Currency Indexes

 

Some people know to use these indexes. Other people trying to make dummy indicators. But banks, big trading companies, especially goverment use these indexes. UDX is the real strenght of USD. Just think about; how can u compare currencies except the currences in the formula?

Fx is curreny trading platform. The big curreny is USD. Other ones trying to fight with it.
The presented indicator is displayed in form of a line with two removable and customizable moving averages. The indicator is shown in the separate chart window

extern string comment1 = "// 0 - PRICE_CLOSE, 1 - PRICE_OPEN, 2 - PRICE_HIGH, 3 - PRICE_LOW, 4 - PRICE_MEDIAN, 5 - PRICE_TYPICAL, 6 - PRICE_WEIGHTED";

extern int _PriceType = PRICE_CLOSE;

extern int MA_Period1 = 13; //period of the first moving average. Set to 0 to turn it off

extern int MA_Period2 = 17;

extern string comment2 = "// 0 - MODE_SMA, 1 - MODE_EMA, 2 - MODE_SMMA, 3 - MODE_LWMA";

extern int MA_Mode1 = MODE_SMA;

extern int MA_Mode2 = MODE_SMA;

Turkish Lira index (Sepet Kur)

TRYBASK= 1 x [(USDTRY x 0.50) + (EURTRY x 0.50)]

trybask.mq4

U.S. Dollar indexUSDX= 50.14348112 × [(EURUSD x -0.576) + (USDJPY x 0.136) + (GBPUSD x -0.119) + (USDCAD x 0.091) + (USDSEK x 0.042) + (USDCHF x 0.036)]

usdx.mq4

Euro indexEURX=34.38805726 x [(EURUSD x 0.3155) + (EURGBP x 0.3056) + (EURJPY x 0.1891) + (EURCHF x 0.1113) + (EURSEK x 0.0785)]

eurx.mq4
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Reserved

How do we use these indexes?

What are they mean?

 

USDX


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