Support Board
Date/Time: Sat, 23 Nov 2024 20:48:30 +0000
Post From: Offering To The Community: Forex: Currency Decorrelation (and Currency Strength)
| [2018-11-12 01:38:29] |
| Halco - Posts: 92 |
|
http://www.sierrachart.com/image.php?Image=1541986377840.png Examining the chart again, the RS of EUR INDEX/JPY INDEX is very highly correlated with the EUR/JPY pair (makes sense) so it might be more useful to just put the JPY INDEX on the chart instead. Here we can see the JPY INDEX (4th pane) also helps to confirm EUR/JPY price behavior at the marked points on the chart. Using these indexes along with RS is certainly something that I think merits further analysis for confirmations and divergences. |