US Dollar Index - MetaTrader 5 Services | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources

The U.S. Dollar Index (USDX, DXY) is a measure of the value of the U.S. dollar relative to a basket of six major world currencies. It is calculated as the weighted geometric mean of the US dollar's exchange rates against these currencies:

Calculation formula:

 USD Index = 50.14348112 × EURUSD^(- 0.576 ) × USDJPY^( 0.136 ) × GBP/USD^(- 0.119 ) × USDCAD^( 0.091 ) × USD/SEK^( 0.042 ) × USD/CHF^( 0.036 )

The coefficient 50.14348112 is the historical base number, and the degree is the weight of the currency in the basket.

This service implements the data flow of the synthetic instrument - the US Dollar Index. It creates a custom symbol (USDX.synthetic), calculates its price based on the current currency quotes in the basket, updates the bar chart and price ticks. It works in an infinite loop, updating data every ten milliseconds.

You can read more about this service in the article "USD Index and Euro Index Chart - Example of the service in MetaTrader 5 "

Once launched, the service automatically creates a synthetic symbol of the U.S. Dollar Index (USDX.synthetic) based on quotes from a currency basket, opens its chart and updates the instrument's price movements and bars.
Users can analyze charts of the index, use it for indicators and test strategies. The service is designed to assess the strength of the US dollar and build trading systems based on it.

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Attachment download

📎 USD_Index.mq5 (3.01 KB)

📎 CurrencyIndex.mqh (51.64 KB)

Source: MQL5 #63678