Strong vs. Weak

[pdjtman66]

Wil only provide output for the majors.
Majors = {"USD","EUR","GBP","CHF","JPY" ,"AUD" ,"NZD","CAD"}

Yes, I got that already (majors), but am wondering how it works with the majors. Say GBP has a reading of 3.0 - what does that tell me and how?

First, is a positive number strong and negative weak or vice-versa?

Second, how is the number derived mathematically; say GBP is stronger than 6 out of the 7 other currencies, what value is a strong comparison worth and what value is a weak comparison worth? (Assuming I am positioning the question accurately as compared to how the formula works.)

That will help me. Thanks, so grateful!

[Apprentice]

is a positive number strong and negative weak or vice-versa?

Exactly

We have two modes.

For the observed currency,
we will sum up all the individual indications for observed currencie pairs.

Pip
USD = Ma of xxx / USD - xxx / USD + Ma of yyy / USD - yyy / USD + ...

Count
If Ma of xxx / USD <xxx / USD Vote 1 = 1
If Ma of xxx / USD> xxx / USD Vote 1 = -1

USD = Vote 1 Vote 2 + ....


For the currency pairs, we have two currencies,
therefore All indications are cut by half.

[giopo67]

Hi Apprentice, can you add to this indicator the indices DAX and CAC?

[pdjtman66]

Perfect. Thank you so much for giving me this understanding!

[giopo67]

Hi Apprentice, in addition to this very useful, can YOU create an indicator that compares the strength of the indices higher, Dax, Cac, Mib etc.?
Thank you

[Apprentice]

Each major is tested against 7 rivals.
Indexes can only be compared kontra dollar.

Will not provide the same level of accuracy.
Will this be ok?

[giopo67]

Yes, it would be very useful for the spread trading between Dax and Cac for example, buy an index and sell the other correlated by following the power level ...buy the strong and sell the weak ...

[Apprentice]

Your request is added to the development list, Under Id Number 3625
If someone is interested to do this task, please contact me.

[giopo67]

Hi Apprentice, nothing about this? Thanks in advance for your valuable work.

[giopo67]

UP .... Please Apprentice, I need it really .... Thanks and best regards