iUSDx (US Dollar Index) Multi-Currency Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The USDx index measures the performance of the U.S. dollar against a basket of currencies: the euro, Japanese yen, British pound, Canadian dollar, Swiss franc and Swedish krona.
USDx began in March 1973, shortly after the collapse of the Bretton Woods system. At the beginning, the USD Index had a value of 100.000. Since then, its trading price has reached a high of more than 160 US dollars and a low of 70.698 on March 16, 2008, which is the lowest level since its inception in 1973.
The composition of the "basket" has only changed once, when several European currencies were integrated into the euro in early 1999. USDx is updated when the U.S. dollar market opens, which is 24 hours a day from Sunday evening New York time (Monday morning Asia time) to late Friday afternoon New York time.
The USD Index is calculated as the geometric mean of 6 currency pairs:
USD x = 50,14348112 * EURUSD^(-0,576) * USDJPY^0,136 * GBPUSD^(-0,119) * USDCAD^0,091 * USDSEK^0,042 * USDCHF^0,036
Features of USDx index implementation:
By the way, indicator lines are drawn on the appearance of new bars for all currency pairs.
How to install:
Next...enjoy. If you find some errors, please send me a private message.
Attachment download
Source: MQL5 #242
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