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want to create chart of DAX in USD


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want to create chart of DAX in USD

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  #1 (permalink)
Cape Town, South Africa
 
Experience: Beginner
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Trading: EUR/USD
 
Posts: 41 since Aug 2009
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Hi

The DAX futures trades in Euros - see Eurex Exchange - DAX® Futures

I would like to create a chart in NT of the DAX in USD - in concept this would mean : {value of DAX ftures in Euro} X {EURUSD exchange rate}. For example 9800 X 1.0902 = 10 683,96

What is the best way to do this. Your help will be greatly appreciated

Regards

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  #3 (permalink)
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Just use one of the spread indicators
you can find it on big mike





you might be able to find a few more

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  #4 (permalink)
Cape Town, South Africa
 
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I had a look at the indicators linked to in the above post - spread6 and dfspread - my understanding is that:

Spread6 performs a summation (+) of the instruments (you can make it subtract through the multiplier)
dfSpread calculates the difference (-) (subtraction)

I need an indicator that creates a synthetic instrument through multiplication - I have a theory about trading the DAX (it would apply to any instrument not quoted in USD) - but need to take the effect of the EURUSD in to account. I therefore want to plot an instrument that is quoted in Euro in USD by multiplication - take the FDAX an an example - it is trading at 10680 as I type this - the EURUSD is at 1.0897. The FDAX in USD is therefore 10680 X 1.0897 = 11613 I am looking for an indicator that does multiplication not summation or subtraction.

Any help would really be appreciated because I have looked far and wide - and high and low

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verge View Post
Hi

The DAX futures trades in Euros - see Eurex Exchange - DAX® Futures

I would like to create a chart in NT of the DAX in USD - in concept this would mean : {value of DAX ftures in Euro} X {EURUSD exchange rate}. For example 9800 X 1.0902 = 10 683,96

Hi verge

Out of curiosity, why would you want to do that?

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  #6 (permalink)
Cape Town, South Africa
 
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xplorer View Post
Hi verge

Out of curiosity, why would you want to do that?

I believe that markets are linked. There has been numerous discussions about the supposed correlation between oil and the equity markets. I think all markets are linked in some way - and not all of them are quoted in USD. But they are still linked through the currencies. So you need to convert something that is not quoted in USD to USD - which is what I am trying to do

Cheers

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verge View Post
I believe that markets are linked. There has been numerous discussions about the supposed correlation between oil and the equity markets. I think all markets are linked in some way - and not all of them are quoted in USD. But they are still linked through the currencies. So you need to convert something that is not quoted in USD to USD - which is what I am trying to do

Cheers

Certain markets are definitely correlated.

That doesn't answer why you need to convert something in USD though. What is the benefit?

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  #8 (permalink)
Cape Town, South Africa
 
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Broker: Zen-fire
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Posts: 41 since Aug 2009
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xplorer View Post
Certain markets are definitely correlated.

That doesn't answer why you need to convert something in USD though. What is the benefit?

Hmm. I think I have explained it as good as I can. I will try one last time. We agree that certain markets are correlated. It is easy to determine the correlation between markets that trade in the same currency - the S&P and Crude for example. If you want to determine the correlation between two markets that trade in different currencies you have to convert them to the same currency first before you look at the correlation. The benefit therefore it to be able to determine the correlation.

I would still appreciate help from anyone that knows how to multiply two securities. I want to multiply the DAX with the EURUSD.

Regards

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