ramsdac wrote: Tue Feb 17, 2026 5:13 am
Hi Xard, | EXT doesn't work on forex?
Only OVR will work because it is based on ATR and not on points like EXT.
And if you want to know exactly how it's calculated :
and because i'm lazy AI will explain this ;P
"
How it works in practice:
The code asks: "What percentage of '50 points' have we moved away from VWAP?"
If Price moves 50 points away: 50 (distance) divided by 50 (hardcoded base) = 1.0 1.0 * 100 = 100% Extension (This is a "King" move).
If Price moves 25 points away: 25 / 50 = 0.5 0.5 * 100 = 50% Extension.
Why this is broken for Forex:
Indices (e.g., US30): The price is ~34,000. A move of 50 points is substantial. The math works perfectly: 50 / 50 = 100%.
Forex (e.g., EURUSD): The price is ~1.1000. A huge move of 50 pips is mathematically only 0.0050. The math becomes: 0.0050 / 50 = 0.0001. 0.0001 * 100 = 0.01% Extension.
Because 0.01% is less than the "Virgin" threshold (50%), the indicator thinks the price has barely moved, even though it might have moved a lot in pip terms."
EDIT:
Why Xard didn't use standard deviation ? you'll have to get the answer from him.