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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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    • You should never give in to the rumors as it could lead you to bankruptcy if it isn't true.
    • Yeah, and you should never stop learning. If you wish to survive in the Forex Market, the only way to do it is by learning all the time.
    • Date : 1st December 2021. Market Update – December 1 – Taper gets a boost & Transitory gets “retired”. Powell “retires” Transitory in light of Omicron & surprisingly suggests faster taper – Stocks tank, Dollar& Yields rise on faster tightening expectations.   USD (USDIndex 95.90) back down from leap to 96.60 on Powell testimony. Saw fresh wave of risk aversion as Treasuries sold off, yields spiked (particularly the 2yr) , Stocks fell significantly with USA100 down over -2.4% (APPL bucked the trend +3.16%) USA500 -1.90% (-88pts) 4567 & USA30 off 652 pts or -1.86%. Consumer confidence saw a slump in the headline, and a rise to a 13-year high in the inflation component. The Chicago PMI fell to 61.8. Home prices increased to fresh record peaks. US Yields 10-year rates were down over 7 bps to 1.41% before closing at 1.443% before recovring to 1.468% now. Asian Markets – Equities – Topix and Nikkei are currently up 0.4%, the Hang Seng bounced 1.1% and the CSI 300 is up 0.1%. The ASX, which outperformed yesterday, dropped back -0.3%. Data over night – Japan’s manufacturing PMI came in stronger than expected and while China’s private PMI reading signalled stagnation at 49.9, that was compensated somewhat by the stronger than expected official manufacturing PMI released yesterday. AUD GDP was not as bad as expected -1.9% vs -2.7% & 0.7% last time. USOil – continues under pressure, down to $64.08 (14-week lows) yesterday – recovered to test $68.00 today – expectations continue to grow that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January at their meeting tomorrow. Gold finally some intra-day volatility – Powell surprise spiked to $1808 – before testing $1770 with a couple of hours, back to $1788 now. FX markets – Yen rallied USDJPY dipped to 112.50, back to 113.40 now, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – December 10-yr Bund future down -11 ticks at 172.26, slightly outperforming versus Treasury futures. Central bankers may be getting more nervous about inflation outlook, but Omicron clearly is clouding over growth outlook & in Europe at least that will boost the arguments of the cautious camp at the central banks. US yields remain firmly below the levels seen before the new virus variant hit the headlines & sentiment is likely to remain jittery, even if stocks are set to back up from yesterday’s lows, with DAX & FTSE 100 future posting gains of 0.9% and 0.7% respectively & a 1.4% jump in the NASDAQ leading US futures higher. Data releases today kicked off with a big miss for German Retail sales (-0.3% vs 1.0%), higher UK house prices & firmer CPI from CHF. Today – PMIs (EZ & UK),US Markit Final Manufacturing PMIs, US ADP and ISM Manufacturing PMI, JTC and OPEC meetings, BoE’s Bailey and Fed’s Powell & Yellen testify. Biggest FX Mover @ (07:30 GMT) NZDJPY (+0.60%) Risk-sensitive currencies remain volatile, from a slide to 76.65 yesterday, today a rally to 77.80. Currently MAs aligned higher, MACD signal line & histogram over 0 and rising, RSI dipping from 70.00 at 58, Stochastic remain OB. H1 ATR 0.172, Daily 0.84. 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. Stuart Cowell Head 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 November 2021. Market Update – November 30– Stocks at ups & downs. Omicron remains in focus and warnings that it will leave current vaccines far less effective and that it will take time to modify and produce new ones has seen markets adjusting growth forecasts and central bank projections.   USD (USDIndex 96.00 up from 95.92 low) saw a fresh wave of risk aversion as Treasuries sold off, but cautiously with only a modest back up in yields, & Stocks bounced significantly with the USA100 jumping over 2% intraday with IT a big winner. It closed with a 1.88% gain, with the USA500 1.3% firmer, and the USA30 up 0.68%. Wall Street stocks closed higher as investors were hopeful that the Omicron coronavirus variant would not lead to lockdowns after reassurance from US President Joe Biden. Moderna’s CEO told the FT that existing vaccines will be less effective and that it may take months before modified vaccines are available at scale. #Moderna +12.73% yesterday. US Yields 10- and 30-year rates were up just over 3 bps to 1.51% and 1.859%, respectively, with the 2-year 1bps higher at 0.508% The 10-year is currently corrected -3.9 bp to 1.46%, but it is still in negative territory, at -1.05% on Tuesday, keeping gold’s opportunity cost low. Equities – Topix and Nikkei are down -1.0% and -1.6% respectively, Hang Seng lost -2.3%, the CSI 300 -0.6%, while the ASX outperformed with a modest gain of 0.2%. USOil – down by 2%, drifted to $66.73 – after FT cast doubt on the efficacy of COVID-19 vaccines against the Omicron – expectations are growing that OPEC+, will put on hold plans to add 400,000 barrels per day (bpd) of supply in January. Gold spiked to $1795 – World Health Organization said on Monday carried a very high risk of infection surges. #TWTR was UP 12% pre-market on news Dorsey was leaving as CEO – it closed DOWN 2.74%. The USA100 rose+1.88%. FX markets – Yen rallied (a new flight to safety), Aussie and kiwi slide. USDJPY at 112.94, EURUSD now 1.1326 & Cable steadied to 1.3300-1.3330. European Open – The December 10-year Bund future is up 46 ticks, Treasury futures are outperforming and in cash markets the US 10-year rate has corrected -3.9 bp to 1.46% amid a fresh wave of risk aversion. DAX and FTSE 100 futures are down -1.5% and -1.1% respectively, while a -1.1% drop in the Dow Jones is leading US futures lower. In FX markets both EUR and GBP gained against the Dollar. EGB yields had moved higher against the background of improving risk appetite and a jump in German inflation yesterday, but while Eurozone HICP today is likely to exceed forecasts, central bankers have already been out in force to play down the importance of the number for the central bank outlook and rate expectations. Virus developments will also help to take the sting out of the number. Today – German labour market data, EU Inflation, Canadian GDP and US Consumer confidence are due today. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen are due to testify before the US Senate Banking Committee at 15:00 GMT. Biggest FX Mover @ (07:30 GMT) AUDJPY (-0.68%) Risk-sensitive currencies slid and safe havens gained. AUDJPY dropped to 80 lows (S2). Currently MAs point rightwards, MACD signal line & histogram below 0, RSI rising above 30 but Stochastic OS. Hence a mixed picture intraday. 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 : 29th November 2021. Market Update – November 29 – Omicron dominates sentiment. USD (USDIndex 96.30) recovers from Fridays slump (95.98), Stocks lost over –2.2% in thin half-day trading, Oil FUTS lost –13%, Gold slumped and Yields tanked (10-yr 1.482%) on a safe haven (JPY & CHF bid) risk off day. (and a strange carry trade bid for EUR). Weekend news, as Countries block flights and tighten restricts, but first Omicron cases in SA appear mild and hospitalizations have not spiked, has seen a bounce in sentiment and Asian markets. Pfizer suggested it would take 100 days to adapt new vaccine, if required. US Yields 10yr trades up 5.1 bp at 1.52%, after Friday’s slump. Equities – tanked in thin and short day on Friday USA500 -106.84 (-2.27%) at 45941 – USA500.F trades higher at 4639. USOil – collapsed to $67.08 – now up nearly $4 at $71.00. OPEC+ have delayed this weeks meeting by 2 days & likely to delay planned January production increases. Gold spiked under $1780, has bounced to $1795 but struggles to recoup $1800   FX markets – EURUSD now 1.1270, after a +125pip rally on Friday, USDJPY now 113.36, from 115.50 to 113.00 on Friday & Cable back to 1.3325. Overnight – JPY Retail Sales recover but miss expectations (0.9% vs 1.2% & -0.5% last time). European Open – The December 10-year Bund future is down -27 ticks, US futures are also in the red & the US 10-year rate is up 5.1 bp at 1.52%. Stock markets remained under pressure during the Asian part of the session, but DAX and FTSE 100 futures are up 1.2% and 1.3% respectively and a 1.2% rise in the NASDAQ is leading US futures higher. A part reversal of Friday’s flows then as virus developments remain in focus. Travel restrictions are making a come back and the services sector in particular is facing fresh pain, but as Lagarde suggested over the weekend, the impact of Omicron is unlikely to throw economies back to the situation at the start of the pandemic, meaning the overall situation has not really changed. We continue to see the ECB on course to end PEPP purchases on time in March next year, although developments will add to the arguments of those who want to keep the flexibility on the distribution of asset purchases at least for future emergencies. The BoE meanwhile may be postponing the planned rate hike into next year. Today – German regional and national CPIs, Eurozone Consumer Confidence (final), US Pending Home Sales, ECB’s de Guindos, Schnabel, Lagarde, Fed’s Williams, Powell. Biggest FX Mover @ (07:30 GMT) CADCHF (1.00%) The risk-off collapse on Friday 0.7400-0.7200 has recovered to 0.7280. MAs aligned higher, MACD signal line & histogram rising but still below 0 line, RSI 53.80 & rising H1 ATR 0.0018, Daily ATR 0.0062. 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. Stuart Cowell Head 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.
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