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Great thread bro, very interesting. Do you include market share of each currency to your indicator ?
Thanks! Maybe you could suggest a specific algorithm for including market share? I don’t think that this makes sense, but if you describe an algorithm in detail I’m willing to give it a try!
Sorry for late reply, i was busy with my EA …
I do not know whether this is right or wrong (need guide from GG) :
USD = msUSD * USD;
EUR = msEUR * EUR;
JPY = msJPY * JPY;
The market share value (msUSD, msEUR, msJPY, etc) can be get from :https://en.wikipedia.org/wiki/Foreign_exchange_market , just scroll down, look at part : Trading Characteristic, and on the right of it, we can see the market share table. The total there is 200%, so we must divide each value with 2.
ex: msUSD = 87% / 2 = 43.5 %. (attach market share image is found @FF).
The “anchor” , ADR, ATR, ROC and smoothing the line is interesting.
How to make the line smoother using Ehler’s 2 pole super smoother filter … ??