Hi Guys,
I have a little doubt. How is the strength of individual currency calculated from the pair.
If EURUSD = x, USDJPY = y, EURJPY = z
then i dont really see enough information to calculate the EUR, USD, JPY values separately. A extra condition is required. Can someone explain how this is done?
Regards.
Re: How exactly is the individual currency strength calculated?
#2The strength of a currency is a sum of a number of nuclear warheads/+willingness to use them ...
Re: How exactly is the individual currency strength calculated?
#3It's been a looooong time since i touched coding but maybe :
EUR strength = average(all EUR pairs individual strenght)
USD strength = average(all USD pairs individual strenght)
EUR strength = average(all EUR pairs individual strenght)
USD strength = average(all USD pairs individual strenght)
Re: How exactly is the individual currency strength calculated?
#5all nuclearwarheads are now covered by antiproliferation treaty, so it is hard to find the exact way to find, to calculate currency strength, in middle of different methods tried, that gives early signals,
that is why you will not find anymany currency strength meters coded by mladen and mrtools over the years!
good luck to you .
that is why you will not find anymany currency strength meters coded by mladen and mrtools over the years!
good luck to you .
Re: How exactly is the individual currency strength calculated?
#6My point currently is not to find 'early signals' but more about the understanding the whole concept about individual currency strength. Because I dont exactly understand if the equation I mentioned previously could be solved without adding extra conditions.rijay wrote: ↑Sun Jun 10, 2018 2:13 amall nuclearwarheads are now covered by antiproliferation treaty, so it is hard to find the exact way to find, to calculate currency strength, in middle of different methods tried, that gives early signals,
that is why you will not find anymany currency strength meters coded by mladen and mrtools over the years!
good luck to you .
Btw. I found a code for currency strength indicator done my mladen which I am attaching here. This is the code which I am currently trying to understand.
 Attachments

 CCFp mtf alerts 2.07 nmc.mq4
 (31.59 KiB) Downloaded 148 times
Know Thy Setup. Know Thyself.
Re: How exactly is the individual currency strength calculated?
#7There r different elements that u can consider.shaileshm wrote: ↑Sun Jun 10, 2018 2:30 amMy point is not to find 'early signals' but more about the understanding the whole concept about individual currency strength. Because I dont exactly understand if the equation I mentioned previously could be solved without adding extra conditions.rijay wrote: ↑Sun Jun 10, 2018 2:13 amall nuclearwarheads are now covered by antiproliferation treaty, so it is hard to find the exact way to find, to calculate currency strength, in middle of different methods tried, that gives early signals,
that is why you will not find anymany currency strength meters coded by mladen and mrtools over the years!
good luck to you .
Btw. Mladen has a a currency strength indicator which I am attaching here. This is the code which I am currently trying to understand.
Strength can be based purely on price action
, or daily ranges for intra day trading,
Or can be based on indicator strength
Among many methods.
Re: How exactly is the individual currency strength calculated?
#8Alright, then lets look daily range for example. Lets say at the beginning of day we have :
EUR(i)/USD(i) = xi, USD(i)/JPY(i) = yi, EUR(i)/JPY(i) = zi
and at the end of day
EUR(f)/USD(f) = xf, USD(f)/JPY(f) = yf, EUR(f)/JPY(f) = zf.
From the above six equations its still not possible to get the quantities (EUR(f), USD(f), JPY(f)) or the change (EUR(f)EUR(i), USD(f)USD(i), JPY(f) JPY(i)). Right?
Or am I missing something?
Know Thy Setup. Know Thyself.