Indicators: DollarIndex

 

DollarIndex:

A volume-adjusted reading of the net flow of USD as measured by all 7 major currency pairs.

Author: Shon Shampain

 

Hi Shon,

Nice work.

To expand on the 'thought experiment', how about being able to throw this on any chart, parse the currency into two currencies automatically, then display the same concept for both currencies (i.e. GBPJPY)? Or then, optionally, be able to plot the USD Index along with those two pairs.

Just my first thoughts,

Merlin

 
MerlinBrasil:

Hi Shon,

Nice work.

To expand on the 'thought experiment', how about being able to throw this on any chart, parse the currency into two currencies automatically, then display the same concept for both currencies (i.e. GBPJPY)? Or then, optionally, be able to plot the USD Index along with those two pairs.

Just my first thoughts,

Merlin


Merlin:

Great idea. I am posting a new indicator called "NetFlows" that does just exactly that. Enjoy.

- Shon Shampain, http://www.zencowsgomu.com/

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