420snoop

Euro/Dollar Strength

Hey all,

I have been using this strategy for a while, just like my last script ( XAG/USD Spread) this utilizes my 'holy grail' method of basket weighting ( aka why the script is protected).

This script just looks for periods of time when the euro is gaining against a basket of currencies and the USD is losing vs the basket (and vice versa)

I use this script on the 4H time frame; although I can make this script work for almost any currency pair and time frame I have the most success with EURUSD 4H.

I personally use 3 of these 'strength meters' in triangular arbitrage for EU UJ and EJ

if I get good feedback and support I may publish the other 2 of the 'triangle' or even make a version that automatically detects the currency pair and adjusts settings accordingly.

Thanks for the feedback and support, hope this helps!

Snoop
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Nice work mate. Thanks. Hope you release for other pairs soon.
Regards
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OK all, I have created an alerts version of this script I'm trying to add some more improvements as well. If I keep getting love like this on my scripts I might keep releasing the betas and giving access to people who trade EURUSD and other 'high weighted pairs' in my basket.
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As you can see the indicator has switched from selling to buying off the basket data. Also it has confluence with a gann square and has made a move back up to the 233 MA. The 233 MA and another gann line stand in the way of further up moves but the basket data shows a stronger euro.

Not sure if I agree (especially with the looming italian debt crisis) but we will see how this plays out!
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420snoop 420snoop
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420snoop 420snoop
@420snoop, has smoothing = 2 instead of 1....
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420snoop 420snoop
@420snoop, 1.6% or so since last post
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420snoop 420snoop
@420snoop, maybe clearer
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420snoop 420snoop
@420snoop, Hey self, just a heads up the EU script is printing SELL again :)
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Really guys? Whatever strategy has more than 5 Profit Factor is suspect of re-painting. But 87 PF and on top of that 94% Percent Profit... Come on....
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420snoop cristian.d
@cristian.d, turn up smoothing and help me determine if it is; don't just say things like this with no contribution...
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