The Better Rotation Indicator uses 8 major ETFs to track Global Macro trends.
This indicator helps visualize the rotations from one Global Macro asset class to another – from unloved and over-sold to hot and being chased by the herd. Right now (4Q 2016) we’ve got a rotation taking place as Government Bonds get overtaken by Commodities. A sea change that could last quite a while.
“This is fascinating. Thank you for sharing with us.” Elie S.
There’s also a second version of the indicator code for tracking nine major Forex pairs. Another way of seeing where the money is flowing around the world. Remember, there are some major currencies that are pegged – Chinese Yuan, Hong Kong Dollar, Singapore Dollar, and Saudi Riyal – so including them in the analysis adds little value.
These instructions are for TradeStation and the ‘Better Rotation Asset Class’ version of the indicator. Start with a new Workspace:
The steps for adding the ‘Better Rotation Forex’ version of the indicator are almost the same. Just add the following symbols (hidden) to a new chart:
Then add the Forex version of the indicator. Please note there is no ‘Normalise’ input with the Forex version of the indicator. Instead the bold white line calculates the average of the nine Forex symbols and shows what they are doing (on average) against the US Dollar.
I hope this video on Global Macro asset class rotation will be helpful to you. Download the Better Rotation Indicator (unlocked code) for TradeStation, NinjaTrader 8, and MultiCharts by visiting Emini Watch.
— by Barry Taylor from blog Emini-watch
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