Is there an indicator that measures how much a pair moves intra-day and averages it out over a period of days? Very similar to Average Daily Range, except I want the average daily movement (up and down movement within the daily range).
This would be very useful if it is available.
Example; 40 pip move up, 30 down, 40 up, 20 down, 30 up = 160 pips.
Then an average over different periods (1 day, 5 day, 10 day, 20 day, ect.)
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This would be very useful if it is available.
Example; 40 pip move up, 30 down, 40 up, 20 down, 30 up = 160 pips.
Then an average over different periods (1 day, 5 day, 10 day, 20 day, ect.)
..
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