Hello,
The indicator would be used to let the user highlight these news events on a chart, the user would select which news events they want to see or don’t want to see.
The more complicated part that I’d like would be to find the average pip movement for when these news events take place. i.e. for news event A, the price on average moves 70 pips up or down. The average would be found by gathering the pip movement each time this news event was supposed to take place and finding the average movement for each hour that the news event took place in.