- 30 Aug 2017, 09:38
#1666
I know you asked us to keep discussion of CSS over at SHF but since my comment is slightly critical, it will not be received at SHF. Here is my comment - be careful with some of the values that you will get from Paul's indicator. They occasionally don't match up with what is actually happening in the market.
For example take a look at this current snapshot of the W1 timeframe, and notice that it shows CAD as the second strongest currency, and rising over the previous timeframe (weeks). Now look at this table of actual currency movements. In fact, CAD has been dropping over the previous week(s), losing to every other currency except JPY and it's not the second strongest currency, it is the 4th (of 8). I'm not sure what is causing the discrepancy.
So my advice is to be cautious with this one and compare it to other currency meters. I have lost confidence in this indicator, and off topic, most of the tools over at SHF.
I am still looking for a reliable currency meter that can display price trends as a graph, not just a table of values with up/down arrows.
For example take a look at this current snapshot of the W1 timeframe, and notice that it shows CAD as the second strongest currency, and rising over the previous timeframe (weeks). Now look at this table of actual currency movements. In fact, CAD has been dropping over the previous week(s), losing to every other currency except JPY and it's not the second strongest currency, it is the 4th (of 8). I'm not sure what is causing the discrepancy.
So my advice is to be cautious with this one and compare it to other currency meters. I have lost confidence in this indicator, and off topic, most of the tools over at SHF.
I am still looking for a reliable currency meter that can display price trends as a graph, not just a table of values with up/down arrows.
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