Quick Technical Overview: Technical Targets for Dollar Index - daily ranging for direction
is on bullish ranging within 96.42 resistance and 95.44 support levels. If
the price breaks 96.42 resistance level to above so the bullish trend will be resumed with 96.71 target to re-enter, if the price breaks 95.44 support to
the reversal of the price movement from the primary bullish to the ranging bearish condition will be started, otherwise -
the price will be on ranging bullish condition within the levels.
Daily price is located between 100 SMA and 200 SMA on the ranging area of the chart within key support/resistance reversal levels.
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
Ermou Street rather than an expert or an indicator is a all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance.
First, you should watch the video. Then here's some explanation:
By default, attaching Ermou Street to a chart, you’ll get:
A panel Signals: buy (default b
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation.
The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers.
Beginning with the version 1.4
This is the first public MQL5 indicator using the cluster filtering. The advanced smoothing effect allows the digital filter to transform an ordinary moving average into a new faster indicator providing fewer false signals. At least, that is the purpose of the new experimental project. The project stages and ClusterSMA features are described in the author's blog (in Russian).
The indicator is based on the cluster digital filter that is successfully used in another area. At the time of publicati
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
The indicator shows a line of a relative trend based on an oscillator selected from the list. The line can be used for support/resistance depending on where the price is. Direction (fall/rise) changes when the oscillator crosses the specified levels (it is equal to the middle of the range by default, the value is adjustable) and can be additionally displayed in a different color. Change in the direction of the secondary smoothed price trend is displayed as arrows (you can also enable alerts); it
SeventhMohammed5 is a unique indicator, which is a collection of 7 standard indicators: Bears Power, Bulls Power, Commodity Channel Index, Force Index, Moving Average of Oscillator, Accelerator Oscillator, Awesome Oscillator. Signals appear when the selected indicator crosses the zero level, upward crossover - an arrow up (a buy signal), downward crossover is - an arrow down (a sell signal). Signals from the higher timeframe are displayed as a large arrow in the upper right corner. It is recomme
The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the marke
The Sane Reversal indicator is one of the leading oscillators. The signals are generated early, unlike in other indicators which give the signal after the price goes far away in either direction. The indicator displays the price reversals using arrows with high accuracy. The arrows appear on the zero bar and do not flicker of disappear regardless of the market volatility, which allows to trade effectively with short stop losses:
the Buy signal - white arrow on the bar Low,the Sell signal - red
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Ty
Stochastic oscillator with Singular Spectrum Analysis algorithms (SSA).
SSA is an effective method of treatment of non-stationary time series with unknown internal structure. It is used for the determination of the main components (trend, seasonal fluctuations and wave), smoothing and noise suppression. The method allows us to find previously unknown series periodicities and make forecasts on the basis of the detected periodic patterns.
The indicator signals are identical to the original signa
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
The Pz Oscillator is a very smooth and responsive accelerometer which provides a lot of useful information and detects divergences automatically. It is a great trading confirmation and can be used to identify the trend direction and strength. It has been designed as a complement for our trading tools.
The oscillator plots two moving averages to display the trend direction. If the fast moving average is above the slow moving average, the market is during an uptrend and long trad
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra Adept shows good results on a forward period (or backward in my case). This ca
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is designed for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automatically. The robot does not open n
Economic Releases that Move the US Dollar
As you can probably imagine, we could spend many lessons and multiple
hours going over each of the economic indicators that affect the price
of the US Dollar. It is for this reason, that before getting into any of
the actual indicators, I wanted to give everyone an overview of the
broad things that move the market. As we have discussed in previous
lessons the two broad categories that pretty much everything that moves
the forex market fits into, are trade flows and capital flows, as
covered in module 3 of this course.
Once you have an understanding of this, all that is necessary to
understand how economic numbers move the dollar, is to understand which
numbers are important to the market at the time, whether those numbers
fit into the trade flows or capital flows category, and how they should
affect the dollar as a result.
market reacts to economic releases is generally determined by two
1. How important the market considers a particular release to be.
2. How close to market estimates the number comes in at. Remember that
markets anticipate news, so generally if an economic release comes out
as expected, there is very little if any market reaction to that
How important the market considers a particular economic release to be,
is something that changes over time depending on what is happening from a
US Dollar fundamentals standpoint. If there are worries that the
economy is going into recession, then the market is going to be extra
sensitive to any numbers, such as non farm payrolls and consumer
spending, which may provide early warning signs that this is the case.
Conversely, if the economy is heating up and the markets are worried
that inflation may become a problem, then the most market moving numbers
may be price data releases, such as the CPI and the PPI. For your
reference, according to Dailyfx.com the most market moving indicators
for 2007, in order of importance were:
1. Non Farm Payrolls
2. FOMC Releases
3. Retail Sales
4. ISM Manufacturing
6. Producer Price Index
7. The Trade Balance
8. Existing Home Sales
9. Foreign Purchases of US Treasuries (TIC Data)
We have discussed most of these indicators already, and for those which
we have not, a quick google search, and review of the indicator in the
context of whether it fits into trade flows or capital flows, should
answer the question of why they move the market.
Although I am probably a little biased since I used to work with the
people who run the site, I am a very big fan of Dailyfx.com as the place
where I go to find out what economic data is due for release, and for
commentary on the number after the release. They have a great global
calendar which you can find at the top of the site as well as tons of
both technical and fundamental commentary on everything that affects the
US Dollar and forex market in general.
For this lesson specifically, if you click the calendar button at the
top of the site you will see they have all of the economic data releases
from the major countries of the world with the time of the release, the
previous number, the forecasted number and the actual number which is
updated after the release. You will also notice here they have links for
the more important numbers giving a definition of the release, the
relative importance of the release, and the latest news release relating
to that release.
If you click back to the homepage of the site you will see lots of fx
related reports which the Dailyfx staff puts out throughout the day. Two
of my favorite reports are the Daily Fundamental report by Kathy lien,
and the US Open Market Points by Boris Schlossberg which you can find in
the middle of the page.
As we discussed in module 8 of our basics of trading course, the best
way to get a feel for how economic numbers affect the market, and which
numbers are in focus, is to start following the market on a daily basis
and seeing how it reacts to various news events. As this is the case, I
highly recommend following the commentary on Dailyfx.com as well as the
forex commentary on InformedTrades.com, and start putting your analysis
to practice on your real time demo accounts. If you have not registered
for a free realtime demo account I have included a link above this video
where you can do so.
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.07.09 13:46
Fundamental Weekly Forecasts for Dollar Index, GBP/USD, USD/JPY, AUD/USD, USD/CAD, USD/CNH and GOLD (based on the article)
Dollar Index - "If there is any imbalance in one of these
major regions of the world, it is unlikely that emergent pressures on
the traditional dual mandate will lead the Fed to potentially-risky rate
hikes. On the other hand, if any of these critical areas implode; the
implications for global risk trends could prove a boon for the
Greenback. The Dollar has seen its position as a safe haven intensify
significantly recently with the options for reserve alternatives
diminishing post Brexit (brining the second and third most liquid
reserve currencies – Euro and Pound – down with it). In the event of a sentiment slide that pulls down equity markets like the S&P 500, the need for safe harbor would revive a dormant appetite for the benchmark."
Sergey Golubev, 2016.07.16 11:34
Fundamental Weekly Forecasts for Dollar Index, GBP/USD, USD/CAD, USD/JPY, NZD/USD, AUD/USD, USD/CNH and GOLD (based on the article)
Dollar Index - "Risk trends are a skewed support for the
Dollar. Despite the charge to record high for equities, the Dollar has
not lost the bulk of its post-Brexit surge. That is testament to the
type of haven the Dollar represents (liquidity and primary reserve) as
well as the dubious nature of the relentless and desperate push for
yield. If equities falter and pulls other speculative-directed assets
with it, however, the Dollar would readily draw the masses to its safe
Daily price is on ranging condition to be located near 200 day SMA waiting for the direction of the trend to be started. The price is breaking 200 SMA together with ascending triangle pattern to above for the bullish reversal. Alternative, if the price crosses 95.34 support level to below so the primary bearish trend will be resumed.
Dollar Index: End Of Week Technicals - Bullish To Continue or Correction To Be Started?
This trading week ended with some dilemma: bullish trend to be continuing in case the price breaks 97.32 resistance level, or the secondary correction to be started just in case of support level at 96.79 to be broken to below.------------------
D1 price is on located above Ichimoku cloud for the bullish market condition with the ranging within 97.32/96.79 narrow levels.
is on bullish ranging with 97.21 resistance level to be tested for 97.32 level as a nearest target to re-enter. Chinkou Span line of Ichimoku indicator is located above the price for the bullish trend to be continuing by the direction. Absolute Strength insdicator is estimating the possible bullish breakout in the near future.
SUMMARY : bullish
Sergey Golubev, 2016.07.29 14:51
2016-07-29 12:30 GMT | [USD - GDP]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
EUR/USD M5: 31 pips range price movement by U.S. Gross Domestic Product news event
Dollar Index M5: intra-day bearish breakdown by U.S. Gross Domestic Product news event
Sergey Golubev, 2016.08.05 14:53
2016-08-05 12:30 GMT | [USD - Non-Farm Employment Change]
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
"Total nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down."
EUR/USD M5: 66 pips price movement by Non-Farm Payrolls news event
Dollar Index M5: price movement by Non-Farm Payrolls news event
Sergey Golubev, 2016.08.09 14:45
Staying USD Bearish - Morgan Stanley (based on the article)
Dollar Index: ranging within 100 SMA/200 SMA for direction.
The price is located within 100 SMA/200 SMA for the ranging condition waiting for direction.
Sergey Golubev, 2016.08.13 13:20
Fundamental Weekly Forecasts for Dollar Index, USD/JPY, AUD/USD, USD/CAD, NZD/USD, USD/CNH and GOLD (based on the article)
Dollar Index - "Barring a tangible change in rate forecast – for better or worse –
the Dollar will be difficult to transition to clear trend against the
backdrop of global indecision. The ‘Summer Doldrums’ are discouraging traders from participating
and the Greenback is suffering both for its key liquidity appeal (safe
haven) as well as its unique risk orientation via early rate hikes.
While traders should monitor it for volatility, they should also be
skeptical of trend for the currency."
Daily price is located between 100 SMA and 200 SMA in the ranging bearish area of the chart and within the following s/r levels:
Ascending triangle pattern was formed by the price to be crossed to above for the possible daily bullish reversal.
Dollar Index Intra-Day Technical Analysis - bullish reversal or bearish trend to be resumed?
is on ranging condition located below Ichimoku cloud in the bearish area of the chart. The price is within the following support/resistance levels:
AllAbsolute Strength indicator is estimating the bearish trend to be continuing with the secondary ranging way.
H4 price breaks 94.08 support level on close H4 bar so the primary bearish trend will be resumed.If H4 price breaks 94.96 resistance level so the reversal of the intraday price movement to the primary bullish market condition will be started.If not so the price will be ranging within the levels.
SUMMARY : bearish
Indicators: USDx dollar index
Sergey Golubev, 2013.11.06 15:03
Based on - U.S. Dollar Index - USDX
U.S. Dollar Index (USDX) was introduced in March 1973, when the
Bretton Woods system ceased to exist. The index shows the ratio of U.S.
dollar against a basket of six major world currencies - the euro is
(EUR), Yen (JPY), British Pounds (GBP), Canadian Dollar (CAD), Swedish
krona (SEK) and Swiss Franc (CHF). As part of this basket each currency
has its own weight:
EUR - 57,6%
JPY - 13,6%
GBP - 11,9%
CAD - 9,1%
SEK - 4,2%
CHF - 3,6%
The composition of the basket of 1973 changed only once - in 1999, when the euro was introduced.
At the time of occurrence of the index had a value of 100 points.
Historic lows it reached in March 2008 - 70.7 points, while the maximum
value was recorded in February 1985 - 148.1 points. The index traded at
the time of the global currency markets - 24 hours a day, 5 days a week.
Trading on the Stock Exchange are ICE (Intercontinental Exchange) - The
former New York Mercantile Exchange (NYBOT - New York Board of Trade).
Moreover, the index is presented in the form of various traded
instruments: the exchange funds (exchange traded funds, or ETF), mutual
funds (mutual funds), stock options.
The index is calculated as a weighted geometric mean of the above
mentioned currencies according to the following formula:
USDXt = 50,14348112 x (EURt) -0,576 x (JPYt) 0,136 x (GBPt) -0,119 x
(CADt) 0,091 x (SEKt) 0,042 x (CHFt) 0,036
In the formula, the power coefficients corresponding to the weights of
currencies in the basket. Calculation of the index coincides with the
data used in calculating the Fed trade-weighted dollar index of
currencies of countries which form the main foreign trade turnover of
Most of the international trade in the U.S. accounts for the euro
area (57.6%), followed by Japan - 13.6% United Kingdom - 11.9% Canada -
9.1%, Sweden - and Switzerland 4.2% - 3.6 %.
How to use the dollar index on the forex?
It is important to understand whether you like it or not, dictates that
the U.S. dollar trends of major world currencies, so the index is an
excellent starting point for determining the strength or weakness of
U.S. dollar currency pairs.
As a rule, the change trend of the index leads to changes in the
trends of the currency pairs in which the USD and he is present. For
example, during an uptrend USDX pairs with direct quote will also
increase (eg, USDCHF, USDCAD), a couple from the back - slow down (it
Using technical analysis toolkit, such as candlesticks, support /
resistance levels, moving averages, you can get an idea about the
strength of the U.S. dollar in terms of long-term trends, the possible
long-and short-term reversals, as well as changes in the attitudes of