EilderJorgeGarcia

Simple Currency Strength Measurer IV

Version IV of the SCSM, this time thanks to @SAACI I learned more about the financial markets and some math stuff. This time I switched the formula a bit to use Zscores:
(close-sma(close,shortma))/stdev(close,dev)

This creates a nice oscillator like view, if you overlay TWO of them, one longer and one shorter you can get almost perfect absolute highs and absolute lows. Enjoy.
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What you mean by this : if you overlay TWO of them, one longer and one shorter
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Currency lines are different from the previous version.
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@Sanechek, Yes, that's the point of it being a new version instead of just an update. Nothing wrong with the last version, just that this one is more oriented for oscillator traders.
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Sanechek EilderJorgeGarcia
@EilderJorgeGarcia, What is better to use to find a trend reversal?
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@Sanechek, If you're aiming to find Absolute lows and absolute highs to trade swing moves then this one. If you plan on staying in the trend and hope it doesn't reverse then the other one is better.
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EilderJorgeGarcia EilderJorgeGarcia
Look for currencies near 3 and -3.
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Sanechek EilderJorgeGarcia
@EilderJorgeGarcia, I try to follow the medium and long-term trend.I Use W,D,240.
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