The weekly RM for the EurJpy has been lower three weeks in a row should see some good RM this week.
The blue line is the (RM) range of motion based on each weeks high and low for all the weeks of the year. The pink line is the (WAR) weekly average range. The (WAR) changes from week to week because it is the average of all the previous weeks to date. For instance week 4 (WAR) is based on adding the total number of pips a currency has range for the 4 weeks and dividing it by the four weeks. For instance say the (RM) for week 1 is 200 week 2 is 250 week 3 175 week 4 is 225. You would add 200+250+177+225=852 pips / by 4 weeks equal an (WAR) for the first 4 weeks of 212. This is how each weeks(WAR) is calculated.
The blue line is the (RM) range of motion based on each weeks high and low for all the weeks of the year. The pink line is the (WAR) weekly average range. The (WAR) changes from week to week because it is the average of all the previous weeks to date. For instance week 4 (WAR) is based on adding the total number of pips a currency has range for the 4 weeks and dividing it by the four weeks. For instance say the (RM) for week 1 is 200 week 2 is 250 week 3 175 week 4 is 225. You would add 200+250+177+225=852 pips / by 4 weeks equal an (WAR) for the first 4 weeks of 212. This is how each weeks(WAR) is calculated.