Update1. Forex ranking and rating for week 39. Calculations based on 4 time frames with the Ichimoku & MACD indicator
24 September 2014, 14:59
0
138
Click here for the latest update of the pairs that I will be looking at for my trading.
Analysis based on TA charts for all the major currency pairs. Good luck to all. No advice, just info.
Visit FxTaTrader.com for more info and Disclaimer.
Definitions
Rating: Based on momentum and direction.
- The Ichimoku and MACD indicator are applied on
4 time frames. Each time frame has a certain impact
on the rating. This is determined by applying a key.
- Time frames have to be aligned in the right direction at
a certain extend for having a directional rating, not "=".
Index: Based on possible amount to be earned.
- The ATR, pip value and several statistics are applied on
on top of the calculated rating, as mentioned above.
- In case of a neutral rating, so with the "=" sign,
only the pip value and ATR are used for the calculation.
- An index is useful because a currency pair with a
lower rating can be more interesting when the momen-
tum is still reasonable. The possible earnings may have
preference in such a case. The list is ordered by Index.
- It makes also clear how pairs compare to each other
and to itself in other (previous) lists.
Rank: The best performer is in the first place of the list.
- This is the pair with the highest index.
- At this moment there are 28 major currency pairs so
the last place is rank 28.
Indicators: Ichimoku / MACD / ATR*
- *For the Index the ATR is used in the calculation.
Time frames: Month / Week / Day / 4 hours
