The indicator I had on TS a couple of years ago, made some complicated formula to pit all paired combinations of certain currencies together, so that if you took the number of one of these lines and divided by another, it would be the exact price (within a pip or two) of the currency pair. It didn't work to well because I didn't think about putting them all on one chart with a reference point as an origin.
I'll have to go back and work on this again. Maybe I'll run a 1st and 2nd order linear regression to measure the "velocity" and "acceleration" of the line.
I will post bit by bit some clues for this SW (strength/weakness) Tracing System.
On the sample chart (dated 05/21/2007), JPY is the reference currency (the zero-axis). And the colors shown is:
Black - USD
Blue - EUR
Green - CHF
Pink - AUD
Turquoise - CAD
Let's start with this compact version, other currencies not included.
The origin is set @ GMT 21:00 (20/5/07), TF 30 minutes, range is about 24 hours.
Study it a bit, and check your charts, I am sure you will work out some thing.
