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4xCorrelate calculates what the forex market price of a currency pair should be, based on price data of currency pairs or commodities that are known to be correlated with the target currency pair. Data for the currency pairs or commodities (henceforth referred to as correlators) can be entered from the keyboard, and the theoretical price of the target currency pair is calculated upon clicking the Calc button.
For each correlator, three elements of data have to be entered. The current price is entered into the first column; the moving average of the price is entered into the second column; and the correlation factor is entered into the third column. Those three elements, plus the moving average of the target currency pair, are the minimal set of data necessary to calculate the target price. Data can be entered for one to four correlators, and all of the data is integrated into the calculation.
The moving averages entered in the second column should all have the same parameters. That is, they should all be simple moving averages or exponential moving averages, the same number of time periods, such as 100, 50, or 20, and the time periods should all be the same, such as days or hours. Combining moving averages with different parameters will invalidate the calculation, because it would be like comparing apples to oranges.
| Name: |
4xCorrelate |
| Version: |
1.0 |
| Cost: |
$50.00 |
| Platform: |
Win95,Win98,WinME,WinNT 3.x,WinNT 4.x,Windows2000,WinXP,Windows2003 |
| File Size: |
0.04 MB |
| Website: |
Steven A Brown |
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