Francesc Riverola,
Hi everyone
I’m very proud to announce here today that FXstreet.com Economic Calendar has just launched a new brand feature that I hope will quickly gain the interest of the Forex Trading community.
http://www.fxstreet.com/fundamental/economic-calendar/
Developed by Richard Olsen, Founder at Oanda and Olsen Associates and his team, Olsenscale.com quantifies the market activity according to the Scale of Market Quakes (SMQ).
Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterises the state of the market.
The SMQ data is computed for 24 currency pairs beginning from December 2004 to date. The SMQ value can be as low as a zero indicating no activity in the market and can go up to a high of a 6 or more, which is rather unlikely. Anything above an SMQ value of 3 is considered to be a moderate impact, while a SMQ value of 4 is a strong impact indicating soaring activity in the markets.
I hope you’ll like it
Francesc
The SMQ is indeed a very interesting measure of the impact that currency events have on the market rates.
For those interested in learning more about it, I’ve written an article entitled “Understand the Olsen Scale of Market Quakes”.
This article can be found at:
http://www.youpip.com/2010/05/understand-olsen-scale-of-market-quakes.html