GBP RSCGBP Relative Strength Comparison to the basket of other major currencies.
gbp = (gbpusd + gbpjpy/100 + gbpcad + 1/eurgbp + gbpchf + gbpaud + gbpnzd)/7
J-GBP
Forex Pairs CorrelatorHi everyone!
This tool helps to identify the best positive and negative correlated pairs from 38 well-known Forex pairs.
By default it will find the best correlations for your current ticker.
If you are a newbie in Correlation Analysis you can find a brief explanation here .
Settings
Lookback for correlations (default: 14 )
Option to use or not to use current ticker (default: true )
Custom ticker (default: EURUSD )
Choose as many pairs as you want from 38 available pairs.
Available pairs
USDCAD
USDMXN
USDBRL
USDCHF
USDRUB
USDTRY
USDZAR
USDJPY
USDCNY
CADCHF
CADJPY
CHFJPY
EURUSD
EURCAD
EURGBP
EURCHF
EURRUB
EURTRY
EURJPY
EURCNY
EURAUD
EURNZD
GBPUSD
GBPCAD
GBPCHF
GBPRUB
GBPJPY
GBPCNY
GBPAUD
GBPNZD
AUDUSD
AUDCAD
AUDCHF
AUDJPY
AUDCNY
AUDNZD
NZDUSD
NZDJPY
How to get access
You can buy this tool for 49$ to get lifetime access
Cheers!
PULLBACK CANDLESTICK STRATEGY BY SIMPLE TRADING TECHNIQUESArrow represent trade setup
Circle represent triggering of the trade
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1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
Trend LengthScript tries to capture the length of trends. It calculates an SMA and then determines the slope of the SMA using a simple momentum function. From there it counts bars from when the slope changed directions last. The lime green line is the count from when the slope changed. The yellow line is the average time of a trend. The white line is "trying" to capture the length of a full healthy pip running trend. Pick and SMA you like and then run through many currencies. I find that trends tend to be the same length. Not surprising as the markets are extremely correlated to each other. The trick is to find the most active pair for action. To do that look up my Pairs Range script.
Comments are welcome.
GBPNZD above/below count This is similar to my earlier GBPNZD pairs slope indicator. This indicator determines if the close of a pair (highly correlated pairs to GBPNZD) is higher or lower than a common displaced moving average. If it is above, a count of 1 * corr*corr factor is assinged. For you programmers I multiply by corr*corr to erase the negative corr factor as the IF THEN statement will assign a 1 or -1. Note: I could not find an absolute value function, so corr^2 clears it. The spirit of this indicator, as with my others, is to sniff out underling movement in GBP or NZD to predict a trend change. The idea of the count comes from counting cards in blackjack. Toy around with chart time frames and the inputs to get a feel for it.
Read comments for changes to the code. I look forward to pros/cons comments.