I've been using a great little indicator that compares recent changes in a pair with other pairs that have the same currencies to help determine which currencies are driving the pairs. I'd like to incorporate this into an EA, but it's proprietary and not available on MetaTrader, so I was wondering what would work well instead?
Basically, I need the indicator to say something like, "Hey, the EUR/USD is going up, the GBP/USD is going up, the USD/CHF is going down, and the USD/CAD is going down." From this, I would guess that the USD is driving the market. I think it would be easy to work with values between -1 and 1, or a percent.
Hopefully this is enough information for someone to suggest something
-Mango
Basically, I need the indicator to say something like, "Hey, the EUR/USD is going up, the GBP/USD is going up, the USD/CHF is going down, and the USD/CAD is going down." From this, I would guess that the USD is driving the market. I think it would be easy to work with values between -1 and 1, or a percent.
Hopefully this is enough information for someone to suggest something
-Mango