This indicator calculates and displays the Dollar Index and 2 definable moving averages. In order for it to work, the broker must provide prices for all the reference pairs, i.e. EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, USDCHF.
The Dollar Index is well described here: ICE Dollar Index
MT4 Indicator Download – Instructions
DXY Dollar Index is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.
DXY Dollar Index provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install DXY Dollar Index.mq4?
- Download DXY Dollar Index.mq4
- Copy DXY Dollar Index.mq4 to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on DXY Dollar Index.mq4
- Attach to a chart
- Modify settings or press ok
- Indicator DXY Dollar Index.mq4 is available on your Chart
How to remove DXY Dollar Index.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: