GBPIndexGBP Index based on a basket of the following currencies
EURGBP, 49%
GBPUSD, 18%
GBPJPY, 3.4%
GBPCNH, 9.0%
GBPCHF, 3.2%
GBPCAD, 1.4%
GBPAUD, 1.4%
Use this index with a moving average to determine when to go long or short on GBP pairs, except for EURGBP. If index above Moving Average you have the green light to open Long positions. If below Moving Average you have green light to open Short positions.
For EURGBP you would open Long if index is below moving average and open Short when index is above moving average
GBPAUD
JPY GBP ROCsRate 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.
