USDX Indicator For MT5
The USDX Indicator For MT5 displays the U.S. Dollar Index as a Dark Violet line in a separate pane below the price chart. For this indicator to work correctly, the following currency pairs must be available on the trading server - EURUSD, GBPUSD, USDJPY, USDCAD, USDCHF and USDSEK. If any of these pairs is unavailable, the indicator will be incorrectly calculated. The USDX Indicator For MT5 is important for traders as an indicator of the relative strength of the United States Dollar around the world. It can be used to confirm price trends related to the following markets: 1. Commodities Priced in U.S. Dollar - Commodity prices typically tend to fall (at least nominally) as the USD rises in value, and vice versa. 2. Currency Pairs that Include U.S. Dollar - If the USD is the base currency, currency pairs generally move in the same direction as the Dollar Index. If the USD is the quote currency, the currency pair is likely to move in the opposite direction as the USDX Indicator For MT5.
Installing the USDX Indicator For MT5
After you downloaded the indicator via the form above you need to unzip the zip-file. Then you need to copy the file USDX.mq5 into the folder MQL5\Indicators of your MT5 installation. After that please restart MT5 and then you will be able to see the indicator in the list of indicators.
Parameters of the USDX Indicator For MT5
The USDX Indicator For MT5 has 2 parameters to configure.
input ENUM_APPLIED_PRICE InpAppliedPrice = PRICE_CLOSE; // Applied price input ENUM_INPUT_YES_NO InpReverse = INPUT_NO; // Reverse
Buffers of the USDX Indicator For MT5
The USDX Indicator For MT5 provides 0 buffers.
Main Parts Of The Code