Simple Correlation Indicator System

Hey Kirk

Check your profile, left a message for you.

Hi. While we're waiting for K's developer (ehhem ) I thought to ask for the magnitude idea on https://www.kreslik.com/forums/theru...odified-t11849 because they did the modified indicator from a a few posts back but I am having trouble creating an account. Can someone post the following there for me?

"Here is an idea: A move in one bar to the next from 45/0 to 45/-5 is the same signal strength as a move in one bar from 20/0 to 30/-20 because at the end of the day in both cases the two lines are 50 apart. What would happen if you programmed a third line that showed the magnitude of the change (with alerts please)? In the second case the magnitude of the change is 30 while on the first case the change is only 5 so maybe the second case is a better signal?"

I'm just bumping this thread. K said he was moving... Maybe that's why there are not so many responds...

also in regard to my request above the actual link is https://www.kreslik.com/forums/theru...odified-t11849

So if someone could post that request there for me I'd really appreciate it ��

Hello thread...been a while!

Yes, thanks ygr, you are right - I have just sold my house and am in the process of preparing to move overseas with my wife for a change of life. I had no idea how busy this would make us both...so many things I had not anticipated, so I have put trading aside for the moment until I feel I have the time to focus.

Regarding my developer, this has ended in disappointment I am afraid...he has pulled out of the agreement claiming he no longer has the time to devote to the coding. I have gone through arbitration and have received my refund. I now have requested a top developer attend to this matter, and am waiting to hear whether they will accept my proposal. I have set a project time of 1 to 3 days, so I expect to hear something next week and will post an update here as I know more.

I appreciate everybody's patience while I "take care of business" here at home...I hope everyone is having success using the Correl8 indi and is testing out different settings. I still see a great benefit in exploiting a strong crossover and separation and will be pursuing this idea in time, but for now I need to attend to personal matters.

I am moving overseas to Thailand on September 5th. I will still be on here when I find some spare time, but certainly not as often as before.

Thanks for the update K. Enjoy Thailand! Will you ask the developer to include the magnitude idea with alerts for it also?

hi
is there new version of this indicator

ygr - just sent PM - please check and reply. Thanks.

And yes, I have asked the programmer to cover your idea extensively. I think you will be happy with what I have organised on this matter.

Hi Ramingold...I have only tonight engaged the services of a new programmer who promises to have a working version of a modified version of Correl8 within the coming days.

I will spend a little bit of time testing it out and if it does what I expect it will, I will post it here for you all to test out.

The new version will have complete alert functionality, as well as being able to compare the current closed candle values with the values of the previous candle's values, in line with a suggestion from Ygr on here recently. This should filter out weaker signals.

There will also be an exit alert which can be toggled on and off in the dialogue box. The exit strategy is not as well-defined as the entry, so it will be an option available for testing, otherwise it can be left OFF and you can use your own exit strategy.

Lastly, there will be a matrix-style multiple TF display detailing current / previous closed candle values and whether a BUY / SELL / WAIT signal is current for each TF from M1 to D1. This will assist with easy visual reference to see whether a signal on your chosen TF is in line with other TF's, thereby potentially offering more weight to an alert.

Assuming all of this goes well, I plan to have my programmer help me with coloured candlesticks, i.e. depending on the strength of the separation, each candle could be coloured differently. Similarly to Heiken Ashi, Stoch candles, or the Average Price Bars of the Synergy Pro strategy and so on, a candle with separation values in a certain range would be coloured differently, making for an easy visual reference to see volatility increase and decrease as the currency lines expand and contract.

To explain this in more detail, since it is always the prefix of a currency pair that we buy or sell against the suffix, if the prefix of the currency pair (i.e. EUR) crossed over the suffix (i.e. USD) and above the zero line, the candles could range from white (weak values) through yellow, lime, green to a dark green (high volatility values), or if the prefix crossed below the zero line, the candles could change from white, yellow, orange, red to crimson.

This is all just a theory at the moment but I believe this has real potential in a similar way that makes Heiken Ashi candles so useful in determining possible reversals in trend. Whilst HA candles are awesome at identifying trend reversals etc, I am thinking a candle colour range (in theory anyway) should more easily identify the strength of a move and identify when momentum is slowing.

This whole thread remains a work in progress, so stick around and join in and test out what is happening. You might find something useful!

Hi K. Thanks for your incredible work. It says that your account options don't let me reply...

Hmmmmm...I have tried to fix that but don't know where to find the options to change the IM settings...any clues?

EDIT: Found the settings area to change so that you can send me messages now - try it and let me know if my changes worked.

Keeping a close eye on AUDUSD currently...price is struggling to get above Daily Open and Daily R1 PP.

There is a clear downward trendline on the D1 which I am hoping will provide massive resistance where price is right now. H4 Stoch is well overbought also.

The current H1 has just closed producing a nice doji right under the Daily Open.

Will seek out Correl8 signals on multiple TF's after the current H4 candle closes before I decide which direction to take, but my current sentiment is bearish for AUDUSD.

Nice strong H4 bullish candle on AUDUSD with a nice strength separation on both H1 and H4 Correl8 indicator.

Price has broken through a downward sloping trendline on the H4. See screenshot.

Looking to buy AUDUSD off the M15 if confluent bullish signal occurs (will wait for possible retracement prior to any M15 signal).

Kirkleaforex, how is it going with the system?

Everything has come to a complete standstill until i receive my indicator. Delay after delay after delay. It promises to be worth the wait but at this stage i can't promise a date. Will advise as soon as it becomes available.Personally though...i have been refining my strategy and will release details when i feel all is ready. Stay tuned!

Hello sir.

I stumbled upon your thread will searching for 'strength separation forexfatory' on google.

I have one question. Did you write contents in the pdf below?



Thanks for enlighting us with the systems (especially the iCorrel8 indicator).

Hi there thanks for your interest. This thread has come to a standstill while I wait for a newly coded Correl8 indicator to be released. Good news though, I have received the prototype only last night and am in the testing phase. I have requested some minor tweaking and once I am satisfied it is functioning as it should I will be releasing the .ex4 file for others to investigate.

In answer to your question however, yes I was the guy who wrote that document. It was written early on into my studies into the Correl8 indicator and since that time I have further refined my strategy. That .pdf file seems a little redundant to me now.

Needless to say I will be releasing an updated strategy, hopefully within the coming month once I have everything ready. It is difficult timing for me currently as I am moving overseas on September 4th and right now everything is being sold off as we prepare to fly out.

If you subscribe however you won't miss any updates. Stay tuned; there is plenty of exciting things in store to those who patiently wait.

Thanks. Nice indicator.

You're welcome. However that indicator pales in comparison with the re-imagined version i am soon to reveal. So please stay tuned and all will be releases hopefully in the coming week.

 
How the icorrel8 calculates it's data? Does it call for all related 7 pairs to the currency?