Relative Strength Formula using EMA
January 21, 2006 by Trader Rich
I’ve changed my relative strength calculations to use EMA, specifically the 5-day EMA. This information will be updated automatically as I am automating the data retrieval and data crunching this weekend. There are more changes to come but I find that this graph is useful for determining a base currency strength or weakness against others in the basket. Think of it as being an index for each countries currency…
http://www.forexproject.com/staticfiles/ema_rs.php
As always, feedback is appreciated. It is beneficial to everyone that the graph is tweaked in any way possible that would make it more useful.
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would love to hear how you are retriving data automatically as I’ve been trying to figure out how to do this. I’ve been exporting manually into excel, but would like to grab the price feed and data crunch using perl. getting the price feed i haven’t quite figured.
would love to hear how you are retriving data automatically as I’ve been trying to figure out how to do this. I’ve been exporting manually into excel, but would like to grab the price feed and data crunch using perl. getting the price feed i haven’t quite figured.
Currently I’m only getting end-of-day data from eoddata.com. I pay 9.95 a month because this plan enables me to download via http://FTP. If you are only looking for end of day, let me know.
Currently I’m only getting end-of-day data from eoddata.com. I pay 9.95 a month because this plan enables me to download via http://FTP. If you are only looking for end of day, let me know.