% Change

A common interest of traders is to monitor abnormal % changes in prices on different time frames and act according to their preferences. However, it would be interesting if traders had a tool to examine different studies, such as what was happening in the past to an instrument next day after 1% daily change? This is where FXT Navigator™ % Change is helpful. 

It displays the price’s % change at a checkpoint after a certain % change occurs in a bar. 

A %Change’s case study 

We examine what happens to the major FX instruments 3 weeks after a more than 1% gain occurred within a week.

Once again here, the historical analytics are very encouraging as we can see at the following table. 

Overall, analyzing the above historical data since 2010.01.01, we see that a more than 1% within a week gain resulted in a bearish % change in most of prices’ instruments on average (Mean) after 3 weeks.  

Specifically at the EURUSD pair, we see that the study contains 2682 bars. Since 2010.01.01, a more than 1% gain within a week has occured 115 times. According to the statistics, we see that the last streak resulted in a positive -1.58% change. By looking at the mean % change and median % change, we see that both were bearish (-0.19% and -0.13% respectively).  

By clicking on the EURUSD symbol, we can get the graph with the study’s results as below (only available in MT5).