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Re: Something interesting please post here [c-Trader] ...

naluvs01, Wed Feb 10, 2021 4:03 am

Hello Everyone,

I think this is a great indicator. It's based on currency baskets (and sort of indices as well). Since most indicators don't come with manuals (which drives me nuts), I'll save everyone a lot of time:
The "AutoDetectBaskets" shows the current currency pair if "True" is selected. Set to "False" shows all currencies.
The "Momentum Price" option is standard, 0-close, 1-open, 2-high, etc...
The "Show" line is the title of the currency basket (ex. USD, GBP, CAD...)
The "Enable" line is for the pair that will be included in the calculations
The "Symbol" line is for the pair you want included in the calculation of baskets (ex. AUDCAD, GBPAUD, etc.)
The "ReverseDirection" is for a pair where the title currency is in second position. For instance, if the currency title is "AUD " and you include EURAUD as a pair to be calculated, you must put "TRUE" for "ReverseDirection" because AUD is in the second position.
The "Weight" line I leave all of them at 1.0 so every pair is calculated equally.

The default settings do not include all the currency baskets, so I created a setting that includes all of them. You can only choose up to 6 currencies in your basket, but that is enough information to determine the over all strength. Feel free to change what pairs you want to include. I hope this helps...
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