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Updated CCFp and CFP indis for relative strength trading

  • #21
  • Edited 11:16am Dec 17, 2016 10:51am | Edited 11:16am
perhaps something like the visual

opposite peaks is pretty good setup (especially when usd is smack dab int he center) from what i've seen

it seems to me that it also depends on the usd or other normalization base of caomparison though also as you can see the setup wasn't perfect in that example

forgive me for the bad example, but am hoping something good comes from it guys. thanks.

perhaps one must wait for the better setups

IMO can only be done with an ea that gives alerts
up to the coders of course
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  • #22
  • Dec 17, 2016 10:59am Dec 17, 2016 10:59am
Ramadas,
As I see it the CJ should fall as the JPY (blue line) is gaining in strength until about 1745 on your chart whereas the CAD (yellow line) is falling until around (by your chart time) 1315.
Does that help or is it further confusing?
George
  • #23
  • Dec 17, 2016 11:06am Dec 17, 2016 11:06am
hey ferrufx/coders can someone make a version where the usd is somehow always in the middle.... that way we'd know if other currency is really falling or rising without having to tilt the monitor! lol

seriously though perhaps that would be "truly relative" strength, i.e. relative to how much usd is rising or falling

what math or indicator is there that works to do that

is it possible
  • #24
  • Dec 17, 2016 11:20am Dec 17, 2016 11:20am
Quoting 2george
Ramadas, As I see it the CJ should fall as the JPY (blue line) is gaining in strength until about 1745 on your chart whereas the CAD (yellow line) is falling until around (by your chart time) 1315. Does that help or is it further confusing? George
Yes, but CAD JPY is rising and not falling as it should according to CCfp. So it seems CCFp is somehow bugged that it doesn't show the direction of the slope correctly. However any sharp slope in both currencies will point to trending pair. But you cannot use CCFp to gauge direction of the trend.

Maybe I will explain why I am trying it out. I am looking for method showing trending pairs and not ranging markets. I got some losses on 12.12 on USD CAD, because it was ranging market and I am trading breakouts. CCFp is showing correctly that USD and CAD were falling this day, but I did not use the indicator then.

Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #25
  • Edited 11:37am Dec 17, 2016 11:21am | Edited 11:37am
Quoting Ramadas
Thank you all for great indicators. However it seems, the more further back in history one goes, CCFpcv is showing opposite results. Today is 17.12. and I am looking at 13.12. I am looking at angles of currency strength at 30m to trade correct direction later on 5m TF. Current or previous day show OK, but week or later currency strength is showing wrongly. May be it is because some data in history is missing? For example 30m showing that in London session CAD is weakening and JPY is getting stronger. 13.12.2016 {image} But the real M5 chart shows...

the trade was december 12 at 0700, your chart is from december 13th

the trade at 0700 is absolutely perfect as the green line (usd) is exactly in the middle & relatively flat while the other currencies start sharply moving in opposite directions.


see
  • #26
  • Dec 17, 2016 11:25am Dec 17, 2016 11:25am
Quoting Ramadas
{quote} Yes, but CAD JPY is rising and not falling as it should according to CCfp. So it seems CCFp is somehow bugged that it doesn't show the direction of the slope correctly. However any sharp slope in both currencies will point to trending pair. But you cannot use CCFp to gauge direction of the trend. Maybe I will explain why I am trying it out. I am looking for method showing trending pairs and not ranging markets. I got some losses on 12.12 on USD CAD, because it was ranging market and I am trading breakouts. CCFp is showing correctly that...

both currencies, yellow & green, are running in the same direction at the same speed at the same time.... almost perfect correlation there... so obviously then you need something else to pit against them... what was running opposite to them?
  • #27
  • Dec 17, 2016 11:25am Dec 17, 2016 11:25am
Another example from 13.12.16

GBP NZD should fall on London open

Attached Image (click to enlarge)
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but it is rising. However there is a nice trend. But the direction is wrong.

Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #28
  • Edited 12:05pm Dec 17, 2016 11:29am | Edited 12:05pm
Quoting Ramadas
Another example from 13.12.16 GBP NZD should fall on London open {image} but it is rising. However there is a nice trend. But the direction is wrong. {image}

GBP is NOT falling relative to the usd. (look at the green line, it is falling just as fast as the GDP(red). This is a Vital to understand as i see it. The indicator is doing its job. it is our job to recognize that gdp isn't falling against the usd there if they are moving the same direction & the same speed at the same time. see.

hope the example isn't wasted and lost because it is crucial to see this, especially for coders to make an optimal free version
  • #29
  • Dec 17, 2016 11:30am Dec 17, 2016 11:30am
Quoting dagoods
{quote} both currencies, yellow & green, are running in the same direction at the same speed at the same time.... almost perfect correlation there... so obviously then you need something else to pit against them... what was running opposite to them?
If I would have CCFp on 12.12 I would use ranging strategy (supply/demand zones) on USD CAD and not trend strategy. But here I am trying to refine the method more.

Or I would look for currencies going in opposite directions on this day and trade trends. Like for example USD JPY, CHF JPY, CAD JPY, GBP CAD.
Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #30
  • Edited 12:09pm Dec 17, 2016 11:39am | Edited 12:09pm
Quoting Ramadas
{quote} If I would have CCFp on 12.12 I would use ranging strategy (supply/demand zones) on USD CAD and not trend strategy. But here I am trying to refine the method more. Or I would look for currencies going in opposite directions on this day and trade trends. Like for example USD JPY, CHF JPY, CAD JPY, GBP CAD.

yes. BUT ONLY BECAUSE green(usd) was running the same time the same speed as yellow. Without that you got nothing but a fancy colorful squiggly line contraption, that is only good if you can read it correctly. There is nothing wrong with the indicator, unless someone is reading it wrongly.

get it

it is easy once you see it, the logic is very simple. The usd is the benchmark. A perfect indicator would normalize usd to the center, always moving flat along the center somehow, in my vision, the way i see it now.

Perhaps time now for the coders now to make improved free versions, that have good alerts somehow.

Perhaps not. But the truth will reveal itself eventually. Perhaps someone else can explain better so all understand. I don't pretend to know everything about everything all the time. Simply sharing my point of view for whatever it is worth.
  • #31
  • Dec 17, 2016 12:14pm Dec 17, 2016 12:14pm
LOL, I found the reason of the bug.

When you put the CCFp on non-currency market XTI USD or STOXX, then the reading is wrong. I put currency pair and it is working OK.

Attached Image (click to enlarge)
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Cut short your losses. Let your profits run on. David Ricardo (1772-1823)
  • #32
  • Dec 17, 2016 12:44pm Dec 17, 2016 12:44pm
Quoting Ramadas
LOL, I found the reason of the bug. When you put the CCFp on non-currency market XTI USD or STOXX, then the reading is wrong. I put currency pair and it is working OK. {image}

  • #34
  • Jan 22, 2017 6:51am Jan 22, 2017 6:51am
Quoting FerruFx
{quote} Not sure which version you are referring ... but the original uses AUDUSD, EURUSD, USDCHF, NZDUSD, GBPUSD, USDJPY, USDCAD for calculation.
Hi Ferrufx..Hope you are good..It seems this thread is dead but I have question regarding the CCFp indicator..I have been using it for 2 months now and it has never generated any signals for EUR/USD...This is weird..I will be pleased if you can help me resolve this because this indicator has been valuable to me in developing a set and forget strategy.I have attached screenshot of how I set up the indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 494 KB
Attached File(s)
File Type: ex4 CCFp-Diff_[v2.0](1).ex4   96 KB | 937 downloads
Goal of a successful trader is to make the best trades. Money is secondary
  • #35
  • Jan 22, 2017 7:27am Jan 22, 2017 7:27am
Quoting Forexpinbar
{quote} Hi Ferrufx..Hope you are good..It seems this thread is dead but I have question regarding the CCFp indicator..I have been using it for 2 months now and it has never generated any signals for EUR/USD...This is weird..I will be pleased if you can help me resolve this because this indicator has been valuable to me in developing a set and forget strategy.I have attached screenshot of how I set up the indicator. {file} {image}
Look in your settings
Ccfp setting is 10080 which in its self is weekly
Where as
Your on m1 chart
Id think you would need to change this.
Ive sent you pm
  • #36
  • Jan 23, 2017 9:06am Jan 23, 2017 9:06am
Dear Forexpinbar and Devontrader, could please share your settings?
I have a Dream....
  • #37
  • Jan 23, 2017 10:55am Jan 23, 2017 10:55am
Quoting Yanky2016
Dear Forexpinbar and Devontrader, could please share your settings?
Here are all settings.
Goal of a successful trader is to make the best trades. Money is secondary
  • #38
  • Jan 23, 2017 10:57am Jan 23, 2017 10:57am
Quoting Yanky2016
Dear Forexpinbar and Devontrader, could please share your settings?
Here are all settings http://www.forexfactory.com/showthre...59#post9465259 .
Goal of a successful trader is to make the best trades. Money is secondary
  • #39
  • Jan 23, 2017 11:04am Jan 23, 2017 11:04am
Quoting Forexpinbar
{quote} Here are all settings http://www.forexfactory.com/showthre...59#post9465259 .
Thanks, I was referring to the settings that Devontrader shared with you in PM

ummmmmmmmm
Why my User has a yellow flag?
I have a Dream....
  • #40
  • Jan 23, 2017 12:12pm Jan 23, 2017 12:12pm
Quoting Yanky2016
{quote} Thanks, I was referring to the settings that Devontrader shared with you in PM ummmmmmmmm Why my User has a yellow flag?
I dont use his settings..
Goal of a successful trader is to make the best trades. Money is secondary
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