>>20841402Here's the pastebin for the source. I don't care if you take it, it's FOSS anyways
https://pastebin.com/raw/eENL0k4bBasically, instead of using weighted values to make the DXY, we make our own with straight multiplication, all the USD/___ pairs get multiplied, and all the ___/USD pairs get divided. You can do this and make a chart that looks exactly like DXY (with different values). So if we can make our own DXY, why not do it with each base currency?
Once we have our "index":
>do a lookback N candles ago to see how much price has changed, percent wise>smooth this value by like 5 EMA or something to round out the peaks and valleys>run it through an oscillator to find local high/low values>smooth it again but use HMAThe magic part is that most smoothing will average out the values. For some reason, HMA will actually pop the values past 1 in some cases, technically "breaking" the oscillator part. I use this as a signal. From there, signals are picked when two opposing currencies change color (ROC flips from positive to negative). I find that sometimes it's best to enter immediately, and sometimes it's better to enter at 0.618 ATR or 1.000 ATR pullback.
I have had ZERO luck using this on weekly, hourly, or 4h charts. It feels like two lines crossing on 4h is a good starting point, but fuck if I can get it to work. Just make sure the 1D chart has them on opposite sides of the channel
