Anyone figure out the formula that Liteforex uses for their Index charts ?

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DislikedAnyone figure out the formula that Liteforex uses for their Index charts ?Ignored

Pay attention to the fact that the LiteForex formula for the JPY index (LFXJPY) is inversely calculated and kind of odd (some would say it's simply wrong). Opposite to all other indexes a rising LFXJPY index value means a falling value of the currency. The correct way to calculate a JPY index would be the formula of the JPYFXI.

The original link for LiteForex calculations (not online anymore) is here: http://web.archive.org/.../www.liteforex.com/trading/trading-instruments/indices/

- | Joined Jul 2019 | Status: Member | 162 Posts

Disliked{quote} You find all formulas for currency indexes (including LiteForex) in the web/command-line part of my MQL framework: Synthetic indexes Pay attention to the fact that the LiteForex formula for the JPY index (LFXJPY) is inversely calculated and kind of odd (some would say it's simply wrong). Opposite to all other indexes a rising LFXJPY index value means a falling value of the currency. The correct way to calculate a JPY index would be the formula of the JPYFXI....Ignored

Yeah JPY index is weird , I guess because all JPY pairs have JPY on the right hand side of the currency pair is why Liteforex makes JPY index go down for strength .

Disliked...I guess because all JPY pairs have JPY on the right hand side of the currency pair is why Liteforex makes JPY index go down for strength...Ignored

Attached a screenshot of the current LiteForex JPY index, mirrored and multiplied by 100. In these cases "scaled-down" means LiteForex when calculating index values takes the 7th instead of the more correct 6th root. Again such a change in the formula just "scales" the resulting chart. In no way it changes shape relations or proportions.