Disliked{quote} Â How the icorrel8 calculates it's data? Does it call for all related 7 pairs to the currency?Ignored
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Disliked{quote} Â How the icorrel8 calculates it's data? Does it call for all related 7 pairs to the currency?Ignored
Disliked{quote} Great question but I have no answer for you, sorry...you would have to ask the developer, who is some anonymous person at mql5.com. I have only studied the indicator in great depth, so I understand how it "behaves" in different market conditions and what to look for in terms of entry and exit etc. I really have no idea what makes it "tick", but I am sure glad I found it!Ignored
Disliked{quote} I've come to this thread mainly because of the pdf in my post earlier. I want to learn more: When does a currency (or currencies) move? I've tried CCFp, CC, derivatives of them like CCFp Cvert CCFp-Diff and quite few others. I've also tried CSDash, MADDash, FFx USM, PSA for quite awhile....Ignored
Disliked{quote}More to come very soon. Don't forget to subscribe to ensure you receive any updates I send out.Ignored
DislikedA few weeks ago I discovered the iCorrel8 in this thread and I am obsessed, too! I use it for selection of the pair to trade: looking at the 1H iCorrel with all curr to see the strong and weak and the coming crosses of the lines (here it would be nice if the curr were listed on the right side from strong to weak and if there would be a second timeframe to show longer/shorter term numbers). I think it's the best strenght meter I've seen! I trade on renko charts, see pic. If price is under pink line I look for iCorrel8 iPRI 5 to come above 26 and...Ignored
Disliked{quote} Yes you got my attention. And now i'm glued to this thread. The reason behind jumping from one indicator/system is i'm doing some soul-searching. I believe that we're not the same. We're learning same trading system, but later we interpret it on our own. We put this indicator. We put another rules to ourself. That's why innovation born. George C lane with his stochastics in 1950s, Welles Wilder with his Parabolic SAR, RSI, ATR and ADX in 1978. So keep them coming. I hope i'm not interrupting this thread. I have no earlier info about this...Ignored
DislikedHi, Like i said earlier....... The Way I See It. 1) The main decider is iCorrel8 ( That is ...i use it as the main Trend) 2) When there is a Cross UP on iCorrel8 3) I then look on QQ if there is .... a) a Cross UP b) both lines Above the Zero line. 4) For Close of the trade a) I use Trailing Stop b) When there is a counter cross on any of the two ( i.e QQE or iCorrel8) which ever comes first. See Pic. I do hope it is clear enough .... rushing out of the house at the moment. Have a great weekend. {image}Ignored
Disliked{quote} Hello Kirkleaforex I might be wrong but I think that strength of currency shouldn't depend on time frame or any other indicator for calculation such as sto, rsi ema cci etc... If it is about time frame then higher TF should be relevant like daily time frame... FeruFx created nice indicator on appearance but based on indicators and I considered it useless... I do not know what should be used to get real strength for currency but I have clear opinion what shouldn't. Reason for me to look such indicator for strength of currency is to chose...Ignored
Disliked{quote} Hi ruma29 thanks for being here. I particularly like multiple TF analysis. Just as any indicator will show "underlying" conditions on larger TF's, the Correl8 does the same. Because I am a day trader (and a scalper at heart!) then I look for underlying strength on the H1 and M15, and trade the M1 and M5 in between pivot points. I am only after 10 or 20 pips a day so there is no need for me to look at longer TF's for capturing larger swings. So, to put it all together, and taking EURUSD as the example in the screenshots attached, as the H1...Ignored
Disliked{quote} Hi. Can you help mi to build iCorel with higher time frame - on your chart H4. Thank you!Ignored
Disliked{quote} Kirkleaforex, Thank you for your effort to respond...I will review it and spend some time on this indicator...Ignored
Disliked{quote} Hehe you are certainly not interrupting this thread. Your ideas and comments are valid and welcome. Keep them coming. I am glad you are showing a keen interest in how Correl8 can assist your trading.Ignored
DislikedHi Kirk This thread is looking good, appreciate the work you are putting in, could you post the Correl indicator that you are using at present. Thank you RegardsIgnored
DislikedHi Kirk This thread is looking good, appreciate the work you are putting in, could you post the Correl indicator that you are using at present. Thank you RegardsIgnored
Disliked{quote} Thank you so much sir for those kind comments! I'm interested if the indicator/technique able to 'read' all 28 pairs movement as i'm scalping for a few pips here and there. {quote} Hi MeLe. I don't know which version did he use. You can see the attachment -paper clip icon above this thread. {image} As for me, i use another correl indicator from mladen. It is mtf - multiple time frame. For example, if you're on m15 chart you can see higher tf, such as m30, h1 or h4. It is the same if you're on m1. You can see any correl above m1 like m5,...Ignored
Disliked{quote} Hi again...i am using this only on the majors as i like to limit my spread to 2 pips or so. But in the settings you can turn individual currencies on and off so you get every combination available. One idea i am investigating is creating a matrix style indicator which shows the previous candle separation value for ALL 28 pairs, for ALL time frames, with user input to select specific pairs / TFs to be shown. I expect this to visually look like a kind of "heat map" with colour-coded variables depending on the volatility of the separation....Ignored
QuoteDislikedI have been testing out a simple system almost exclusively looking at price action with fairely good results.This is how it is done:
1.Open any chart with 4 hr bar
2.add CCfp Indicator.
3. look for differences of each currency on the data menu of the LAST TWO 4hr bar.
4 Open the postion 5-10 minutes after the new bar has opened
The account has grown pretty good with alsmost no loss so far in the last one month.
Disliked{quote} Hi again...i am using this only on the majors as i like to limit my spread to 2 pips or so. But in the settings you can turn individual currencies on and off so you get every combination available. One idea i am investigating is creating a matrix style indicator which shows the previous candle separation value for ALL 28 pairs, for ALL time frames, with user input to select specific pairs / TFs to be shown. I expect this to visually look like a kind of "heat map" with colour-coded variables depending on the volatility of the separation....Ignored
Disliked{quote} Hey there and thanks for stopping by! Currently i am testing a new prototype and there are some bugs and omissions that need fixing; stuff i originally requestedfrom the programmer which was not completed. Functionality is almost there but not quite so i will hold off posting an incomplete indi until i am certain it will perform as intended. Hoping to have this within the coming weeks. Thanks for your interest. Please subscribe to be sure of getting update notifications.Ignored