an option), but I'll need to somehow find a common denominator when summing/averaging the changes in pips across each constituent currency, i.e. NZD is a weighted average of NZDUSD + AUDNZD + EURNZD + GBPNZD + NZDJPY etc. In the mean time it's a case of manually placing one's own estimated values into the Scale Factors.Ignored
DislikedNot sure whether this help because I didnt read the whole thread. Here is how I create a common denominator for currency index. To find other currency index, you just need to multiply "USD/(1 cluster unit)" with other currency pair.Ignored
DislikedNot sure whether this help because I didnt read the whole thread. Here is how I create a common denominator for currency index. To find other currency index, you just need to multiply "USD/(1 cluster unit)" with other currency pair.Ignored
Maybe I'm skipping too many factors though, such as news in one currency not applying to another currency, patterns typical of one currency having little to do with those of another's, etc.
Wait...
That's an Index, like the S&P or something.
DislikedMany thanks for your attempt to help - much appreciated - but I'm afraid it's a case of pearls before swine, as you're talking to a guy who flunked high school math.Ignored