Momentum and Trend Trading
Ponder Buying an Underlying Currency that is :: Strengthening with Space to Continue Up
Ponder Selling an Underlying Currency that is :: Weakening with Space to Continue Down
Daily and Weekly Mean Reversion Trading
Consider Buying an Underlying Currency that is :: Oversold + Consolidating
Consider Selling an Underlying Currency that is :: Overbought + Consolidating
2013-04-03 T11:37:22 FX, above all other markets, is reliably susceptible to D1+WK+MN Mean Reversion of both buy side and sell side due to “Zero Sum” theoretical logic with WK being prime. Likewise: I never apply Mean Reversion techniques to Commodity, Equity, or Equity-based CFD sell side due to Inflation Factoring.
JPY finally reverted sharply for us [late 2012 and into 2013]. Could it now finally be time for GBP to attempt a revert back Home after this multi-year grueling period of consolidation down at the Weekly bottom? A push down to -35% prior to GBP reverting remains a risk, albeit low. Enable all on the Weekly for proper perspective and view Larger ((( click )))
2013-22-12 T09:21:40 Update – Yes. GBP looks good, thus far. GBP finally broke up out of the consolidation it had been in since 2010. Historic Mean Reversion probabilities tell us GBP is more likely to continue towards the 0.00% Mean now – rather than retracing back 100% to its consolidation, or anchor, area of -27% or breaking lower and testing the previously feared -35% area.
Enable all on the Weekly for proper perspective and view Larger ((( click )))
©2011 Wyeth Partners, United States. Credit to Mataf
Disable AdBlock. Allow Flash or PepperFlash.
Click 5min or 15min or Hourly or 4H or Daily or Weekly or select a Currency to refresh.
Dollar Index App – Detailed USD Strength
ExXpand Chart to Maximum Size After Popping Light Boxes Above
*Opera Browsers - It was noticed the other day some sort of issue when clicking the ‘ExXpand Box’ if already at its maximum state. The white icon Opera ‘Next’ is fine. The Red icon Opera ‘Stable’ and Blue icon Opera ‘Developer’ have issues. These new Operas use Blink or Web-Kit, a form of Chrome … which is also fine.
If you are viewing on a smaller monitor, the Photo Light Box will automatically overly undersize and crop the meter. Click the grey expand button in the upper right hand corner to maximize the currency chart to its intended size: [see pic below]
You can then better utilize the ZOOM instructions below to make the index whatever size you wish, such as maximized to fit a full 2560×1400 27″ monitor. The chart will retain correct 16:9 widescreen aspect ratio when doing so.
If you are viewing on a smaller monitor and the Currency Strength Meter Index Graph is too vertically large or you just desire to change the size to better fit in your trading work space, simply change the ZOOM in your browser settings. Although the Currency Strength Index number outputs will sometimes overlap each other when reducing the ZOOM depending on the quantity or Underlying Currencies selected, the structure of the main currency index chart will remain intact.
ZOOM OUT as shown below:
Maintaining Visual Scale Relativity of The Meter
Relative Strength (RSI) Data of individual Forex pairs is calculated and then subsequently aggregated with like kind. This aggregation is then compared to other currency pair basket aggregations which then ultimately provides us Relative Strength of the underlying currency trend. This in turn gives us money flow into or out of one currency in relation to another.
As the number of currencies that are selected increases, the MAX + MIN visual scale relativity as a whole expands by the furthest outlier. Unless your habit is to trade only 1 or 2 pairs, the MaX number of currencies selected is recommended to provide full relativity. Over time, this will prove beneficial by eliminating what can appear to be “Extreme Moves” … causing unjust, higher positioning leverage.
Minimal Currencies are set here by default to help minimize initial page load speed. However, the opted formula here always uses all Pair Data available regardless of how many Currencies are selected by you. This helps to retain familiar ‘relativity’ when making visual comparisons and provides a consistent visual scale. As noted above though, selecting ALL Currencies will retain more consistent relativity because the MAX + MIN remains more static due to Mean Outliers being included.
Strength Chart represents the price movement for major currencies measured against other majors. Results shows strength and weakness against a customizable basket of currencies. Useful to detect then identify which crosses have been trending. Gives trend length perspective + OB or OS relativity. Overextended data on higher TFs serve as possible indication for Mean Reversion strategies or to hedge risks. Also a quick way to view correlations. To view the example of ‘Positive Correlation’, isolate EUR+CHF.
[ pictured above & below original nitro+ directly below ]
A New Currency Strength Meter Family for the New MT4+ is Being Conceived
2013-27-09 T10:03:22 – new, updated information further below. CSM will probably be released through the new MetaTrader 4 App Market
However, the new 5NITRO+ coding is priority #1.
Multiple display configurations and output types is the goal. Ease of use and RAM CPU friendly is a must. Constant position changing Dynamic Rankings to instantly identify strongest vs. weakest is a necessity.
These Dynamic Rankings are trying to be modeled after LeverageFX’s Currency Strength Rankings in Block form …. the App with Green and Red blocks in which the colors are variably weighted dependent on rank. Sort of like a Heat Map.
For anyone who has used this Top Gun software on eSignal in particular that specific CSM template, then you know how useful these instant rankings can be. This information can be especially useful for short term, intraday Traders constantly seeking to match strongest versus weakest as soon the opportunity presents itself, namely following fundamental events such as NFP.
Metatrader 4 coding logic, such as “A single indicator can only occupy one chart location, either the main chart, or a bottom indicator window” in addition to only one output type – increases our coding limitations. However, once the base meter is split into a series of indicators – the possibilities for display combinations and strength calculation variance is increased.
Therefore, we are thinking a “Family” of FLOW+ CSMs is in order to allow for simultaneous meter, graph, and ranking outputs. The series base indicator, to serve as the Father, will be a simple multiple time frame meter marketed initially as an addon to the bottom or top of The New 5NITRO+ Meter … sort of like pictured below in the working beta with the older NITRO+ Original:
Bookmark this page and check back in 2015 / 2016
Sizeable Machine Resources Required
These tools are not like Stochastics or MACD loaded on one single TF. These tools are complex and resource intensive.
It was roughly calculated that 5NITRO+ alone, utilizing one of its 28 pair multiple meter templates, might be performing up to 15,000+ calculations per second during such times as NFP on a multi-decimal Broker. This is assuming about 2 ticks per second on average over that entire 15 minutes following release. As we all know, the initial 1-3 minutes can produce as many as 3-5 ticks per second on pipette Brokers.
These are only the parameter calculations done by the 5N+ meter itself across the 28 pairs over the up to 7 total time frames*. This does not include the additional, whatever automatic internal calculations that are performed per each new tick by the 24 internally-aggregated Indicators themselves such as ADX, Alligator, Accelerator, Awesome Oscillator, etc, etc. These calculations are done automatically within your Metatrader Platform, but only when they are instructed to do so. Such as is what happens when 5N+ is loaded.
*Maximum time frames calculated by 5N+ is 7.0. Mean time frames calculated by 5N+ is about 4.7. Median time frames calculated is 5.0. Minimum time frames calculated is 3.0. The Minimum of 3.0 is when loaded on the Monthly periodocity. Number of time frames used for calculation is dependent on time frame in which the meter is loaded or time frames that the User has selected from the drop down list from within the settings. The influence that each other additional time frame has on the ultimate GLOBAL% is non-linearly variably-weighted. 5NITRO+ automatically adjusts MTF influence / weightings. There is now the option to either ‘quicken’ the response of the entire meter or to ‘smooth’ the response. This new feature is called ‘Time Outlook’. Strength Lokbacks can also now be adjusted which will also have an affect on the response.
Yes, there will be some calculation-per-tick redundancies when adding a CSM, making it similar to that 28 pair template used in the example above. But, we have to plan for Users wanting to run both at the same time, and possibly on a different set of pairs. A User may want to use the CSM to calculate Forex pairs, while using a multiple meter 5NITRO+ configuration on Exotics, CFDs, GOLD, SILVER, OIL, and Equity Indexes or Futures. In doing so, a multiple 5N+ setup could include 50-60 meters, depending on how many Exotics and different CFDs are offered by the particular Broker. This then would push calculation-per-second into the about 25,000-30,000 range.
So then, “Per-Tick Performance” has become an obstacle. Features and number of calculations per tick will need to be eliminated or reduced to
allow for DLL calls (the new MT4+ Builds 600+ may have killed DLL calls to who Metaquotes considers “untrusted 3rd party sources”. which of course means everyone except metaquotes.net is untrusted).
Commercial Tools cannot be created only for those with 24GB RAM and Xeons. We are forced to create them for 32bit 2005-2006 1280×720 15.6″ Laptops runnin’ Windows XP with a max of 3.63GB usable RAM. Because if you are trading Retail Forex in 2014 and do not reside in the United States, these are your most likely machine specs.top
2013-27-09 T10:09:41 New Currency Strength Meters will only be released through the new MetaTrader 4 Market.
Except for the free 3N+, 4N+, and 5N+ updates provided to current NITRO+ Customers, and then possible continued distribution of it allowing for new transactions, all new products will be released through this MT4 App Market.
Although Metaquotes will take 20% of gross, machine binding and encryption is built in. Almost exactly like iTunes + Google Play in theory.
Since this past Spring with Metaquotes killing many 3rd Party application ‘hacks’ that utilize DLL, it seems they will succeed in funneling all new products through their stores and grabbing 20%. All current viable software protection relies on DLL calls.
We are not associated, affiliated, acquaintances, or partnered in any way to Henry Liu.
If your trading capital was blown up and robbed from you by the CSM Currency Strength Robot or NewsProfiteer ongoing subscription service, you need to contact Henry Liu or Plimus directly. Please do not contact us.
Get in contact with Members @ ForexPeaceArmy.com in similar situations with Henry Liu to seek possible resolutions you may be unaware of.
Currency Strength Meter Indicator,