Trading using Percent Change

I wonder if anyone ever watching a percent change number?

what I mean by percent change is a percent change of current price from its open price.

I calculated the percent by this formula :

% = (p-o)/o)*100
p = current price
o = open price

currently i use this percent number as a map of current period (monthly, weekly and daily).

I even fibbing this percent change line

example:

GBPUSD

november current high is at around +1.5% and low is at around -0.5% of its monthly percent line

today low is at around -0.382% of its daily percent line


highly appreciated if anyone can post the experience or suggestion about it.


thank you.

I notice the thread title has change..

thank you Admin...

well very quite here..

I'll continue with what I've done..

here it is..

for visualization of a Percent change line I made 2 indicator
1. A Percent Change Fib Line
2. A Percent Change Monitor

I think a picture can speak its self
You can see a percent change fib line indicator in action on my #1 post.
and a Percent Change monitor on an image attached in this post.

The reason nobody answer to this thread is because you might be into something

If you make an average out of the i.e last 30 periods on daily/w/m TF, you have the currency's average range.


This statistics alone is not strong enough to form a trading-strategy but works great for target profits.

Looks interesting but I am not sure how I can you use it yet, but I am looing at it

Thank you aediaz1 for coming here,
yeah..you're right the things i presented here is really really maybe into something..

after looking it more often, those percent lines can be great if it alignment with other thing like prev s/r level/ zone, daily/w/m high low, macd divergence, fib ret/ext, figure number etc.

thank you toddanderson,

put it here when you have any clue about it..

Hi there

Do you still use this or you quit ?!

Fantastic work here, Bandung. Thank you for your contributions.

Hello Bandung! Thank you for this great piece of work. I would like to ask you if would be possible to add a timeshift for the opening price. I use the daily fibs but my broker plots the 0 hour at GMT-3 instead of GMT.

Thank you again!

Hie, Anyone using it? How do it works? Any helps, thanks. The charts itself quite impressive that is why i am interested to learn about it.

Can anyone combine the following indicators, I only need one data from the second picture e.g EURUSD Data to move bottom right of the first picture, and ay-fibGain% to be align to top left corner as indicated in the first picture... thank you...

The smallest percent change I have seen are daily is it possible to do 30 minutes 1 hour 2 hours 3 hours 4 hours 8 hours 12 hours? I think that would be a very good indicator.

Good morning i´m new here, i use that fib gain indicator but i want to set it to another time, my broker shows me gmt+1 and i dont know how to change that, when i use the indicator i have to create manually new lines to set them to the real time, i apply the diference from my broker time to gmt.
Can any one help me to set this indicator to another time, please.

Myaswell use a range indi.
price goes down. So? Now what? Buy or sell?

if at 61.846739 fib then buy? Lol

price points, pips, ranges mean diddly squat.

oh but they work sometimes? Do you guys realise to
make great worthwhile money consistently your strategy better be at 90%+ to get into a break even position. The fact that sometimes a fib, or stoch or price point works is no where near good enough hence why no one makes money here. No more than an interesting coincidence. Fun but wont pay the bills

I use this percents, combined with supports and ressistances like year open prices, monthly, weekly, etc. I set fibbo percents and i include another ones like 50%, 100%, 150%. When i have the map with all the supports and resistances (monthly, weekly, trimestral.....) and all the open prices, i set this fibbo and percentages levels from the daily open price to trade intraday in 5, 15, 30 minutes and in 1 hour, always acording to the trend of the temporality of reference. For example, if i want to trade in 5 minutes i look for the trend in 30 minutes or 1 hour if in this timeframes trend is going down i only trade going down, when the price breaks a level or rebound in a level and give me the pattern on that level and the next support or ressistance is a big one, like new years open or trimestral or an old price congestion, then i open a trade on that direction. The take profit and stoploss depends of the time frame to calculatte them.
This is a great strategy, and it will be very usefull if someone can help me with the indicator, this fib indicator is what i was looking for, but i have the problem with the open time of my metatrader, until i find this i was using a demo of prorealtime cause in this plataform you have a tool to mark the porcentual advances and then i copy them to metatrader.

So please can you help to implement a timeshift to change the open time bar that the ay-fibgain indicator uses to set the levels.

And also if someone is interested in this strategy i can explain it with a few more details. It works great 70 to 80% of the trades are won. Tp and sl are 1 to 1.

Hi

Does any one have a version of PairsPercentChange_mod_snowy that works on Windows 8

PairsPercentChange_mod_snowy woks well on Windows 7 but not on Window 87

Thanks

Hello guys,

Does anyone work with this idea? It´s interesting.

We know that in Forex market is Mathematical Relationship between Forex pairs. So if some currency is going down, some currency must go up, because SUM all differencies is equal zero.

Here I´ll explain what I´m doing right now. I´ll use only 3 currencies EUR / USD / GBP.

I measure % change on all pairs.

1. EUR - EUR/USD & EUR/GBP
2. GBP - GBP/USD & GBP/EUR (1/EUR/GBP or -EUR/GBP % change)
3. USD - USD/EUR & USD/GBP (same as with GBP/EUR....)

In the first picture you can see all currencies and how they move during the time. The black one line is zero. I make linear regression and then you can see how currency oscillate around.... It´s up to you how you will trade it.

This is only one of ideas. There are definitely better ideas, not sure if people are interested in this.

so in others words... you tray to build a diversified portfolio, define the trend, trade in the direction of the trend (medium to long term trend from what i see) using intra-day entries?

Yes and no. Still looking for the best setup.

Today I read thread: Do you believe this market is random? I think this is related to this topic.

Currencies are trade in ratios. When you place a trade you always work with 2 currencies (BBB/QQQ). First one is buying and second one is selling or vicevesa - depent if we buy/sell.

So if we analyze all 28 pairs (from 8 majors currencies) we will see where the money flows. In my point of view there are points when nobody want to sell oversold currency and buy overbuy currency.... Do you see my aim??