The indicator will give a arrow when the currencies cross , this is not a signal to buy/sell , but rather a indication of when the currencies have crossed.
When the indicator shows a arrow that a cross has occurred , this means the currency pair has the potential to move in the direction , but it still might not move.
My thinking when writing this indicator , is to look beyond the chart , as all we can see is a 2 dimensions , namely price and time , and we do not know when the market will turn up or down
This indicator attempts to look into the 3rd dimension , namely , how is the currency moving against other currencies.
Think of it like this:
You are traveling on a road , you can see ahead and to the sides , this is 2 dimensions , price and time.
If you could be above your car high up , this will be 3 dimensions , you could see further if there is a storm or there is a traffic jam , and can take another turn or road.
this will be price , time , and affects.
I say affects because currencies are affected by other currencies , maybe more , maybe less , but it is something more we can know by using this indicator , and not just doing mathematical calculations on past time and price movements .
By looking at a chart we see up / down price at constant speed , but how can you know if the trend is strong or weak , well , look and see WHAT the currency is doing against other currencies , this is my 3rd dimension.
When the indicator shows a arrow that a cross has occurred , this means the currency pair has the potential to move in the direction , but it still might not move.
My thinking when writing this indicator , is to look beyond the chart , as all we can see is a 2 dimensions , namely price and time , and we do not know when the market will turn up or down
This indicator attempts to look into the 3rd dimension , namely , how is the currency moving against other currencies.
Think of it like this:
You are traveling on a road , you can see ahead and to the sides , this is 2 dimensions , price and time.
If you could be above your car high up , this will be 3 dimensions , you could see further if there is a storm or there is a traffic jam , and can take another turn or road.
this will be price , time , and affects.
I say affects because currencies are affected by other currencies , maybe more , maybe less , but it is something more we can know by using this indicator , and not just doing mathematical calculations on past time and price movements .
By looking at a chart we see up / down price at constant speed , but how can you know if the trend is strong or weak , well , look and see WHAT the currency is doing against other currencies , this is my 3rd dimension.
Attached Image (click to enlarge)
