USDX (US Dollar Index) Candle Indicator

Category: market_structure, trend

Calculates and displays the U.S. Dollar Index (USDX) as a candlestick chart in a separate window using a geometric weighted average of six major currency pairs.

Formula

USDX = 50.14348112 \times EURUSD^{-0.576} \times USDJPY^{0.136} \times GBPUSD^{-0.119} \times USDCAD^{0.091} \times USDSEK^{0.042} \times USDCHF^{0.036}

Inputs

• MaxBars (default: 500)
• IndexPairs (default: EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, USDCHF)
• IndexCoefficients (default: -0.576, 0.136, -0.119, 0.091, 0.042, 0.036)
• IndexInitialValue (default: 50.14348112)
• MA_Period1 (default: 13)
• MA_Period2 (default: 17)

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