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Soultrader

Heikin Ashi Trend Indicator

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Here's an interesting indicator I picked off at the TS forum. It's a slightly modifed version of the heikin ashii indicator.

 

So What Does It Do?

 

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

 

50% range = Average True Range

 

It really depends on how you want to use it. This can be applied on multiple timeframes. Its a great way to visually see the trend of the market.

 

Screenshot is attached.

trendindicator.gif.4f3697110e1a0911d2f960df033e9c4e.gif

20050523033558TTMTREND.ELD

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Cool - I like the Heikin Ashii trend too since I am a fan of Hubert.

I watch his free videos almost every day.

 

I created his workspace by watching his videos and by getting the indicators from the TS forums.

 

I have attached both, in case someone is interested. Import the ELD first and then the workspace.

 

thum_10584592c267631b3.jpg

HUBERTS-WS-INDICATORS.ELD

ER2-Hubert-workspace.zip

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thanks nick,

 

the brick indictaor looked a bit too much for me, but the squeeze and ttm trend look pretty cool. I never really thought about looking at the tradestation forums, so thanks for the tip :p

 

Do people make money with these indicators? I've always thought indicators were a waste of time but these look ok!

 

ah! that workspace looked interesting although i dont really know what the WPCVA or ESINK is :confused: Although, I trade the YM myself.

 

cheers, jay.

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thanks for those videos nick - are they from the live trading room from trade the markets.com. - i always wanted to know what it looked like in there :p

 

are you a member at tradethemarkets.com. I always fancied joining up, but its a bit expensive without really knowing if its any good!

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Here it is in C++

 

BaseDataIn 0 is open, 1 is high, 2 is low and 3 is close:

 

int pos, updn=0;

float jO=0, jH, jL, jC=0, jHm1, jLm1;

sg.DataStartIndex=15;

 

jL=sg.BaseDataIn[4][0]; jO=jL; jC=jL; jH=jL;

for (pos=5; pos < sg.ArraySize; pos++)

{

jHm1=jH;

jLm1=jL;

jO=(jO+jC)/2;

jC=(sg.BaseDataIn[0][pos]+sg.BaseDataIn[1][pos]+sg.BaseDataIn[2][pos]+sg.BaseDataIn[3][pos])/4;

 

if(jO>sg.BaseDataIn[1][pos] && jO>jC) jH=jO; else if(jC>sg.BaseDataIn[1][pos]) jH=jC; else jH=sg.BaseDataIn[1][pos];

if(jO<sg.BaseDataIn[2][pos] && jO<jC) jL=jO; else if(jC<sg.BaseDataIn[2][pos]) jL=jC; else jL=sg.BaseDataIn[2][pos];

 

if(jH>jHm1 && jL>=jLm1) {updn=1;} else

if(jL<jLm1 && jH<=jHm1) {updn=-1;};

 

if((sg.Input[2].FloatValue!=1 && sg.Input[2].FloatValue!=-1) || (sg.Input[2].FloatValue==1 && updn==1) || (sg.Input[2].FloatValue==-1 && updn==-1))

{

sg.Subgraph[0].Data[pos]=jO;

sg.Subgraph[1].Data[pos]=jH;

sg.Subgraph[2].Data[pos]=jL;

sg.Subgraph[3].Data[pos]=jC;

};

}

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This is the code for the TTM Trend:

 

{ ModHA PaintBarStudy  1/20/04

modified Heikin-Ashi technique

compares current bar open to close range
with prior bars...if current is within
prior then color remains the same

Taken from
https://www.tradestation.com/Discussions/Topic.aspx?Topic_ID=22399

Modified by mm to make it more like TTM Trend - appears to match
www.tradethemarkets.com

}
inputs:	CompBars(6), UpColor(Blue), DnColor(Red), BarWidth(1);

vars:	haClose(0), haOpen(0), color(0);

if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
end;

if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4; 
haOpen = (haOpen [1] + haClose [1])/2 ;

{ ................................................................................ }

if haClose > haOpen then color = UpColor
else color = DnColor;

for value1 = 1 to CompBars
begin
	if haOpen <= MaxList(haOpen[value1],haClose[value1]) and
 		haOpen >= MinList(haOpen[value1],haClose[value1]) and
		haClose <= MaxList(haOpen[value1],haClose[value1]) and
		haClose >= MinList(haOpen[value1],haClose[value1]) then
			color = color[value1];		
end;

{ ................................................................................ }


//	plotPB(haOpen,haClose,"heikin-ashi",color);
plotPB(High,Low,"heikin-ashi",color);
SetPlotWidth(1,BarWidth);
SetPlotColor(1,color);

end;
{ ................................................................................ }

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This is the code for the Squeeze aka BB Squeeze:

 

[LegacyColorValue = true]; 

{@@14439@@}
{04/05/2006}
//Updated by TradingDude, fixed "division by zero error"

{02/16/2005}
{Updated by Redlock}
{		
Well, I have been working in this indicator. I have made a couple of changes: 
(1) that if the momentum changes direction, it changes color. 
(2) I have taken out the plotting of the alertline 
(3) have the dots plotted along the axis 
(4) Have changed the name of the indicator to BBSqueeze (cuts down on confusion).

I think that you will find that it resembles what is on the TTM indicator.}

{------------------------------------------------------------------}
{mmillar, 05/12/2005
For anyone interested I made a small change to the indicator(s) above.
I found that the indicator displayed fine for ES, YM etc but screwed up for FX - 
this is due to the number of decimal places used by the symbol. 
I just added a multiplier so the indicator is normalised across all symbols.

Add the following lines...
Vars: LHMult(0);
if ( barnumber=1 ) then Begin
LHMult=pricescale/minmove;
end;

And modify the following line so that it includes the LHMult variable...

Plot3(value2*LHMult, "NickmNxtMove", color);

}

{ Bolinger Band Squeeze (BBS) Indicator }

{ A variation of an idea by nickm001 (Originally coded by eKam) that when Bollinger Bands (BB) fit inside
the Keltner Channel (KC), a breakout is about to occur. It works on longer term charts, such as
15 minute to daily charts.

This code creates an indicator that plots the ratio of BB width to KC width. When BB and KC widths are
the same, the ratio (BBS_Ind)is equal to one (1). When the BB width is less than the KC Width (i.e. BB
fit inside KC), the BBS_Ind is less than one and a breakout is indicated.

An Alert Line is provided to indicate the level at which the trader considers that the "sqeeze is on" and 
a breakout is eminant.

Coded by Kahuna 9/10/2003

Added by eKam: 9/10/2003
The average of where price has been relative to the Donchian mid line and Exponential average of the
same length is also plotted as an attempt to predict the direction of the breakout.

Added 2/1/2005 For decreasing Delta bar....darker colors to highlight the change.}

Inputs: {------------------------------------------------}
Price(Close),
Length(20), { Length for Average True Range (ATR) & Std. Deviation (SD) Calcs }
nK(1.5), { Keltner Channel ATRs from Average }
nBB(2), { Bollinger Band Std. Devs. from Average }
AlertLine( 1 ), { BBS_Index level at which to issue alerts }
NormalColor( Red ), { Normal color for BBS_Ind }
AlertlColor( Blue ); { Color for BBS_Ind below alert line }


Variables: {---------------------------------------------}
ATR(0), { Average True Range }
SDev(0), { Standard Deviation }
BBS_Ind(0), { Bollinger Band Squeeze Indicator }
alertTextID(-1),
Denom(0),
LHMult(0);



if ( barnumber=1 ) then 
Begin
If minmove <> 0 then
	LHMult = pricescale/minmove;
end;

if barnumber = 1 and alertTextID = -1 then
alertTextID = Text_New(date,time,0,"dummy");

{-- Calculate BB Squeeze Indicator ----------------------}
ATR = AvgTrueRange(Length);
SDev = StandardDev(Price, Length, 1);

Denom = (nK*ATR);
If Denom <> 0 then
BBS_Ind = (nBB * SDev) /Denom; 

If BBS_Ind < Alertline then
SetPlotColor(1, NormalColor)
else
SetPlotColor(1, AlertlColor);

{-- Plot the Index & Alert Line -------------------------}
Plot1(0, "BBS_Ind");

{-- Plot delta of price from Donchian mid line ----------}
value2 = LinearRegValue(price-((Highest(H, Length)+Lowest(L, Length))/2
		+ xAverage(c,Length))/2,Length,0);

var:color(0); color = yellow;

if value2 > 0 then 
if value2 > value2[1] then 
color = green
else
color = darkgreen;

if value2 < 0 then 
if value2 < value2[1] then color = red
else
color = darkred;

Plot3(value2*LHMult, "NickmNxtMove", color);
{plot3(value2,"BB Squeeze",color);}

{-- Issue Alert when the Squeeze is On ------------------}
if BBS_Ind crosses below AlertLine
 and Text_GetTime(alertTextID) <> time then 
 begin
text_setLocation(alertTextID, date, time, 0);
Alert("Check for Squeeze Setups on " + SymbolName);
 end;

{-- Issue Alert when the Squeeze Releases ---------------}
if BBS_Ind crosses above AlertLine
 and Text_GetTime(alertTextID) <> time then 
 begin
text_setLocation(alertTextID, date, time, 0);
Alert("Squeeze is Over on " + SymbolName);
 end;

if BBS_Ind crosses below AlertLine then
SetPlotColor(1, Green);

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This is the code for the 3 Bricks Reversal:

 

[LegacyColorValue = true]; 

{*********************************************************  
3_LineBrk_V4  Modified 2/12/04 WAV

added input to show/hide paintbars (true/false)
added input to show/hide brk line (true/false)
added input for BrkLine length
alert once per bar only

 use: how to hide regular price bars
  ( format symbol, style, BarType to Line on Close or dot,
   color to chart background or similar )
**********************************************************

"3 Brick Reversal" Modified and Renamed 06/21/06 PatientTrader
(Lonnie VanZandt)

added TrendLine drawing to draw the tops and bottoms of
the "bricks"

cleaned up the Alert reporting

added a vertical Trendline as the last PaintBar of a box
prior to a new box, to close the box cleanly.

The end result is visually identical to John Carter and
Hubert's "TTM Bricks" indicator. I compared the transitions
to those in "Mastering the Trade" and they appear to match.
(Note that Figure 11.8 (@YM Daily) in that book does not
match the 2006 data for @YM for Fourth Quarter 2006. Odd...
}

inputs:
TrendWeight(2),
ShowPB(True),
UpColor(Cyan),
DnColor(Red);

vars:
TrendLeading(-1), TrendTrailing(-1), LastPb(-1),
LastHigh (0),LastLow(0),DrawColor(0),
AlertTime(0);

arrays:
LineH[2](0),
LineL[2](0),
color[2](0);

if BarNumber = 1 then
begin
 LastHigh = h;
 LastLow  = l;
end;
{--------------------------------------
handle first 3 lines separately
---------------------------------------}

If BarNumber = 4 then
begin
for value1 = 0 to 2
begin
  if c[value1+1]  > LastHigh then
  begin
    LineH[0] = c[value1+1];
    LineL[0] = LastHigh;
    color[0] = UpColor;
       LastLow  = LastHigh;
    LastHigh = c[value1+1];	 
  end else
  if c[value1+1] < LastLow then
  begin
    LineL[0] = l[value1+1];
    LineH[0] = LastLow;
    color[0] = DnColor;
    LastHigh = LastLow;
    LastLow  = c[value1+1];
  end;
   end;
end
else

{--------------------------------------
long side
---------------------------------------}

begin
{ see if close > high of last 3 lines }
if c > MaxList(LineH[0],LineH[1],LineH[2]) then
begin

 { see if last line was down color...if so then break }
  	if color[2] = DnColor then
	begin

	  	if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
		TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
		TL_SetSize( TrendLeading, TrendWeight );
		TL_SetColor( TrendLeading, UpColor );

		if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
		TrendTrailing = TL_New( Date, Time, LineH[2], Date, Time, LineH[2] );
		TL_SetSize( TrendTrailing, TrendWeight );
		TL_SetColor( TrendTrailing, UpColor );

		if AlertTime <> time then
		begin
			AlertTime = time;
  	  		alert("Brick Reversal Long Setup on " + GetSymbolName + ".");
		end;		
	end
	else
	begin

  		if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
		TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
		TL_SetSize( TrendLeading, TrendWeight );
		TL_SetColor( TrendLeading, UpColor );

		if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
		TrendTrailing = TL_New( Date, Time, LineH[2], Date, Time, LineH[2] );
		TL_SetSize( TrendTrailing, TrendWeight );
		TL_SetColor( TrendTrailing, UpColor );
	end;

    for value1 = 0 to 1
	begin
	  LineH[value1] = LineH[value1+1];
	  LineL[value1] = LineL[value1+1];
	  color[value1] = color[value1+1];
	end;{for value1}

	LineH[2]  = c;
	LineL[2]  = LastHigh;
	LastLow   = LastHigh;
	LastHigh  = c;
	color[2]  = UpColor;
	DrawColor = UpColor;

	LastPb = TL_New( Date, Time, LineH[1], Date, Time, LineL[1] );
	TL_SetSize( LastPb, 1 );
	TL_SetColor( LastPb, color[1] );

end
else
begin

{--------------------------------------
short side
---------------------------------------}

{ see if close < low of last 3 lines }
	if c < MinList(LineL[0],LineL[1],LineL[2]) then
	begin

  	  { see if last line was up color...if so then break }
	  	if color[2] = UpColor then
		begin

		  	if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
			TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
			TL_SetSize( TrendLeading, TrendWeight );
			TL_SetColor( TrendLeading, DnColor );

		  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
			TrendTrailing = TL_New( Date, Time, LineL[2], Date, Time, LineL[2] );
			TL_SetSize( TrendTrailing, TrendWeight );
			TL_SetColor( TrendTrailing, DnColor );

		 	if AlertTime <> time then
			begin
				AlertTime = time;
	  	  		alert( "Brick Reversal Short Setup on " + GetSymbolName + ".");
			end;				
		end
		else
		begin
	  		if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
			TrendLeading = TL_New( Date, Time, Close, Date, Time, Close );
			TL_SetSize( TrendLeading, TrendWeight );
			TL_SetColor( TrendLeading, DnColor );

		  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
			TrendTrailing = TL_New( Date, Time, LineL[2], Date, Time, LineL[2] );
			TL_SetSize( TrendTrailing, TrendWeight );
			TL_SetColor( TrendTrailing, DnColor );
		end;


	    for value1 = 0 to 1
	    begin
		  LineH[value1] = LineH[value1+1];
		  LineL[value1] = LineL[value1+1];
		  color[value1] = color[value1+1];
	    end;{for value1}

	    LineL[2]  = c;
	    LineH[2]  = LastLow;
	    LastHigh  = LastLow;
	    LastLow   = c;
	    color[2]  = DnColor;
	    DrawColor = DnColor;

		LastPb = TL_New( Date, Time, LineH[1], Date, Time, LineL[1] );
		TL_SetSize( LastPb, 1 );
		TL_SetColor( LastPb, color[1] );

	end
	else
	begin

		if ( DrawColor = UpColor )
		then
			begin
				if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineH[2] );
			  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineL[2] );
			end
		else
			begin
				if TL_Exist( TrendLeading ) then TL_SetEnd( TrendLeading, Date, Time, LineL[2] );
			  	if TL_Exist( TrendTrailing ) then TL_SetEnd( TrendTrailing, Date, Time, LineH[2] );
			end;

	end;
end;
end;

if ShowPB then
begin
Plot1(LineH[2], "LineHigh",DrawColor);
Plot2(LineL[2], "LineLow" ,DrawColor);
end;

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Hi traders !

 

I have a question about this indikator. i want to build it (let it build) in my chartsoftware.

I have to explain it to someone who should create this for me - thats the reason why i have to understand totaly.

 

What soultrader says at the beginning is :

 

It's a slightly modifed version of the heikin ashii indicator.

 

If the 5th bar of the last 5 bars closes above the 50% line of the previous 5 bar average, it stays the same color. If the 5th bar closes below the the 50% average it changes color.

 

 

Now my understanding of this :

 

At first the only thing the indikator is interessted in is the 50 %-average of the last 5 (or (n)) Bars

- that means you need only the highs + the lows of these (n) bars to calculate this 50%-average of the previous 5 bars.

 

without any Heikin Ashi-formular-stuff - is this right so far ?

 

Then you need the close of the "now"-bar

(to compare it at least with the 50%-average from above)

And this importend close is calculated with the heikin ashi-formular.

Is this right ?

 

And then you must compare it :

if this close is above the 50%-Average - the bar is blue

if this close is below the 50%-Average - the bar is red

 

 

Thank you for a short comment !

 

max-td

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Here's a copy of the code for you:

 

inputs:	CompBars(6), UpColor(Blue), DnColor(Red), BarWidth(1);

vars:	haClose(0), haOpen(0), color(0);

if BarNumber = 1 then
begin
haOpen = open;
haClose = (O+H+L+C)/4;
end;

if BarNumber > 1 then
begin
haClose = (O+H+L+C)/4; 
haOpen = (haOpen [1] + haClose [1])/2 ;

{ ................................................................................ }

if haClose > haOpen then color = UpColor
else color = DnColor;

for value1 = 1 to CompBars
begin
	if haOpen <= MaxList(haOpen[value1],haClose[value1]) and
 		haOpen >= MinList(haOpen[value1],haClose[value1]) and
		haClose <= MaxList(haOpen[value1],haClose[value1]) and
		haClose >= MinList(haOpen[value1],haClose[value1]) then
			color = color[value1];		
end;


{ ................................................................................ }


//	plotPB(haOpen,haClose,"heikin-ashi",color);
plotPB(High,Low,"heikin-ashi",color);
SetPlotWidth(1,BarWidth);
SetPlotColor(1,color);

end;
{ ................................................................................ }

 

Hope this helps

 

Blu-Ray

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ThanX Blu-Ray,

i saw that code yet but i am not able to read or code anything at all.

i am just trader ;-)

I must understand the indicator / his function.

Thats why i tried do this "in words" !

And i need a correction or confirmation for this - in words ;)

 

Greets max-td

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I downloaded the indicators (ttm trend, haiken asihi, scalper buy and sells) but seem to get a formula error message every time I try to load it onto my e-signal chart. Does any one know how I can get it to load correctly?

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    • Date : 31st March 2020. Dead cat Bounce!Dead cat Bounce! A new term? Not really but definitely something that we haven’t seen for more than a generation.In general, investors throughout the years invented this term as a follow up to a market free fall. By definition, the “Dead cat Bounce” is simply a market phenomenon that translates into temporary small and short-lived rebounds of an asset’s price within a prolonged period of downside. This term is based on the idiom that “even a dead cat will bounce if it falls far enough and fast enough“. Hence in the financial market it is said that even if an asset falls with a considerable speed, it would rebound as even a dead cat would bounce. However, every time there is a rebound, the overall initial trend is then anticipated to resume, bringing the bearish influence back into play.In addition, the phenomenon can occur in any market, yet is particularly prevalent in equity markets. It is often the case that it is considered a continuation pattern.Why are we raising this topic now? This March, was the first time after Black Monday 1987 that we have seen the worst intraday selloffs in stock markets. Since February 20th, the stock market entered an aggressive bear market with a few days of an absolute rally. An example was the 13th of March in which the stock market roared back in the biggest one-day rally since 2008 after its worst single-day crash in 33 years just a day before. This is the classic dead cat bounce.If you closely observe stock market behaviour in March you will notice that there is a dramatic decline, with a number of days when the market reversed some of its losses, but failed to take the bait, and eventually fell back down again. This is a situation of portfolio managers wanting to sell some of their positions and when they see some strength in the market, decided to unload. This is what we call a “dead cat bounce” after it falls from high enough. Remember however that not every correction/reversal can be interpreted as a dead cat bounce.Theoretically this term is defined as the term in which,   A stock in a severe steep decline has a sharp bounce off the lows. A small upward price movement in a bear market after which the market continues to fall. Unfortunately, I need to highlight that there is not an easy way to determine in advance whether an upwards movement is a dead cat bounce which will eventually reverse quickly or whether it is a trend reversal. There is nothing easy in identifying the bottom of the market. However to a large extent a dead cat bounce is a retracement, in comparison to a reversal, i.e. it is temporary.Dead cat bounce as a technical analysis tool and more precisely as a continuation pattern could be tradable from short-term or medium term traders. Having explained this phenomenon, a follow-up article will elaborate on how market participants can trade a dead cat bounce.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 HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex 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 FX and CFDs 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.
    • Date : 30th March 2020. MACRO EVENTS & NEWS OF 30th March 2020.All major countries across the world are effectively locked down now as virus developments remain in focus, with ever bigger aid packages. The data this week especially from the US were highly infected by the pandemic. Hence, as disruptions from COVID-19 have begun to catch up to the soft data measures, the impact will likely be greater in the late-month measures of sentiment. Recession fears could be further escalated if we see any effect in the March US jobs.Monday – 30 March 2020 Harmonized Index of Consumer Prices (EUR, GMT 12:00) – The German HICP preliminary inflation for March is anticipated to decline at 1.4% y/y from 1.7% y/y. Pending Home Sales (USD, GMT 14:00) – Pending home sales rebounded in January to 5.2% m/m, however, for February we could see a big -0.3% pull-back. Tuesday – 31 March 2020 Manufacturing PMI (CNY, GMT 01:00) – The NBS Manufacturing PMI is expected to massively decline to 4.4 in March from 35.7, as a subsequence of the shut down after the lunar new year holiday. Gross Domestic Product (GBP, GMT 06:00) – GDP is the economy’s most important figure. Q4’s GDP is expected to be unchanged at 0% q/q and 1.1% y/y. Unemployment data (EUR, GMT 07:55) – The German unemployment rate in March is expected to have increased to 5.1% from 5.0%, while unemployment change is expected to have peaked to 30K from February’s drop to -10K. Consumer Price Index (EUR, GMT 09:00) –HCPI inflation dropped back to 1.2% y/y in February from 1.4% y/y in the previous month, while core inflation actually moved up to 1.2% y/y from 1.1% y/y in January. This month’s core is expected unchanged, while HICP is anticipated lower at 0.8% y/y/. Gross Domestic Product (CAD, GMT 12:30) – Canada GDP results for January are seen to be slowing down, at a monthly rate of 0.2% compared to 0.3% last month. CB Consumer Confidence (USD, GMT 14:00) – The Conference Board Index is expected to have decreased to 121.0, compared to 130.7 in the previous month. Wednesday – 01 April 2020   Caixin Manufacturing PMI (CNY, GMT 01:45) – The Caixin manufacturing PMI is expected to spike to 46.5 from 40.3 in February. ADP Non-Farm Employment Change (USD, GMT 12:15) – The ADP Employment survey is seen at 216k for March compared to the 183K in February. ISM Manufacturing PMI (USD, GMT 14:00) – The ISM index is expected to fall to 43.0 in March from 50.1 in February, compared to a 14-year high of 60.8 in August of 2018. EIA Crude Oil Stocks Change (USOIL, GMT 14:30) Thursday – 02 April 2020   Trade balance (USD, GMT 12:30) – The US trade deficit narrowed -6.7% to -$45.3 bln in January following the 11.0% December jump to -$48.6 bln. February’s one is expected to widen further. Friday – 03 April 2020   Retail Sales (AUD, GMT 00:30) – February’s Retail sales could be improved by 0.4%, following a 0.3% January loss. Event of the Week – Non-Farm Payrolls (USD, GMT 12:30) – A -100k March nonfarm payroll drop is anticipated, following 273k increases in both February and January. This is based on assumptions such as the -20k factory jobs drop in March, and a 47k boost from assumed Census hiring as this temporary job count starts to climb more rapidly. The jobless rate should rise to 3.8% from 3.5%, as COVID-19 disruptions start to take their toll. ISM Non-Manufacturing PMI (USD, GMT 14:00) – The ISM-NMI index is expected to fall to 49.0 from 57.3 in February, versus a recent low of 53.5 in September of 2019 and a 13-year high of 61.2 in September of 2018. The “soft data” measures are finally starting to show a hit from coronavirus disruptions and the emerging OPEC price war, and these hits should be bigger for the late-March reports than the early-March reports. Always trade with strict risk management. Your capital is the single most important aspect of your trading business.Click HERE to access the full HotForex Economic calendar.Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding on how markets work. Click HERE to register for FREE!Click HERE to READ more Market news. Andria Pichidi Market Analyst HotForex 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 FX and CFDs 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.
    • Corona virus is every where, lets hope it passes on and everyone should soon resume to daily routine life. So far the trading is ok since it can be done while sitting at home, what about others remarks do share here..!
    • there is not time line to success, some would take months, others years, at most its a constant continues process of struggle, I have been trading a hotforex account for 8 years now, and i dont think im close to what people call successful, but im happy with what little i make.  
    • forex trading is no joke, its  amoney hole for those who dont know what they are doing. its like a "now u see me now u dont" with money, it takes time to understand and study, it takes years to come up with a working strategy, and tons and tons of patience. some people are better off treating it as a hobbie or a past time really. though ive been in it for a decade now.
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