USD Index

hey guys,

Anybody know if we can get a chart of the USD Index into Metatrader?

Also, can Metatrader show commodities charts?

Thanks

Paul

No one is interested in the USD index?

Maybe this has been covered. Can anyone point me in the right direction?

THanks

Paul

Once upon a time I wanted to see if the USDX could help me in my trading so I wrote a program to calculate it for me. I could not find any brokers who offered the USDX in their basket. I'm not saying such brokers do not exist, I just could not locate them. Lost interest in the concept after watching how married to the value of the USD all of the majors were. Now, if I were an arbitrageur this indicator would have been useful, but, then again, if I were into arbitrage I would be able to afford anything I wanted so I would not have a need for this indicator! An explanation of arbitrage can be found on Wikipedia. Just go to their web site and do a search on arbitrage.

I do not believe MT4 or SBFX has the SEK so it can not be used in the calculation. The difference though between the calculation with and without the SEK is tolerable.

Equation to calculate the USDX:
USDX = 50.14348112 + EURUSD^-0.576 + USDJPY^0.136 + GBPUSD^-0.119 + USDCAD^0.091 + USDSEK^0.042 + USDCHF^0.036

I will post the indicator here if there is interest, but you will be assuming some risk. In order to calculate the USDX, as can be seen from the equation, multiple cross currency values need to be known simultaneously (or, as close to simultaneous as possible). Because the cross currency values reside in arrays and the global variable system of MQL4 does not support arrays I had to write a DLL to calculate the USDX. The DLL is the assumption of risk I am referring to. Running native code on your machine from someone you do not trust/know is never a smart thing to do; however, I thought I would offer it to anyone who believes they only live once!

As an aside I am not sure if I ever completed the code to update in real time. If anyone can give me a reason to complete the code so it does update in real time I will complete it and post it. The source code was written using Pelles "C" and I would be happy to share that as well. It has a few other routines not related to the USDX in it so it's pretty cool.

The USD Index (_DXY) is available on the MT4 platform through the Alpari demo.

USDSEK is available on the MT4 platform through the STS-Finance demo. They also provide futures and commodities.

reh052965 - It would be interesting to see a comparison of the Alpari_DXY and your index calculation. I would like to see your indicator and perhaps you could update it to include USDSEK.