This is a trading item or a component that was created using QuantShare by one of our members.
This item can be downloaded and used by QuantShare Trading Software.
Trading items are of different types. There are data downloaders, trading indicators, trading systems, watchlists, composites/indices...
You can use this item and hundreds of others for free by downloading QuantShare.
Top Reasons Why You Should Use QuantShare:
Works with US and international markets (stock, forex, options, futures, ETF...)
Offers you the tools that will help you become a profitable trader
Allows you to implement any trading ideas
Exchange items and ideas with other QuantShare users
Our support team is very responsive and will answer any of your questions
We will implement any features you suggest
Very low price and much more features than the majority of other trading software
Using the example provided here Forex Trading Indicator - Better than expected Economic Calendar Events. This indicator will return a value equal to 33% on April 2, 2010 because on that date, two events had no forecast value ("Average Hourly Earnings (YoY)" and "Average weekly Hours").
This Forex trading indicator requires the following economic calendar downloader: Currency Pairs Calendar Data. It provides economic releases history with several fields such as the economic impact of the release, the actual value, the expected value, the previous value and the country that is releasing the event.
Usually, an economic release is considered to be better than expected when its actual value is higher than the forecast value. However, for some economic events, the indicator considers that an economic release is better than expected when the actual value is lower than the forecast value.
These events are: Unemployment Rate: A lower value is better Initial Jobless Claims
Claimant Count Change: A measure of the change in the number of unemployed people in the UK.
This Forex indicator can be used to create trading rules, trading systems, strategies and neural network prediction models.
The indicator name is "PerBetterExpectedEventsNoNaN".
>>>> More trading objects? click here to search for trading sytems, downloaders, screens, custom drawing tools, indicators... by country, market or style.
