Hi guys,
I have been watching the gbp/yen on the 1 minute chart and noticed sudden moves literally explode. So was just wondering if there is an indicator which could be designed to find these potential trades.
For example, in a 1 minute bar the price may move up and down 3, 4 pips for 58 seconds then suddenly down 10 pips in 2 seconds. So the indicator would look for the largest move in the shortest time. See attached example.
This is only an example but only testing of this would reveal if it had any potential to trade moves as they are literally starting.
The testing may reveal that when a bar has moved 15 pips in 5 seconds
it has an 80% chance of going a further 15 pips etc etc.
Anyway l hope someone may find this interesting enough to participate.
Thanks J
I have been watching the gbp/yen on the 1 minute chart and noticed sudden moves literally explode. So was just wondering if there is an indicator which could be designed to find these potential trades.
For example, in a 1 minute bar the price may move up and down 3, 4 pips for 58 seconds then suddenly down 10 pips in 2 seconds. So the indicator would look for the largest move in the shortest time. See attached example.
This is only an example but only testing of this would reveal if it had any potential to trade moves as they are literally starting.
The testing may reveal that when a bar has moved 15 pips in 5 seconds
it has an 80% chance of going a further 15 pips etc etc.
Anyway l hope someone may find this interesting enough to participate.
Thanks J
Attached Image