Home › Forums › Trading Systems Discussion › A Flexible And Compact Currency Strength Indicator › Reply To: A Flexible And Compact Currency Strength Indicator
When Source-code is released and I’ll get some spare time – I’ll review it and comment.
Thanks for your kind offer. Makes no sense to release the latest source at the moment – too many half-raw features which I’m still working on. But the core algorithm has not been changed since version 1.1, source see this post: http://penguintraders.com/forums/topic/a-flexible-and-compact-currency-strength-indicator/page/2/#post-8262 s.
The attached is MY view of Currency-Strength at some theoretic point in time.
If your calculations of the DELTA is indeed only ROC based – the GBP is the strongest (and the CS indicator line will show that), even if the GBP end point is below “0”.
IMHO, That’s a wrong view of the market.
That’s why I have my doubts.
- This reply was modified 8 years, 4 months ago by gg53.