What do you think of multicurrency indicators? - page 6
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I converted all pairs to USD, which seems to me to be a very absolute, what is your definition of "absolute movement"?
I don't understand this "I converted all pairs to USD"? Explain a bit.
In short, it goes something like this :
https://univellbroker.com/clients/calc/price_pips/
In short, it goes something like this :
https://univellbroker.com/clients/calc/price_pips/
Interesting.
One more question."Choose the bar that acts as the zero point."
Seems simple, but it has to be based on something.
Yes. Interesting.
One more question."choose a bar that acts as a zero point,"
Seems simple, but it has to be based on something.
This should not be based on anything, the prices do not change drastically, so you just catch a certain moment in time, at this point in time you believe that the entire market is balanced and there are no distortions, which means that whatever moment we take as a zero point, the ratios of currency pairs are always approximately equal, on this topic there are theories of market efficiency, as well as numerous posts on this forum about finding distortions, which do not exceed the spread and within seconds - minutes are balanced by market makers
If you have any "religious" reasons, then you can count zero from the beginning of the day or from a previous trade, but if everything is counted correctly, then you will not see a difference in the chart
This should not be based on anything, prices do not change drastically, so just take a moment in time, at this point in time you believe that the entire market is balanced and there are no distortions, which means that whatever moment we take as a zero point, the ratios of currency pairs are always approximately equal, on this topic there are theories of market efficiency, as well as numerous posts on this forum about finding distortions that do not exceed the spread and within seconds to minutes are balanced by market makers
If you have any "religious" reasons, then you can count zero from the beginning of the day or from a previous trade, but if everything is counted correctly, then you will not see a difference in the chart
Perhaps "currency pair ratios are always about equal", but the ratios of the currencies themselves are more questionable.
This phenomenon is observed in many free-lance indicators when the time range is widened. What in theory should not happen.
Gibbs-Rosebaum triangle
Unfortunately, this indicator cannot be used. It has no synchronization in time, besides Pearson formula operates with independent values X, Y. The indicator calculates the correlation on the integrated classical price series.
Shit! When am I going to get a proper indicator! Fucking coders!