Forex ccfp

cluser indicator CC and CCFp updated - indicator for MetaTrader 4.

cluster indicatos CC and CCFp is originaled by Simeon Semenych, please ref to mql5/en/articles/1472 for what ideas is the code based on and how can the indications be interpreted.

My udpdated version provide the following 3 features.

1) the indicator refreshes itself for current bar, while the original does not.

2) the indicator can be used for brokers who has extra char in their symbol for pair, such as "EURUSD_fx", while the original does not.

3) the indicator has extra external variable, if ShowOnlyPairOnChart=True, then the indicator show the line for the current pair, however, it still takes all pairs into calculation.

Usage: it can be used to detect the relative strength for each currency by calculate their MAs. The MA settings are optimized by Simeon Semenych, so one best is not change it.

It is best to be used on H4 and larger timeframe.

If you want to chech the relative strength on small timeframe, then the T101 system is better in combination with cluster indicator. search Traders101 system on Forexfactory then.

The indicators takes around 1 minuet to load the first time to load up, since it calculates all the pairs MA. Be patient.

How to use CCFp indicator?

Don’t be puzzled about the use of CCFp indicator. It is pretty simple. As it is described above CCFp is a is a trend following indicator thus, stick to the rule of trend following indicators and follow the trend.

If you are trading EURUSD, I would recommend you to take the following steps:

1 – Either making EURO and USD related lines thicker or eliminating the irrelevant currencies off your chart.

2 – Determine and be sure which color represents which currency.

3 – Look for the slope of the lines on your indicator window.

4 – Look for change in slope of these two currencies (e. g. if EURO is sloping down and USD is sloping up it would signal as a short signal for EURUSD)

5 – Crossover of two lines does not necessarily mean a continuation signal, but often turns into a correction point or reversal point.

6 – Signals occurring when both currencies are on opposite direction of the 0.00 line would have better chance and be far more reliable.

How to set up CCFp indicator on MT4?

1- Drag and drop CCFp. mq4 file to your indicators folder on your MT4.

2- Restart your MT4.

3- Drag and drop CCFp from your list of custom indicators directly on any of your charts.

CCFp indicator was sent to us by our users, Ali Jafarov from Azerbaijan. AtoZForex does not carry any right over this indicator.

Do you have a reliable indicator or EA? Would you like to share it with our users?

CCFP expert advisor.

CCFP expert advisor.

For last two weeks I am testing Relative strength EA based on CCFP indicator. As this indicator measures strength between currencies it takes a lot of resources of the computer. Calling of the indicator is through iCustom function and this is the reason why this EA is "slow".

Is there any way to improve the performance of the EA in the way of implement calculation of CCFP inside EA, without calling extern indicator?

For last two weeks I am testing Relative strength EA based on CCFP indicator. As this indicator measures strength between currencies it takes a lot of resources of the computer. Calling of the indicator is through iCustom function and this is the reason why this EA is "slow".

Is there any way to improve the performance of the EA in the way of implement calculation of CCFP inside EA, without calling extern indicator?

For last two weeks I am testing Relative strength EA based on CCFP indicator. As this indicator measures strength between currencies it takes a lot of resources of the computer. Calling of the indicator is through iCustom function and this is the reason why this EA is "slow".

Is there any way to improve the performance of the EA in the way of implement calculation of CCFP inside EA, without calling extern indicator?

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Ccfp forex. AtoZ Tutorial - On how to utilise the CCFp trend follower Indicator on your meta trader! Download it for free.

Forex Basket Trading System.

Ccfp forex. In examples we used such indicators as CCFp and CCp. These indicators have up to eight information lines, each of them corresponds to a certain currency. Very often in analysis it is interesting to view all lines, but in the examples the lines of currencies, not included into the analyzed pair, will be hidden.

Traders buy and sell assets for currency in financial markets, and while there is no problem in assessing the value of the instrument on the commodity or stock exchange, Forex has got special cluster indicators for this purpose. In this case, cluster should be understood as a set of currency pairs that serve as a base to calculate the dynamics of each individual currency. A cluster can be represented as a polygon, each angle of which corresponds to a certain currency, while the sides and diagonals form currency pairs.

The following figure shows an example of such a cluster:. If we are interested in the objective value of the euro, we will have to calculate it based on the rate of three pairs: Thus, the cluster indicators filter out various information noise and display only the overall dynamics of a particular currency.

Speculations on the decisions of central banks can be an example, because if the US dollar falls in price relative to the Swiss franc on SNB decision to increase the base rate, this does not mean that the dollar becomes objectively weaker � on the contrary, it could rise to the euro and the yen in the meantime. In this regard, the clusters resemble currency indexes, but while you need to select the optimal weight of each pair in the index to construct the latter because of the different value of one point , the cluster analysis only takes into account the relative exchange rate fluctuations with respect to each other in other words, the dynamics is expressed as a percentage.

We could choose to describe other methods, but the development of this particular programmer became the starting point for the creation of later cluster modifications and clear "plagiarism". So, today there are two trend-tracking indicators, the first is called CCFp and shows the relative deviations of the 8 major currencies from the balance line, while the second CFP automatically detects the currency pair upon installation on the chart and displays the trend only for this instrument:.

As the author notes, trend cluster indicators do not give signals to buy and sell, they only assess the balance of power in the market and can be used by traders in the manner similar to CCI, i. The mentioned indicators are set using the same variables:. On the other hand, if the indicator line is above below zero for a long time, this state can already be interpreted as overbought oversold , but to be honest, it is very difficult to capitalize on it, because you will need to gain a position on all cluster pairs at the same time by the minimum amounts and without stop-losses, so there are the following general scenarios on example of CCFp:.

This is due to the fact that CFP and CCFp take into account the situation on multiple timeframes, and signal models investigate the market only on the chart where they were installed by the user.

In this case, you can try to buy and sell the entire portfolio of currency pairs included in the set of the cluster from the limit boundaries of fluctuations.

The only caveat is that the range limits will have to be pre-calculated using statistical techniques or just making a rough estimation. Another reliable signal to open an order may be the intersection of lines characteristic of the currencies in the pair. By the way, you will need to perform one more action to avoid confusion � make all lines transparent, except the blue EUR trend and green USD dynamics.

The conclusion is obvious � the intersection of the lines should be used as signals. Decent results are also obtained in the prediction based on the markup of trend lines and channels on the CCp indicator, but if you buy the "undervalued" pair relative to the entire cluster which deviates from the general trend stronger than others , as some traders on the forums recommend, you can fall into drawdown for a long time. Given the fact that these indicators are written in MQL4 language, it is necessary to take several features into account.

Secondly, the terminal may freeze for a few seconds during strong movement. The last nuance is that you will have to update the chart from time to time to ensure the lines are displayed correctly.

Forex About the site. Reliable Tool for Assessing Trends. The following figure shows an example of such a cluster: So, today there are two trend-tracking indicators, the first is called CCFp and shows the relative deviations of the 8 major currencies from the balance line, while the second CFP automatically detects the currency pair upon installation on the chart and displays the trend only for this instrument: All information is provided for reference and cannot be considered as a recommendation.

Website administration is not responsible for damages resulting from the use of the information provided. Settlement of transactions in the foreign exchange and stock markets involves taking concomitant, high risks by the trader. Before you start trading, you need to understand how much you can lose, and in no case change this amount.

Please only risk with the funds available to you, and do not use borrowed money in trading.