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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.
The script helps to perform the visual analysis of multiple currency pairs on a custom time frame.
System concept: The Donchian Channels are quite popular among the trend following systems.
The analysis of history data for the absence of bars, identifies their size, length and gap.
Aggressiveness - the rate of price change. Volatility - the size of the channel
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