Anyone figure out the formula that Liteforex uses for their Index charts ?
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DislikedAnyone figure out the formula that Liteforex uses for their Index charts ?Ignored
Disliked{quote} You find all formulas for currency indexes (including LiteForex) in the web/command-line part of my MQL framework: Synthetic indexes Pay attention to the fact that the LiteForex formula for the JPY index (LFXJPY) is inversely calculated and kind of odd (some would say it's simply wrong). Opposite to all other indexes a rising LFXJPY index value means a falling value of the currency. The correct way to calculate a JPY index would be the formula of the JPYFXI....Ignored
Disliked...I guess because all JPY pairs have JPY on the right hand side of the currency pair is why Liteforex makes JPY index go down for strength...Ignored
Disliked{quote} If you apply the same formula as for the other currencies to the JPY the actual value would be in the range of 0.01 to 0.03. Such a chart would look very weird. Similar to regular JPY crosses (which are in the range of 80-150, e.g.g USDJPY = 1USD to 106JPY) the correct way is to calculate the real JPY index (currently at 0.0194) and to multiply the resulting value with 100 (visually bring it "in line" with the other major indexes). This multiplication will change the value but not the shape of the resulting chart (both will be of identical...Ignored
Disliked...Hi Is there a solution to display the JPY chart correctly? Alpari's JPY works properly, but its indexes are not complete Can you introduce a broker that has a complete index?...Ignored