Dailyfx news indicator for Aug 27,10 Trading Station release

[Nikolay.Gekht]

This is an update for the existing dailyfx news indicator (see viewtopic.php?f=17&t=603).

New features:
1) The indicator does not block Marketscope anymore while the news are being loaded.
2) You can specify "refresh" period (in minutes). In that case the calendar events will be reloaded every N minutes.
3) You can also refresh the news anytime. Just right-click anywhere on the chart at which the indicator is applied, and then choose "Refresh news" in the context menu.

The indicator features:
1) The indicator shows either those events which are related to the currencies of the currently selected instrument or all the events in the calendar, depending on the user choice.

2) The indicator shows news of all all, medium + high or high-only importance, depending on the user choice.

3) The indicator shows a number of news for the bar. The green number above the bar is a positive news, a red number below the bar is negative news. If you move a mouse cursor over the number, the toolip with headlines will be shown.

4) The indicator also loads and shows the news for 300 further bars.

Download:

news.lua

(12.41 KiB) Downloaded 10798 times

[notex0000]

Hi! ICan I set this indcator to see the old news? In the last year? This is very usefull inducator but i want make statistic in the past -> price action and "difference of the forecast and real data" (sorry about my bad english)

[Nikolay.Gekht]

This indicator shows all the news FXCM provides at dailyfx. At the moment, the oldest data they provide is May 2010. So, the indicator can, but there is no source where take the data.

[OilyFish]

Are there any news indicators/strategy's where you can set parameters to automatically enter a trade immediately the news is issued?

[Nikolay.Gekht]

Not yet, but I see no problem to develop such strategy. However, there should be more strict rule on how to detect a news, and when to enter and so on. If you are interested let's discuss it in the request forum.

[forexler]

very helpy tool ,
sometimes it didn't show news of high importance (BOE decision etc) due to the fact that format strings in the CSV file (calendar file dailyfx) are handled differently.
Text in the "imp-field" is sometimes written as HIGH or High , MEDIUM or Medium etc.
The original News.lua handles string.upper only ( HIGH,LOW,MEDIUM)

I changed the code to handle this in

function parseCSV(response, year)
.....

if IMP == "ALL" or
(IMP == "MED" and imp == "MEDIUM")
or (IMP == "MED" and imp == "Medium")
or ( IMP == "MED" and imp =="HIGH")
or (IMP == "MED" and imp == "High")

or (IMP == "HIGH" and imp == "HIGH")

or (IMP == "HIGH" and imp == "High") then

regards
Fritz

[t1982t]

Hello
I have found very useful this indicator. I wondering if it is possible a strategy with it.
Thank you
Kind regards

[Apprentice]

Such a strategy should contain.
Option to define a trading direction for each news announcement.
For example.
If the news release is better than expected.
Direction of Trade in this case.
If the news release is worse than expected.
Direction of Trade in this case.
If the news release is as expected.
Direction of Trade in this case.

Also the same should be possible,
based on comparisons to previous results.

True?

[t1982t]

Yep, it should contain that, it would be great.
and if it is the way to utilize all the direction of the trade (minimun 50 pips in the mayority of cases), it would be so great . I have not found a strategy in this respect.
The strategy that I am using consist on two entries : one order buy, and one order sell, at the minute of the news (using only highly relevants on EUR/USD) by a distant of ten pips to each other, with a limit of 10 and stop of 100. It is very risky, however so strange to fail.
Actually I just thought: if news positive, buy, if news negative sell, but I am afraid to obtain benefit of news it is not so simple.
I have noticed that the mayority of news have a kind of retracement (some times to 60 pips in average of 4 hours), what I like to call tail of the news, if there a way to entry at the buttom of the tail, there is a way to get minimun 50 pips. Perhaps with some kind of slippage or wait after news or entry at level less n pips after news.

Maybe anybody out there has a good strategy to share. Some one! Any idea?
But anyway sounds good that way.
and is it possible?

[emjay-short]

I've opened a FX Trading Station Feedback ticket via (http://support.fxcm.com/fxts/feedback/) and requested to implement it (news.lua functionality) into MarketScope. Not needing the News.lua. As a Widget which works more seamlessly.

When I use the indicator, my MarketScope stops responding for several seconds when opening a new chart. A bit annoying when switching charts several times a day.

Fingers crossed that they will put this feature in an improved version into Marketscope.