SELL AUDNZD Open: 1.07627 Instrument1: AUDUSD Instrument2: NZDUSD FastPeriod: 12 SlowPeriod: 63 image Let's see how it turns out.

Detecting Fake Price Movements - Convergence Divergence Indicator

Hi PipsMeUp This system: url Uses the CCFp indicator, which also uses correlation to generate signals. It uses USD across 28 pairs as its counter currency for number crunching. As you can see from that thread, it is doing really well. I am not ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Hi RapzyFX My take from the provided literature is that - yes, if the conditions are met then price at that time is fake. However, just like any other indicator - doesn't always work. So we need to build a trading system that complements this ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Indicator has been updated to provide signals more frequently. Changes as follows: 24 hours NOW 12 hours 90 days NOW 63 days Quality still looks good. I will start posting charts soon.

Detecting Fake Price Movements - Convergence Divergence Indicator

Please post screen shot of chart with indicator and post screen shot of your indicator settings.

Detecting Fake Price Movements - Convergence Divergence Indicator

Have you seen a previous post with a similar question?

Detecting Fake Price Movements - Convergence Divergence Indicator

Hi Please make sure you download full history for the pairs specified in the indicator. Once you download the history, it will work as expected. EDIT: According to the pictures you posted, you are not using the latest version. Please download the ...

Detecting Fake Price Movements - Convergence Divergence Indicator

No more issues. I've figured it out. The indicator is fully functional now.

Detecting Fake Price Movements - Convergence Divergence Indicator

WARNING: DEMO ONLY MOST of the hard work is done! Now, we need the rest of the trading community to jump in, try it out and provide feedback on progress, so that we can tweak and optimise accordingly. This is an H1 trading system. So signals don't ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Trading Rules have been updated on post #1.

Detecting Fake Price Movements - Convergence Divergence Indicator

Thanks RapzyFX! The indicator is already built and does work if you load it on a chart with valid configuration. The only issue I have now is back testing it. I have been in touch with FerruFX, so let's see what comes of that.

Detecting Fake Price Movements - Convergence Divergence Indicator

I have added some code in the initialisation of the indicator, which should prevent you from configuring incorrect pairs. You would see a comment on the chart that says: "Must be attached to a SYMBOL chart."

Detecting Fake Price Movements - Convergence Divergence Indicator

Hi Steve Thanks for the clarification. I see what you were trying to measure. How did your EURJPY trade go? For now, let's stick to the recommended / researched approach on which pairs to trade. I would like to establish a trading system first. I ...

Detecting Fake Price Movements - Convergence Divergence Indicator

You are correct, we do not have sufficient examples. However, based on what you have just said - makes perfect sense. I think the rules are more clear now. I will post accordingly on Post #1.

Detecting Fake Price Movements - Convergence Divergence Indicator

I was under the impression, that for positively correlated pairs you are only looking for BUYS when they have diverged. For negatively correlated pairs you are only looking for SELLS when they have converged. For now, I have scratched the original ...

Detecting Fake Price Movements - Convergence Divergence Indicator

I feel like I am swimming on my own over here... Anyways, I have identified the following pairs and possible combinations for trading them with this indicator: AUDCAD = AUDCHF + CADCHF AUDCAD = AUDJPY + CADJPY AUDCHF = AUDJPY + CHFJPY AUDNZD = ...

Detecting Fake Price Movements - Convergence Divergence Indicator

My understanding is: RED line above 0.7 - positive correlation. In this case we look for where the BLUE line is below -0.5 (negative correlation), because we expecting it to cross above 0.5 (positive correlation). RED line below -0.7 - negative ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Hi Steve Good job on your indicator. However, it seems like you have swapped the meaning of the blue and red lines. This is what my indicator looks like now, on post #1. image Kindly explain to me why you attached the indicator to EURJPY? What are ...

Detecting Fake Price Movements - Convergence Divergence Indicator

Thanks for the tip!

Detecting Fake Price Movements - Convergence Divergence Indicator

Attached is my first attempt at writing this indicator. Any smart developers out there care to correct the code? Last few bars don't seem to be rendering correctly. Something to do with rates_total and prev_calculated I suspect. See first post for ...

Detecting Fake Price Movements - Convergence Divergence Indicator