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How to calculate Absolute Currency Strength

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amin_mohammadi
88
amin_mohammadi 2013.12.16 21:21 

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
4480
Mehrdad Shiri 2013.12.18 12:35  

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 2013.12.19 09:24  
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 2013.12.19 09:52  
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
6899
Imtiaz Ahmed 2014.01.03 15:29  
thanx for sharing.....
Mehrdad Shiri
4480
Mehrdad Shiri 2014.03.14 10:47  
thanx for sharing.....
Francis Dogbe
9501
Francis Dogbe 2014.04.28 19:51  
TIMisthebest:
thanx for sharing.....
Thanx for sharing once more
Roler100
502
Roler100 2014.04.30 16:23  
Doesn't a currency heat map estimate currency strength and weakness in a similar way
Olawale Adenagbe
4850
Olawale Adenagbe 2014.05.01 12:16  
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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