If you’re a trader looking to gain an edge, the Indexes_v7L indicator is a game-changer. This tool calculates the indices for 8 major currencies, all conveniently displayed in a single window. Imagine having all the critical data at your fingertips without the hassle of flipping between multiple charts!
One of the standout features of this indicator is its ability to automatically detect the currency pair when you attach it to a chart. This means you can quickly pull up the corresponding indices that matter most to your trades. It calculates popular indicators like CCI, RSI, Momentum, MACD, and Stochastic, all based on the currency indices, and integrates Moving Averages seamlessly.
The indicator presents price changes as a percentage relative to a set initial value of 100%, giving you a clear view of how each currency is performing against the basket. This holistic view is a fantastic advantage, allowing you to assess the entire market landscape without the need to constantly switch charts.
To make the most of it, you only need to keep track of 7 essential currency pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, and USDJPY.
Currency indices overview
MACD for the currency indices
Stochastic for the indices of EUR and USD
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