AUD/USD is going up, and EUR/USD is going down, and I can only place a single position on either long AUD/USD or short EUR/USD. In this case, I would not consider AUD/EUR, and there are only AUD/USD and EUR/USD for selections.
Does anyone have any suggestions on how to compare the strength between 2 objects in different directions?
Thanks in advance for any suggestions
How to compare the strength between 2 items in different dir
Have you considered
- Indicator1 = (HH(5 bars) - LL(5 bars)) / (HH(100 bars) - LL(100 bars))
- Indicator2 = SMA(TrueRange, 10 bars) / SMA(TrueRange, 100 bars)
- Indicator3 = Welles Wilder's ADX
- Indicator4 = PrettyGoodOscillator
- Indicator 5 = Chande's Momentum Oscillator
This one seems a simple one, but does it simply determine the volatility by comparing short-term/long-term without certain direction?sluggo wrote:Have you considered
- Indicator1 = (HH(5 bars) - LL(5 bars)) / (HH(100 bars) - LL(100 bars))
I get no idea on how to apply on selecting between AUD/USD and EUR/USD,
Do you have any suggestions on how to use it?
Thank you very much for any suggestions :>