OPEN-SOURCE SCRIPT
5-Day APM for Forex Pairs
This script calculates the 5-Day Average Pip Movement (APM) for major Forex pairs.
It displays the average daily range (in pips) over the past 5 trading days using true high-low price movement.
The script is optimized for clarity and minimalism — showing a single floating label on the main chart for pairs like GBPUSD, USDJPY, EURUSD, etc.
Automatically adjusts pip calculation for JPY pairs (×100) and other pairs (×10000).
✅ Great for identifying high-volatility vs low-volatility conditions
✅ Clean design with no clutter
✅ Only works on major FX pairs (whitelisted)
It displays the average daily range (in pips) over the past 5 trading days using true high-low price movement.
The script is optimized for clarity and minimalism — showing a single floating label on the main chart for pairs like GBPUSD, USDJPY, EURUSD, etc.
Automatically adjusts pip calculation for JPY pairs (×100) and other pairs (×10000).
✅ Great for identifying high-volatility vs low-volatility conditions
✅ Clean design with no clutter
✅ Only works on major FX pairs (whitelisted)
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.