U. S. dollar index
Info
The U. S. dollar index is a Library for MetaTrader 5 that theus dollar index (usdx, dxy)is a measure of the value of the us dollar relative to a basket of six major world currencies. It is calculated as a weighted geometric mean of the dollar's exchange rates against these currencies:EURUSD(euro) - weight -0.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
What this tool does
TheUS Dollar Index (USDX, DXY)is a measure of the value of the US dollar relative to a basket of six major world currencies.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: Swap Monitor - another powerful services for MetaTrader 5 traders.
The
US Dollar Index (USDX, DXY)
is a measure of the value of the US dollar relative to a basket of six major world currencies. It is calculated as a weighted geometric mean of the dollar's exchange rates against these currencies:
Also recommended: EV Z Reader - similar services with strong performance on MetaTrader 5.
EURUSD
(euro) - weight -0.576
USDJPY
(Japanese Yen) - weight 0.136
GBPUSD
(British pound) - weight -0.119
USDCAD
(Canadian dollar) - weight 0.091
USDSEK
(Swedish krona) - weight 0.042
USDCHF
(Swiss Franc) - weight 0.036
Calculation formula:
The coefficient 50.14348112 is the historical base and the degrees are the weights of the currencies in the basket.
This service implements data flow for a synthetic instrument - dollar index. It creates a custom symbol (USDX.synthetic), calculates its price based on current currency quotes from the basket, updates bars and ticks. It works in an infinite loop, updating data every tenth millisecond.
You can read more about this Service in the article"
When launched, the service automatically creates a synthetic symbol of the dollar index (USDX.synthetic) based on the quotes of the currency basket, opens its chart and updates ticks and bars of this instrument. The user can analyse the chart of this index, use it in indicators and test strategies. The service is designed to assess the strength of the dollar and build trading systems based on it.
You may also like: VP S Trailing Stop Service - excellent alternative for services users on MetaTrader 5.
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.