Very interesting system shared by ES.
it seems like there is a commercial version of this indicator. I checked and observed some similarities and differences
Similarities
1. they both seemed to be based off a similar formular for deriving their final values as comparing them on my chart gave similar readings
differences
1. the commercial indicator always requires the one minute charts of various currency pairs to be open to function properly
2. the commercial indicator only displays the relative strength of the the two currencies on the chart (the base and the counter) not the whole basket
3. the commercial indicator has a histogram to display the differences (like a MACD) of the two lines
4. the commercial indicator also has a red and green color indicator that tells when the present histogram is higher than or lower than the previous one.
I wonder if it is possible to code ours to do the same especially the 2,3,4 listed above
it seems like there is a commercial version of this indicator. I checked and observed some similarities and differences
Similarities
1. they both seemed to be based off a similar formular for deriving their final values as comparing them on my chart gave similar readings
differences
1. the commercial indicator always requires the one minute charts of various currency pairs to be open to function properly
2. the commercial indicator only displays the relative strength of the the two currencies on the chart (the base and the counter) not the whole basket
3. the commercial indicator has a histogram to display the differences (like a MACD) of the two lines
4. the commercial indicator also has a red and green color indicator that tells when the present histogram is higher than or lower than the previous one.
I wonder if it is possible to code ours to do the same especially the 2,3,4 listed above
Attached Image
Two is a coincidence; three is a pattern!