Larry Williams TDW Help?
fxmako:
Hi,I am interested in appling the TRADE DAY OF THE WEEK to forex pairs.
Can anyone help me the create a back test program to do this?
Basiclly, it is using historical data and determining over a period of time the tendency of a pair to close up from open or down from open on a dailly basis.
Then, adding those day together, give a % for each day of the week.
Example: GBP/USD tends to close up 60% of the time on Monday. (Not true just an example)
That's an interesting idea!
I cannot promise anything just yet, but if I feel like coding an indicator
I'll take this suggestion into consideration and would post results here.
Cheers!
Max
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I am interested in appling the TRADE DAY OF THE WEEK to forex pairs.
Can anyone help me the create a back test program to do this?
Basiclly, it is using historical data and determining over a period of time the tendency of a pair to close up from open or down from open on a dailly basis.
Then, adding those day together, give a % for each day of the week.
Example: GBP/USD tends to close up 60% of the time on Monday. (Not true just an example)