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Power of JPY indicator shows actual strength of currency JPY calculated of 7 pairs that contain JPY. Indicator can be used for strategies based on mean reversion and/or correlation. Included pairs: USD JPY, EUR JPY, GBP JPY, AUD JPY, CAD JPY, NZD JPY, CHF JPY.
When applied to financial markets this method is usually used to determine the moments of prices extreme deviation from the "standard" level.
System concept: The Donchian Channels are quite popular among the trend following systems.
Aggressiveness - the rate of price change. Volatility - the size of the channel
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