Index Generator

Currency Majors Suite - Live Charts

USD · EUR · GBP · JPY · CHF · CAD · AUD · NZD

Index Generator is an EA that creates indices, computed from raw MT5 data across the full major complex and rendered as their own chart symbols. The implementation is price-native: indices are calibrated to currency liquidity conditions and built on the same data path that is used for execution. The design objective was to create a coherent read of leadership, rotation, and relative strength—without aggregating the problem into a single benchmark or a partial basket.

ARCHITECTURAL SCOPE

• Eight indices formulated from the FX 28-pair major complex
• Parallel construction, so the framework remains internally consistent and comparable across currencies
• Full-chart deployment, suitable for workflow integration with standard MT5 charting, and layouts

METHODOLOGY

Indices are computed directly from the same prices that feed the FX 28‑pair majors market. They are engineered to preserve structural clarity: a continuous representation of how strength evolves as liquidity and risk appetite flow through the market. The framework reflects a simple operational reality: currency leadership is not static. Many traditional indices that remain fixed can lose explanatory power as regimes change. The engine therefore internally updates its weighting system on a 7‑day recalibration cycle, so the basket can adapt while maintaining cross‑currency coherence.

The basket is specified to include all eight majors. Each leg occupies a distinct role in global FX transmission:

•  USD — Global liquidity and funding core.
•  EUR — Second major monetary bloc.
•  GBP — Rate-sensitive and financial-centre flow.
•  JPY / CHF — Haven and funding-stress axis.
•  CAD / AUD / NZD — Commodity and yield-sensitive risk channels.

Removing majors does not merely reduce coverage; it breaks the internal mapping: remaining currencies must proxy flows they do not represent, degrading comparability and creating distortion in price. Full-basket coherence preserves a single structural basis for reading leadership, rotation, and divergence across the FX-28.

HISTORICAL CONTINUITY

The suite includes pre-built historical datasets intended to extend history beyond typical MT5 availability. The objective here is end-to-end consistency in aligning historical structure to present market conditions. Many traditional indices are fixed-weight and can keep emphasizing relationships that are no longer dominant. This dataset was built from history spanning the modern majors era: each bar was weighted to reflect the market regime of its time, so the path through history remains a map that connects cleanly to today’s structure.

DESIGNED FOR PROFESSIONAL WORK-FLOW

The indices are built for traders who want more clarity and treat currency strength as core analytical infrastructure.

It can support:

• Identifying the strongest and weakest currencies
• Finding the cleanest pair expression
• Confirming whether a move is driven by one currency or both
• Spotting divergence between pair price and underlying currency strength
• Tracking rotation between USD, EUR, GBP, JPY, CHF, CAD, AUD, NZD
• Filtering weak trade ideas before entry
• Improving pre-session preparation
• Reviewing trade quality after execution

HOW TRADITIONAL INDICES ARE BUILT

Fixed-weight geometric mean baskets (e.g. DXY / USDX / ICE formulas)

Legs are combined multiplicatively into one benchmark line. Limited baskets. Weights that reflect old trade-flows. EUR still dominates DXY at 57.6%. Useful for macro headlines, but not designed to map the modern majors complex.

Fixed-weight arithmetic mean baskets

A simpler construction: each leg receives a fixed share — often equal — and the basket becomes a weighted average of price levels. Easier to read than geometry, but still static: the mix rarely adapts as leadership, liquidity, and regime conditions rotate.

HOW THESE INDICES ARE BUILT

Fluid-weight harmonic mean and arithmetic fused baskets

Harmonic weighting is one of the three classical Pythagorean means, alongside arithmetic and geometric. Here it works as a pressure-balancing layer inside the basket, keeping each major’s influence proportionate to its liquidity structure before the index is printed. Those harmonically weighted components are then combined arithmetically into a live stream with the weighting structure re-calibrating on a regime cycle, rather than holding a static template set decades ago.

CUSTOM INDICES

Custom indices available on request. The engine can apply a coherent stream to any symbol combination your broker provides (FX, metals, crypto, equities). Historical depth on custom builds depends on data availability. 

SETUP & SUPPORT