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The DXY Dollar Index is a vital tool for traders, providing insights into the strength of the US dollar against a basket of currencies. This handy indicator calculates and displays the Dollar Index along with two customizable moving averages, allowing you to track trends effectively.
To ensure this indicator operates smoothly, your broker needs to provide prices for all the reference currency pairs, including EUR/USD, USD/JPY, GBP/USD, USD/CAD, USD/SEK, and USD/CHF.
If you're looking for more information on the Dollar Index, check out the ICE Dollar Index FAQ.
Here’s how the indicator looks against two pairs, displaying consistent readings.
Recommendations for Use:
- You can adjust the periods for the moving averages—default settings are 20 and 40.
- This indicator is versatile and can be applied to any chart and timeframe.