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Date/Time: Sat, 23 Nov 2024 21:39:19 +0000
Post From: Offering To The Community: Forex: Currency Decorrelation (and Currency Strength)
| [2019-03-05 11:54:42] |
| ILIM KIRGIZ - Posts: 187 |
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Brett, I made a mistake in the previous version of this post so I'm now updating it. Sorry. I set these currencies to Symbol List input of Currency Decorrelation Study. Basically 28 pairs of 8 major currencies. AUDUSD (AUD USD) 1.0, EURUSD (EUR USD) 1.0, GBPUSD (GBP USD) 1.0, NZDUSD (NZD USD) 1.0, USDCAD (USD CAD) 1.0, USDCHF (USD CHF) 1.0, USDJPY (USD JPY) 1.0, AUDCAD (AUD CAD) 1.0, AUDCHF (AUD CHF) 1.0, AUDJPY (AUD JPY) 1.0, AUDNZD (AUD NZD) 1.0, CADCHF (CAD CHF) 1.0, CADJPY (CAD JPY) 1.0, CHFJPY (CHF JPY) 1.0, EURAUD (EUR AUD) 1.0, EURCAD (EUR CAD) 1.0, EURCHF (EUR CHF) 1.0, EURGBP (EUR GBP) 1.0, EURJPY (EUR JPY) 1.0, EURNZD (EUR NZD) 1.0, GBPAUD (GBP AUD) 1.0, GBPCAD (GBP CAD) 1.0, GBPCHF (GBP CHF) 1.0, GBPJPY (GBP JPY) 1.0, GBPNZD (GBP NZD) 1.0, NZDCAD (NZD CAD) 1.0, NZDCHF (NZD CHF) 1.0, NZDJPY (NZD JPY) 1.0 chart time frame: 1 hour chart days to load setting is 120 days. other currencies bar back setting is 300 limit number of open charts 200 I've made two 2 tests. 1. I set "currency to decorrelate" input as USD and "decorrelate other currencies" input to yes. 2. with all the same settings above, I duplicated the chart and I set "currency to decorrelate" input as EUR and "decorrelate other currencies" input to "NO". I could only view " in FLAG: Active Symbols Used field It is 7 again. Then I moved the EUR Index from chart #1 to the second chart via Study/Price Overlay study. There is some difference between these two EUR Index results. See attached screenshot. As I need individual strength of each currency of 8 majors, which method do you suggest to separate every one of them decorrelating from a single study (option 1) or decorrelating each symbol one by one(2) then combine them into a single chart? Thanks. Date Time Of Last Edit: 2019-03-05 12:49:54
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 FX_Dec.JPG / V - Attached On 2019-03-05 12:47:28 UTC - Size: 129.64 KB - 718 views |