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How to calculate Absolute Currency Strength

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amin_mohammadi
88
amin_mohammadi  

Hello Everyone,

How I can calculate Absolute Currency Strength.

Please look at this link for more details:

http://www.articlesbase.com/currency-trading-articles/how-to-trade-with-relative-rcs-and-absolute-acs-currency-strength-3100840.html


Thank you very much

How to trade with Relative (RCS) and Absolute (ACS) currency strength
How to trade with Relative (RCS) and Absolute (ACS) currency strength
  • Peter
  • www.articlesbase.com
This article is "How to" for traders who wants to use combination of this indicators for technical analysis
Mehrdad Shiri
4585
Mehrdad Shiri  

hi;

about this excel file ( related to above ):

what is your suggestion for " high, low " time frame ?

if we use D1 time frame to take ( high,low ) and then calculate " Total Strength " , and then use it for our signal in h4 time frame, is it good?

thank's in advance.

amin_mohammadi
88
amin_mohammadi  
TIMisthebest:

hi;

about this excel file ( related to above ):

what is your suggestion for " high, low " time frame ?

if we use D1 time frame to take ( high,low ) and then calculate " Total Strength " , and then use it for our signal in h4 time frame, is it good?

thank's in advance.

I don't think so. the total strength calculated in the excel file is Relative Strength also

<REMOVED BY MODERATOR>

this website calculates absolute strength. but I couldn't run it.

Please check this link:

http://en.wikipedia.org/wiki/Absolute_currency_strength

amin_mohammadi
88
amin_mohammadi  
TIMisthebest:

hi;

about this excel file ( related to above ):

what is your suggestion for " high, low " time frame ?

if we use D1 time frame to take ( high,low ) and then calculate " Total Strength " , and then use it for our signal in h4 time frame, is it good?

thank's in advance.

As far as I know Absolute strength can be calculated using close prices.

I put all the 8 currencies in a matrix like below:

      USD EUR AUD CAD JPY NZD CHF GBP

USD 1    x1    x2    x3   x4     x5    x6   x7

EUR 1/x1  1

AUD .             1    

CAD

JPY

NZD

CHF

GBP

which every item is close price of a pair currency

if a pair currency like USDEUR doesn't exist its value will be 1/EURUSD.

so the problem is finding every currencies value (I think using Eigenvalues).

Imtiaz Ahmed
7559
Imtiaz Ahmed  
thanx for sharing.....
Mehrdad Shiri
4585
Mehrdad Shiri  
thanx for sharing.....
Francis Dogbe
9503
Francis Dogbe  
TIMisthebest:
thanx for sharing.....
Thanx for sharing once more
Roler100
502
Roler100  
Doesn't a currency heat map estimate currency strength and weakness in a similar way
Olawale Adenagbe
5110
Olawale Adenagbe  
Roler100:
Doesn't a currency heat map estimate currency strength and weakness in a similar way
Yes, a Currency Heat Map estimates currency strength and weakness in a similar way. Various implementation however uses different formulae in calculation.
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