Disliked{quote} As I pointed out here, I tend to use PSA merely as a rough guide to confirm fundamental analysis on longer time frames. I don't know if there are any optimal settings, as such, that would capture particular moves that might occur repeatedly on shorter time frames. (Also, to whatever extent each pair has its own characteristics, this would necessitate different settings for each pair, which is not possible with PSA.) If you specifically want a measure strength...Ignored
Yes, this would certainly assist in understanding market sentiment but as you've indicated, shorter timeframes will always contain the higher volatility price action.
Thanks again.