a tool to check euro correlation and directional bias.
//@version=2 study(title='[RS]Power Correlation Oscillator (EURO) V0', shorttitle='PCO', overlay=false) s00 = security('EURUSD', period, close>close[1]) s01 = security('EURGBP', period, close>close[1]) s02 = security('EURCHF', period, close>close[1]) s03 = security('EURAUD', period, close>close[1]) s04 = security('EURNZD', period, close>close[1]) s05 = security('EURJPY', period, close>close[1]) s06 = security('EURTRY', period, close>close[1]) s07 = security('EURNOK', period, close>close[1]) s08 = security('EURCAD', period, close>close[1]) s09 = security('EURSEK', period, close>close[1]) power = s00 + s01 + s02 + s03 + s04 + s05 + s06 + s07 + s08 + s09 avg_power = ema(power, input(21)) hline(0, color=gray) hline(5, color=gray) hline(10, color=gray) plot(title='Power', series=power, style=columns, color=power>=5?lime:red, transp=75, histbase=5) plot(title='Average', series=avg_power, color=black)