forexpirate

JPY GBP ROCs

Rate of change of most volatile JPY and GBP pairs. All pairs ending in JPY are red except GBPJPY             (colored yellow --currently most volatile 7/2016). GBPNZD             is blue, the other GBP pairs are green, lime and teal. GBPJPY             and GBPNZD             are my favorite day trading / swing trading pairs. This script allows me to see the action of the most volatile and liquid pairs on one screen. JPY pairs (ex-GBPJPY) are all red so that I see the flow of JPY not so much each pair and its name. Global movement of JPY is what I am after. Same for the coloring of GBP pairs as green expect GBPNZD             as blue. ***** EURGBP             is plotted as an opposite (with a negative in front of its sma . EURGBP             is extremely correlated to GBPNZD             , I decided to plot it also.
Remove from Favorite Scripts Add to Favorite Scripts
//@version=2
study(title="JPY GBP ROCs", shorttitle="JPY GBP ROCs")

l=input(defval=34)
s = input(title="Smoother length", type=integer,defval=12, minval=1)

p0 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpaud")
p1 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpnzd")
p2 = input(title="Other data series", type=symbol,defval="FX_IDC:gbptry")
p3 = input(title="Other data series", type=symbol,defval="FX_IDC:eurgbp")
p4 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpcad")
p5 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpchf") 
p6 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpjpy")
p7 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpsgd")
p8 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpusd")
p9 = input(title="Other data series", type=symbol,defval="FX_IDC:chfjpy")
p10 = input(title="Other data series", type=symbol,defval="FX_IDC:eurjpy")
p11 = input(title="Other data series", type=symbol,defval="FX_IDC:gbpnok")
p12 = input(title="Other data series", type=symbol,defval="FX_IDC:nzdjpy")
p13 = input(title="Other data series", type=symbol,defval="FX_IDC:audjpy")
p14 = input(title="Other data series", type=symbol,defval="FX_IDC:eurjpy")
p15 = input(title="Other data series", type=symbol,defval="FX_IDC:usdjpy")
p16 = input(title="Other data series", type=symbol,defval="FX_IDC:chfjpy")
s0= security(p0, period, close)
s1= security(p1, period, close)
s2= security(p2, period, close)
s3= security(p3, period, close)
s4= security(p4, period, close)
s5= security(p5, period, close)
s6= security(p6, period, close)
s7= security(p7, period, close)
s8= security(p8, period, close)
s9= security(p9, period, close)
s10= security(p10, period, close)
s11= security(p11, period, close)
s12= security(p12, period, close)
s13= security(p13, period, close)
s14= security(p14, period, close)
s15= security(p15, period, close)
s16= security(p16, period, close)
corr0 = correlation(close, s0, l)
corr1 = correlation(close, s1, l)
corr2 = correlation(close, s2, l)
corr3 = correlation(close, s3, l)
corr4 = correlation(close, s4, l)
corr5 = correlation(close, s5, l)
corr6 = correlation(close, s6, l)
corr7 = correlation(close, s7, l)
corr8 = correlation(close, s8, l)
corr9 = correlation(close, s9, l)
corr10 = correlation(close, s10, l)
corr11 = correlation(close, s11, l)
corr12 = correlation(close, s12, l)
corr13 = correlation(close, s13, l)
corr14 = correlation(close, s14, l)
corr15 = correlation(close, s15, l)
corr16 = correlation(close, s16, l)
r0 = roc(s0,l)
r1 = roc(s1,l)
r2 = roc(s2,l)
r3 = roc(s3,l)
r4 = roc(s4,l)
r5 = roc(s5,l)
r6 = roc(s6,l)
r7 = roc(s7,l)
r8 = roc(s8,l)
r9 = roc(s9,l)
r10 = roc(s10,l)
r11 = roc(s11,l)
r12 = roc(s12,l)
r13 = roc(s13,l)
r14 = roc(s14,l)
r15 = roc(s15,l)
r16 = roc(s16,l)

plot(sma(r7,s),color=lime,transp=0,title="GS",editable=true)
plot(sma(r0,s),color=green,transp=0,title="GA",editable=true)
plot(sma(r15,s),color=red,transp=0,title="UJ",editable=true)
plot(sma(r13,s),color=red,transp=0,title="AJ",editable=true)
plot(sma(r14,s),color=red,transp=0,title="EJ",editable=true)
plot(-sma(r3,s),color=aqua,transp=0,title="-EG",editable=true)
plot(sma(r1,s),color=blue,transp=0,title="GN",editable=true)
plot(sma(r6,s),color=yellow,transp=0,title="GJ",editable=true,linewidth=2)
plot(sma(r16,s),color=red,transp=0,title="CJ",editable=true)
plot(sma(r12,s),color=red,transp=0,title="NJ",editable=true)
hline(0,color=silver,linewidth=1,editable=true)
Do you prefer this one to your Combined Slopes?
Reply
When I am doing day trading on 1-2min chart in the London-NY session I find this indicator better as it shows the ROCs individually. The one I actually use is this one but with only three or four ROCs on. GBPJPY GBPNZD and -EURGBP. The first two are the most volatile and I get in and out (hour or two) with 50-80 pips. For longer swing trading I use the combined slope on 15min chart. ** When day trading those high volatile ones I have been MOST successful trading in the direction of the larger HR and D chart trend and keeping an eye out for economic releases, they can turn your trade upside down. GBP has been dropping nicely for months which gives good odds of short positions.
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out