rod178
Well-Known Member
dougl1965 said:thanks guys! I'll take a look.
dougl
Just be aware that the USDX is an artificial, somewhat out of date, construct,although still useful due to the small weighting of the "irrelevant" pairs.
It is a simple matter to create your own USDX (or even a modified version) and overlay (eg for SMT Divergence) on Charts for which the Broker does not supply the USDX; ie most.
Using Bond Prices is another possibility, although another story again. Some Oanda Brokers provide CFDs on US Bonds
The MT4 pseudo code formula for the USDX is -
USDx=50.14348112
* MathPow(EURUSD,-0.576)
* MathPow(USDJPY, 0.136)
* MathPow(GBPUSD, -0.119)
* MathPow(USDCAD, 0.091)
* MathPow(USDSEK, 0.042)
* MathPow(USDCHF, 0.036);