Power oscillator to discern what currency's are stronger/weaker.
The Power Law Correlation Indicator is an attempt to chart when a stock/currency/futures contract goes parabolic forming a upward or downward curve that accelerates according to power laws. I've read about power laws from Sornette Diedler ( www.marketcalls.in ). And I think the theory is a good one. The idea behind this indicator is that it will rise to 1.0...
EXPERIMENTAL: Dollar version.
EXPERIMENTAL: Added Smoother avg for a better visualization of the trending strength.