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Automated-Trading
Admin
88676
Automated-Trading 2012.04.24 13:02 

News VLine:

The script adds vertical lines on the chart at the news events.

This script doesn't replace the calendar events, it just outine them using the vertical lines. The news description (event name and time) is added to the line tooltips. To see how does it work it is necessary to add news on the chart ("Calendar" tab in the Toolbox window).

The lines width and color can be specified in the input parameters of the script.

News VLine script

Author: Nikolay Demko

Sergey Golubev
Moderator
52155
Sergey Golubev 2014.01.30 09:25  

Forex Spreads and the News (based on dailyfx article)

  • Spreads are based off the Buy and Sell price of a currency pair.
  • Spreads are variable and can change during news.
  • Watch for normalization of spreads, shortly after economic events.

Financial markets have the ability to be drastically effected by economic news releases. News events occur throughout the trading week, as denoted by the economic calendar, and may increase market volatility as well as increase the spreads you see on your favorite currency pairs.

It is imperative that new traders become familiar with what can happen during these events. So to better prepare you for upcoming news, we are going to review what happens to Forex spreads during volatile markets.


Spreads and the News

News is a notorious time of market uncertainty. These releases on the economic calendar happen sporadically and depending if expectations are met or not, can cause prices to fluctuate rapidly. Just like retail traders, large liquidity providers do not know the outcome of news events prior to their release! Because of this, they look to offset some of their risk by widening spreads.

Above is an example of spreads during the January NFP employment number release. Notice how spreads on the Major Forex pairs widened. Even though this was a temporary event, until the market normalizes traders will have to endure wider costs of trading.


Dealing with the Spread

It is important to remember that spreads are variable, meaning they will not always remain the same and will change as liquidity providers change their pricing. Above we can see how quickly spreads normalize after the news. In 5 minutes, the spreads on the EURUSD moved from 6.4 pips back to 1.4 pips. So where does that leave traders wanting to execute orders around the news?

Traders should always consider the risk of trading volatile markets. One of the options for trading news events is to immediately execute orders at market in hopes that the market volatility covers the increased spread cost. Or, traders can wait for markets to normalize and then take advantage of added liquidity once market activity subsides.

Motaz Nassif
95
Motaz Nassif 2014.11.25 20:20  
newdigital:

Forex Spreads and the News (based on dailyfx article)

  • Spreads are based off the Buy and Sell price of a currency pair.
  • Spreads are variable and can change during news.
  • Watch for normalization of spreads, shortly after economic events.

Financial markets have the ability to be drastically effected by economic news releases. News events occur throughout the trading week, as denoted by the economic calendar, and may increase market volatility as well as increase the spreads you see on your favorite currency pairs.

It is imperative that new traders become familiar with what can happen during these events. So to better prepare you for upcoming news, we are going to review what happens to Forex spreads during volatile markets.


Spreads and the News

News is a notorious time of market uncertainty. These releases on the economic calendar happen sporadically and depending if expectations are met or not, can cause prices to fluctuate rapidly. Just like retail traders, large liquidity providers do not know the outcome of news events prior to their release! Because of this, they look to offset some of their risk by widening spreads.

Above is an example of spreads during the January NFP employment number release. Notice how spreads on the Major Forex pairs widened. Even though this was a temporary event, until the market normalizes traders will have to endure wider costs of trading.


Dealing with the Spread

It is important to remember that spreads are variable, meaning they will not always remain the same and will change as liquidity providers change their pricing. Above we can see how quickly spreads normalize after the news. In 5 minutes, the spreads on the EURUSD moved from 6.4 pips back to 1.4 pips. So where does that leave traders wanting to execute orders around the news?

Traders should always consider the risk of trading volatile markets. One of the options for trading news events is to immediately execute orders at market in hopes that the market volatility covers the increased spread cost. Or, traders can wait for markets to normalize and then take advantage of added liquidity once market activity subsides.

Would you please advise how to get this spread indicator.
Mehrdad Shiri
4335
Mehrdad Shiri 2015.02.25 17:25  

this script do not work for me, ! can you please check it?

By runing it , i  get this:

its compiled without any error or warning,

maney times ago i use this script and was ok, but now doesnt work! . do you now whats the problem ?

Vladimir Karputov
Moderator
33584
Vladimir Karputov 2015.02.27 18:37  
TIMisthebest :

this script do not work for me, ! can you please check it?

By runing it , i  get this:

its compiled without any error or warning,

maney times ago i use this script and was ok, but now doesnt work! . do you now whats the problem ?

You must  first add the news on the chart. Then run the script.
Mehrdad Shiri
4335
Mehrdad Shiri 2015.02.27 21:46  
barabashkakvn:
You must  first add the news on the chart. Then run the script.

:-)

thx.

/
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