The following correlations between two or more currencies in FX market are widely used by many traders across the world. CCFp trend follower indicator is based on Moving Averages and aims to measure the relative strength of 8 major currencies against their major counterparts.. The chart below outlines the indicator covering 8 currencies USD, EUR, GBP, CHF, AUD, CAD, JPY, and NZD. CCFp, two line of the pair you traded cross. example1 you have buy position AUDJPY for a few day then AUD value drop cross down JPY line (while JPY is pushing up its value) example2 your currency cross zero line, e.g. long position AUD and it drop cross 0 line or +0.01 line if you trading above it, same thing goes for sell position 0 line or -0 ... This type includes two indicators (See Fig 3): CCFp, which reflects two currencies, and others are hidden, and the indicator CFP, adjusted to the given pair EURUSD. Like in impulse indicators, intersection points of CCFp indicator lines coincide with the intersection of the indicator line with the balance line. CCFp (Complex Common Frames Percent) MT5 Indicator is a Metatrader 5 (MT5) indicator and the essence of the forex indicator is to transform the accumulated history data. CCFp (Complex Common Frames Percent) MT5 Indicator provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye. On the other thought, how about making a ccfp an EA actually? instead of using iCustom stuff and all? :-) ... Can you have a look at this link Currency Strength Robot - Forex Auto Trading System â€” Forex Automated Trading System for MT4 based on Currency Strength it is a smiliar idea that Henry Liu has developedin a Robot. Please lets ...
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