Liteforex INDEX charts formula | Forex Factory

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Liteforex INDEX charts formula

  • #1
  • First Post: May 7, 2020 4:06pm May 7, 2020 4:06pm
Anyone figure out the formula that Liteforex uses for their Index charts ?
  • #2
  • May 7, 2020 4:58pm May 7, 2020 4:58pm
Hi

This link may answer your question.

https://www.forexsoutheast.asia/cryp...ator-ea-2.html
  • #3
  • May 8, 2020 2:41am May 8, 2020 2:41am
Quoting joeylegnon
Anyone figure out the formula that Liteforex uses for their Index charts ?
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.

The original link for LiteForex calculations (not online anymore) is here: http://web.archive.org/.../www.liteforex.com/trading/trading-instruments/indices/
It takes blood, sweat and enough tears to wash away the blood.
  • #4
  • May 8, 2020 10:41am May 8, 2020 10:41am
Quoting emmzett
{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....
Wow thanks for all this info .

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 .
  • #5
  • Edited 12:05pm May 8, 2020 11:53am | Edited 12:05pm
Quoting joeylegnon
...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...
If you apply the same formula as for the other currencies to the JPY the actual value would be in the range of 0.01 to 0.03. Such a chart would look very weird. Similar to regular JPY crosses (which are in the range of 80-150, e.g.g USDJPY = 1USD to 106JPY) the correct way is to calculate the real JPY index (currently at 0.0194) and to multiply the resulting value with 100 (visually bring it "in line" with the other major indexes). This multiplication will change the value but not the shape of the resulting chart (both will be of identical shape). Especially technical analysis (relative highs and lows) will not be affected by such multiplication, it's just kind of a horizontal shift.

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.
Attached Image (click to enlarge)
Click to Enlarge Name: JPYLFX.png Size: 208 KB
It takes blood, sweat and enough tears to wash away the blood.
  • #6
  • Edited Sep 4, 2022 6:19am Sep 3, 2022 11:06pm | Edited Sep 4, 2022 6:19am
Quoting emmzett
{quote} If you apply the same formula as for the other currencies to the JPY the actual value would be in the range of 0.01 to 0.03. Such a chart would look very weird. Similar to regular JPY crosses (which are in the range of 80-150, e.g.g USDJPY = 1USD to 106JPY) the correct way is to calculate the real JPY index (currently at 0.0194) and to multiply the resulting value with 100 (visually bring it "in line" with the other major indexes). This multiplication will change the value but not the shape of the resulting chart (both will be of identical...
Hi
Is there a solution to display the JPY chart correctly?
Alpari's JPY works properly, but its indexes are not complete
Can you introduce a broker that has a complete index?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Index.png Size: 4 KB
Click to Enlarge Name: JPY A.jpg Size: 146 KB
Click to Enlarge Name: JPY L.jpg Size: 142 KB
  • #7
  • Sep 10, 2022 12:44am Sep 10, 2022 12:44am
Quoting Nod32
...Hi Is there a solution to display the JPY chart correctly? Alpari's JPY works properly, but its indexes are not complete Can you introduce a broker that has a complete index?...
I don't know of any other broker offering a better calculated or more complete JPY index. The only way I know and use is to record and calculate indexes by myself.
It takes blood, sweat and enough tears to wash away the blood.
  • #8
  • Last Post: Dec 30, 2022 11:57am Dec 30, 2022 11:57am
Thanks for all the info.

Lite Forex currency indices are down, once again.

I have been able to calculate the value of indices using the above mentioned formula. Now the question is how to get forex index charts to show real-time.

Can anyone give a solution?
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