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Old 01-16-2008, 12:46 AM
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Pip Power Indicator?

Hi fxbs,

those indi are nice, but not exactly what I was hoping for..

Do you think its possible to measure the movement of the pips as stated above? In a numeric display like average daily range?

For example:
1st candle moved market price down 7 pips,
next candle down 12 pips,
next candle down 5 pips,
next candle up 20 pips

that would make total (Pip Power) movement be 44 pips over four candles.
So you would add all movement together, negative or positive , in a total movement index.

I hope that explanation is clear
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