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By Verde Solution
The Smoothed WPR indicator is a powerful VertexFx client side indicator script that provides insights into the market trend and reversal of trends. It is based on the Williams %R indicator. The Williams %R displays the relationship of the current closing price with respect to recent N highs and lows. Unlike normal oscillators, Williams %R is a negative oscillator, in the sense that -100 represents oversold conditions and 0 represents overbought conditions. The Williams %R although very useful in identifying trend reversals produces whipsaws when there is a large deviation in the latest closing price. To avoid whipsaws and provide more reliable technique for identifying reversals the Williams %R is smoothed using a smoothing co-efficient. By default the smoothing co-efficient calculated as 2 / (1 + SMOOTHING PERIOD). By default the smoothing period is same as the Williams %R period. However, the user can override the default smoothing period by set the value of SMOOTH_PERIOD to the desired period. When the value of Smoothed WPR is falling it indicates a bearish trend. When the value falls below -80 and starts reversing (or moves sideways), then oversold trend is nearing completion and the market should turn from bearish to neutral or bullish. Similarly, when the value of Smoother WPR is rising it indicaters a bullish trend. When the value rises above -20 and starts reversing or exhibits sideways movement, then it can be inferred that the bullish market is nearing completion. It is very likely that the market will turn sideways or bearish soon after this event. BUY / EXIT SHORT - It is recommended to enter a LONG position (or exit SHORT) when the Smoothed WPR is below -80 and starts moving sideways or upwards. SHORT / EXIT LONG - It is recommended to enter SHORT position (or exit LONG) when the Smoother WPR is above -20 and starts moving sideways or downwards.
smoothed wpr.vtl
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By Verde Solution
The EURX indicator is a powerful VertexFx client-side indicator script that calculates the Euro Index in real-time. The Euro Index is a powerful macro-economic indicator that presents a composite view of the European currencies. It is calculated from five major European currencies, namely EURUSD, EURGBP, EURCHF, EURJPY and EURSEK (Swedish Krona). The calculation of the Euro Index is as follows, 34.38805726 x Pow(EURUSD, 0.3155) x Pow(EURJPY, 0.1891) x Pow(EURGBP, 0.3056) x Pow(EURSEK, 0.0785) x Pow(EURCHF, 0.1113) where Pow(currency, exponent) is the exponent (power) of the currency value. The main Euro Index labeled EURX is plotted as a thick line. The indicator also plots two moving averages of the EURX, namely the short term and long term moving average. The periods of these averages can be configured and changed by modifying the SMA_PERIOD_SHORT and SMA_PERIOD_LONG respectively. The EURX depicts the strength of the Euro against the five major currencies, namely the US dollar, the Japanese yen, the Swiss franc, the British pound and the Swedish kroner. A rising EURX index implies that the Euro is gaining strength against other currencies, and a falling EURX index implies the Euro is weakening against the other currencies. Therefore, we buy when the EURX is rising and sell when EURX is falling. The short term moving average provides a reference as to when to buy or sell the Euro based on the EURX indicator. BUY : Enter a BUY trade in any of the Euro denonimated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses above its short term moving average. SELL : Enter a SELL trade in any of the Euro denominated currencies, namely EURUSD, EURGBP, EURCHF, EURJPY or EURSEK when the EURX indicator crosses below its short term moving average.
EURX.vtl
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By edakad
Firebird is an indicator to identify the price spikes in the market. Firebird indicator first calculates a 10-period moving average, then shifts this moving average a certain percentage above and below the 10-period moving average. The shifted averages are drawn on chart as the red and green line. When price touches these lines, price spike is identified. Usually after a price spike, the trend reverses for some time. The indicator can be used to take advantage of this price behaviors. In daily chart usually the 10 period MA is shifted by 2 percent to form the price bands. On lower time frames like Hourly, Four Hour a smaller percentage price shift is used like 0.5% . The important consideration here is most of the price bars must be contained within the upper and lower bands.
When price reaches above the upper red band, a sell position is opened. When price reaches the lower green band, buy position is opened. Trades can be managed with proper stop loss and take profit. In the picture, Firebird indicator is attached to daily chart of EUR/USD with 2% shift on MA. Note that almost all price bars are within the price bands. And when price extends beyond these bands, price trend reverses and comes back into the bands.
FireBird.zip
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By HFblogNews · Posted
Date: 21st February 2025. European PMI Disappoint, Weighing on Euro Before German Elections The Euro is the first currency to witness the volatility on this month’s PMI reports. The French, German and British PMI data have resulted in the Euro being the worst-performing currency of the European Session so far. However, will the Euro continue to decline throughout the day? European Purchasing Managers’ Indexes The French Purchasing Managers Index was the first European index to be made public. The release resulted in the Euro instantly declining 0.24%. The main concern from the French data was the Services PMI which fell from 48.2 to 44.5. Previously the market was expecting the data to remain more or less unchanged. The weak data triggered the decline which came to a halt after Germany’s PMI was released. The German Manufacturing PMI read 0.5 points higher than previous expectations and the Services PMI was 0.2 points lower. The data from Germany was a relief for Euro investors and the price rose 0.12% higher. However, traders should note that the price of the EURUSD continues to remain 0.20% lower than yesterday’s close. The price of the EURUSD will now depend on the PMI data from the US. The value of the US Dollar will depend on its PMI release this afternoon and the Consumer Sentiment Index. Analysts expect both the US Services and Manufacturing PMI data to remain above the 50.00 level in the expansion zone. German Elections 2 Days Away Germany is set to hold a general election this Sunday, February 23rd, following the collapse of the coalition of social democrats, liberals, and greens. Given the country's highly proportional electoral system, German polls provide a strong indication of potential government formations post-election. The main concern for Germany is the AFD party who are Far-Right Nationalists. Currently, ahead in the polls are CDU (centre-right), and AFD (far right), followed by the SPD (centre-left). Traders should note that the results of the elections are likely to trigger strong volatility on Monday, but also influence volatility today. Economists may become further concerned if the far-right gains power for the first time due to uncertainty. If the government, similar to France, is unable to form a coalition, this would also be a concern for the Eurozone. Furthermore, the Euro this week is also under pressure from comments from members of the European Central Bank. ECB Governing Council member Fabio Panetta said to journalists that officials need not slow interest rate cuts, as January's 2.5% inflation is still expected to reach the 2.0% target this year. He also advised the European economy is weaker than previously expected. EURUSD - Technical Analysis and Indicators The EURUSD is trading above the 75-bar Exponential Moving Average and 100-bar Simple Moving Average on the 2-hour chart. However, the price is moving away from the key resistance level at 1.05058 indicating the price is losing momentum. The short-term volatility is indicating the price is retracing downwards. On the 5-minute timeframe, the price is trading below the 200-bar SMA and is also forming clear lower lows and highs. Simultaneously, the US Dollar Index is trading above the 200-bar SMA on the 5-minute chart confirming no current conflicts. Currently, the US Dollar is the best-performing currency of the day attempting to regain losses from the past 2 weeks. Watch today’s Live Analysis Session for more signals as they develop! Key Takeaway Points: Weak French Services PMI triggered an initial Euro decline, but German PMI provide a slight relief. However, EURUSD remains lower than yesterday’s close. The Euro’s direction now depends on the US PMI reports, with analysts expecting US data to stay in expansion territory. Sunday's German election could drive volatility, especially if the far-right AFD gains power or if coalition formation proves difficult. ECB official Fabio Panetta suggested no need to slow rate cuts, citing weaker-than-expected economic performance and expected inflation decline. Always trade with strict risk management. Your capital is the single most important aspect of your trading business. Please note that times displayed based on local time zone and are from time of writing this report. Click HERE to access the full HFM Economic calendar. Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE! Click HERE to READ more Market news. Michalis Efthymiou HFMarkets Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission. -
By Stocks4life · Posted
BE Bloom Energy stock, watch for a range breakout, target 34 area at https://stockconsultant.com/?BE -
By Stocks4life · Posted
APLD Applied Digital stock. nice rally, watch for a top of range breakout at https://stockconsultant.com/?APLD -
By Stocks4life · Posted
UAL United Airlines stock, watch for a narrow range breakout, target 122 area at https://stockconsultant.com/?UAL -
By Stocks4life · Posted
WBD Warner Bros Discovery stock, watch for a range breakout at https://stockconsultant.com/?WBD
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