Synthetic Symbol indicator.

[Alexander.Gettinger]

Indicator calculate synthetic symbol currency against a basket of currencies.
For EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/SEK, USD/CHF with their weightes can be calculated US dollar index (viewtopic.php?f=17&t=609&p=4719).

Download:

SyntheticSymbol.lua

(6.96 KiB) Downloaded 982 times

The indicator was revised and updated

[plastic_change]

Hi,

I am new here, so first thanks your effort guys programming these indicators.

Would it be possible to modify this indicator to show candlestick chart?

thanks

[Alexander.Gettinger]

Synthetic symbol indicator with candlestick chart.

Download:

SyntheticSymbol_Candle.lua

(7.28 KiB) Downloaded 816 times

[mjf1288]

how do we figure out how the weights for any given basket? Don't these weights have to be recalculated on a regular basis?

[Apprentice]

No need for recalculation.
Currency pairs and their weights are set by user.

[mjf1288]

Untitled.png

No need for recalculation.
Currency pairs and their weights are set by user.

right, I know the user sets the weights, but what I was asking was how the weights should be set. What basis are the weights for the basket set?

I think that if you are trying to hedge a synthetic symbol, the weights do need to be recalculated on a regular basis, due to the fact that the pairs in the basket may loose cointegration.

[Apprentice]

Yes, I think that equal weight or one for all is the best choice for weights.

[Himalaya]

I am able to download this file but when I try to import it I get an error. Am I doing something wrong?

Himalaya

[Apprentice]

Bug is eliminated.

[Himalaya]

Mnogo Hvala Apprentice

The FXCM brand is Greatly enhanced by yourself and the others performing the services that you are.

Himalaya