Thanks to your comments, I have designed another test for clarifying obscure things. For this purpose, I have created a similar indicator in which the price change is calculated according to the open price of the day and the result is exactly the ...

An indicator for the strength of a currency

I agree with you and this means something pretty serious Sum of all changes is equal to zero at anytime, means to me that if one currency is getting weak, the other currencies (as a whole) are getting strong, and vise versa. In ...

An indicator for the strength of a currency

Thanks for your opinions. I have done a test and calculate the sum of the all 8 signals for each bar. This sum is zero at all times. Does this mean anything to you? image

An indicator for the strength of a currency

This one month is a forward test. Anyone can look at the past 10 years and check if there is any contrary. Thanks a lot for the link

An indicator for the strength of a currency

I am trading a month using this indicator on an ecn-real account. It is proven to me that if we detect the strength or weakness of a currency correctly, then we are in profit. This can be proven using charts and calculating the price change from ...

An indicator for the strength of a currency

I have found an script which downloads all historical data needed: url

An indicator for the strength of a currency

Here we can see that at 9 AM, JPY is strongest and AUD is the weakest. If we sell AUDJPY, the trade will soon loses. image Here is the chart of the AUDJPY at that time: image It is not important which one is the strongest and which one is the ...

An indicator for the strength of a currency

Very good, that is why I am here too. This indicator is based on all pairs and it is better to trade and consider all pairs of a currency at the same time. As you can see in figures I have posted until now, you can benefit from ...

An indicator for the strength of a currency

Thanks for your exact notations. For this purpose, I have suggested the weekly indicator in which the behavior is exactly like daily except a bias. So, we can find those exact support/ resistance levels at weekly indicator too. Using moving ...

An indicator for the strength of a currency

At the last friday, GBP had a buy opportunity: image Entry level: -1.3 % Stop level: -1.8 % Target Level: -0.8 % or more Sell -> EURGBP Buy -> GBPAUD Buy -> GBPCAD Buy -> GBPCHF Buy -> GBPJPY Buy -> GBPNZD Buy -> GBPUSD (trading all GBP pairs, ...

An indicator for the strength of a currency

Hi Fred. Very good. It is good to notice that each signal in the indicator shows the strength or weakness of an individual currency (not a pair). By analyzing the past data (back-test), I didn't find any safe level which can be considered as buy or ...

An indicator for the strength of a currency

A weak ago, USD was the strongest and gave 900 pips ! image

An indicator for the strength of a currency

Thanks for your analysis. I am thinking about selling or buying a currency at the beginning of the weak, based on news ahead and technical analysis.

An indicator for the strength of a currency

A overall view on the weak: image USD was the weakest, CHF was the strongest. If someone had sold USD at the beginning of this weak, he/she would earned 900 pips at the end of the weak (now), which 210 pips belong to USDCHF !

An indicator for the strength of a currency

The AUD became weaker for about 2 % . If some one sell the AUD (sell all of its pairs), then 2% weakness equals to about 200 pips ! image It is interesting to say that, even if NZD became weaker, still selling AUD (all pairs) gives 200 pips ! This ...

An indicator for the strength of a currency

I'd like your description.

An indicator for the strength of a currency

When I saw your post, I decided to create a weekly strength indicator. In this indicator, strength or weakness of a currency is measured using opening price of the week. I wait for you opinions about this weekly indicator. Thanks. Weekly Indicator: ...

An indicator for the strength of a currency

Thanks again for the useful data on your side.

An indicator for the strength of a currency

Hi Pivot Ruler, I really appreciate your reply and your comment about using Ichi-Moku trading system. Some years ago I used to trade using indicators like Ichi-Moku and moving averages, but it is some time that I have put aside indicators and trade ...

An indicator for the strength of a currency

Thanks for the link. I have read the article. The article states the basics and initials to be a successful trader. I really appreciate your attention, but, is this the answer of the question stated here? I did some real trades according to the ...

An indicator for the strength of a currency