Hello Everyone,
How I can calculate Absolute Currency Strength.
Please look at this link for more details:
http://www.articlesbase.com/currency-trading-articles/how-to-trade-with-relative-rcs-and-absolute-acs-currency-strength-3100840.html
As far as I know Absolute strength can be calculated using close prices.
I put all the 8 currencies in a matrix like below:
USD EUR AUD CAD JPY NZD CHF GBP
USD 1 x1 x2 x3 x4 x5 x6 x7
EUR 1/x1 1
AUD . 1
CAD
JPY
NZD
CHF
GBP
which every item is close price of a pair currency
if a pair currency like USDEUR doesn't exist its value will be 1/EURUSD.
so the problem is finding every currencies value (I think using Eigenvalues).
How I can calculate Absolute Currency Strength.
Please look at this link for more details:
http://www.articlesbase.com/currency-trading-articles/how-to-trade-with-relative-rcs-and-absolute-acs-currency-strength-3100840.html
As far as I know Absolute strength can be calculated using close prices.
I put all the 8 currencies in a matrix like below:
USD EUR AUD CAD JPY NZD CHF GBP
USD 1 x1 x2 x3 x4 x5 x6 x7
EUR 1/x1 1
AUD . 1
CAD
JPY
NZD
CHF
GBP
which every item is close price of a pair currency
if a pair currency like USDEUR doesn't exist its value will be 1/EURUSD.
so the problem is finding every currencies value (I think using Eigenvalues).