Currency Indexes, Clusters and Strenght

The presented indicator is displayed in form of a line with two removable and customizable moving averages. The indicator is shown in the separate chart window

extern string comment1 = "// 0 - PRICE_CLOSE, 1 - PRICE_OPEN, 2 - PRICE_HIGH, 3 - PRICE_LOW, 4 - PRICE_MEDIAN, 5 - PRICE_TYPICAL, 6 - PRICE_WEIGHTED";
extern int _PriceType = PRICE_CLOSE;
extern int MA_Period1 = 13; //period of the first moving average. Set to 0 to turn it off
extern int MA_Period2 = 17;
extern string comment2 = "// 0 - MODE_SMA, 1 - MODE_EMA, 2 - MODE_SMMA, 3 - MODE_LWMA";
extern int MA_Mode1 = MODE_SMA;
extern int MA_Mode2 = MODE_SMA;



Turkish Lira index (Sepet Kur)
TRYBASK= 1 x [(USDTRY x 0.50) + (EURTRY x 0.50)]
TRYBASK.mq4

U.S. Dollar index
UDSX= 50.14348112 × [(EURUSD x -0.576) + (USDJPY x 0.136) + (GBPUSD x -0.119) + (USDCAD x 0.091) + (USDSEK x 0.042) + (USDCHF x 0.036)]
USDX.mq4

Euro index
EURX=34.38805726 x [(EURUSD x 0.3155) + (EURGBP x 0.3056) + (EURJPY x 0.1891) + (EURCHF x 0.1113) + (EURSEK x 0.0785)]
EURX.mq4

Hi levonisyas,

Thanks a lot for interesting indicators.

Hi Newdigital,
Thnx.
As u know;
Some people know to use these indexes especially Usd. Other people trying to make dummy indicators. But banks, big trading companies, especially goverment use these indexes. UDX is the real strenght of USD. Just think about; how can u compare currencies except the currences in the formula?
Fx is curreny trading platform. The big curreny is USD. Other ones trying to fight with it.

Forex Dashboard

This tool measures major currency strength in the form of percentage & meter. Besides that it also able to show strength of oil and gold, U.S stock indices and Europe stock indices. Below of the board display 27 currency pairs weak or strong movement, bid price and range.

From the input parameters we can adjust open/close time for the stock indices market. To display the stock indices you have to open it with meta editor, insert the symbol your broker offer.

This tool is intended for intermarket analysis of financial market. It was created to be used with Broco trader Mt4 which have many stock indices but unfortunately Brocompany was closed down few years ago. ON the other hand there are many commercial tools available which is more advance than this free tool.

Hi levonisyas,

What would be the formula for AUD Index?


U.S. Dollar index
UDSX= 50.14348112 × [(EURUSD x -0.576) + (USDJPY x 0.136) + (GBPUSD x -0.119) + (USDCAD x 0.091) + (USDSEK x 0.042) + (USDCHF x 0.036)]
USDX.mq4

Euro index
EURX=34.38805726 x [(EURUSD x 0.3155) + (EURGBP x 0.3056) + (EURJPY x 0.1891) + (EURCHF x 0.1113) + (EURSEK x 0.0785)]


Bruce
EURX.mq4

Hi Bruce,
i have no idea but i'll search it for u.
EURX and USDX from wiki. TRY from Central Bank of the Republic of Türkiye

This current situation of currency index, comodity and stock index display by forex dashboard after NFP.

Show relative currency strength and suggest certain pairs which contain favourably matched strong/weak currencies.
::Left bar sets longer term strenght :: Middle bar sets shorter term strenght ::right bar sets suggestion of certain pairs which contain favourably matched strong/weak currencies (not always visible)

extern string Currencies = "EUR,USD,GBP,JPY,CHF,CAD,AUD,NZD"; //These are the currencies the indicator is measuring against one another.
extern string CurrDisplay = "1,1,1,1,1,1,1,1"; //these relate to the above 8 currencies. If they are set to "1", the indicator will display information about that currency. If it is set to "0", the indicator will not display that particular currency.
extern string SymbolFixes = ""; //for irregular Symbols
extern string ShowSignal = "EURUSD,EURCHF,EURJPY,GBPUSD,USDCHF,GBPJPY,GBPCHF, AUDUSD"; // This is where you enter the particular currency pairs you are interested in trading and getting suggestions for
extern int TimeFrame = 0;
extern int StrengthBase = 60; //This is used for the line graph and the left hand bar chart and means the point in the past from which to measure the currencies strength. So if set to 60, the meter will calculate the percentage gains or losses for a currency compared to where it was 60 periods ago.
extern int RecentCHBase = 10; //This is exactly the same as the above input but is measuring over a shorter period. So if set to 10, the meter will calculate the percentage gains or losses for a currency compared to where it was 10 periods ago. My intention is to use this to determine if a currency is strong or weak in the same direction in the short term as it is in the long term
extern bool ShowLineChart = true;
extern bool ShowBarChart = true;
extern bool UpdateOnTick = true;
extern bool AllowAlert = false;
extern bool AllowSound = false;
extern int MinAlertIntv = 30; //the alerts will not sound more than once if the same pair to trade suggestion is made more than once within 30 seconds
extern int LineChartBars = 200; //the number of bars you can scroll back on the line chart indicator. Setting this too high can mean the indicator can look very narrow to compensate for the odd time when currency strength diverge to extreme distances.
extern int LegendOffestY = 20;
extern int MeterPosition = 20;


StrengthMeterV2.mq4

Thanks. I did a search, but couldn't find any formula for the AUD index.

Bruce

Originally Posted by Bruce

Hi levonisyas,

What would be the formula for AUD Index?


U.S. Dollar index
UDSX= 50.14348112 × [(EURUSD x -0.576) + (USDJPY x 0.136) + (GBPUSD x -0.119) + (USDCAD x 0.091) + (USDSEK x 0.042) + (USDCHF x 0.036)]
USDX.mq4

Euro index
EURX=34.38805726 x [(EURUSD x 0.3155) + (EURGBP x 0.3056) + (EURJPY x 0.1891) + (EURCHF x 0.1113) + (EURSEK x 0.0785)]


Bruce
EURX.mq4

Famous FXcorrelater indicator
The early first one of the currency strenght indicators. But a little touch is added from my friend.



Added some flavor FXCORRELATOR-5b.mq4
Orginal FXCORRELATOR_8020_SYSTEM_DO NOT RESELL OR COPY_V1.mq4
Gold added FXCORRELATOR_Goldmeter_V2.2.mq4
Can xxx determine other uncommon currency FXCORRELATOR_NewCurrencyChartMeter.mq4