usdx-indicator

Quantum USDX Indicator

$37.00

Buy this indicator for MetaTrader 4

Buy this indicator for NinjaTrader

The Quantum USDX indicator is another solution to the same problem. Again it answers the question – is the US dollar strong or weak? In this case, the index is based on a very simple basket of four currencies, all equally weighted. And you might ask why?

The simple answer is that one forex traders feel the DXY index is too heavily weighted with the euro. The USDX addresses this problem and is the preferred index of many traders for US dollar sentiment. The basket of currencies includes the Australian dollar, a key currency for commodities.

Like the Quantum DXY indicator, the Quantum USDX indicator displays dollar strength and weakness instantly. Just add to your chart, and take your trade with confidence. And at these prices – why not try both!

Learn more: MetaTrader 4 | NinjaTrader 7

Product Description

MetaTrader 4

Add the US dollar index to your MT4 platform with the USDX from Quantum Trading

click-here-to-watch-videoThe USDX index brings the US dollar direct to your MT4 platform, and is available both as a candle chart and a line chart.

NinjaTrader 7

An introduction to the USDX indicator for Ninjatrader

click-here-to-watch-videoThe Quantum USDX indicator has been created to provide a more “balanced” view of the US Dollar, more representative if you like of the world today. The index is based on a basket of four currencies which are equally weighted, in the same way as for the yen and euro indicator. The basket of currencies is as follows with each equally weighted at 25%:

  • Euro
  • British Pound
  • Japanese Yen
  • Australian Dollar

The USDX indicator displays strength and weakness in the US Dollar against this basket of currencies. It can be applied to any chart in any timeframe, and will give you an instant view of the US Dollar. Alternatively, you can create a separate workspace with multiple timeframes providing a broader view of the US dollar. Even if you are not a forex trader, having a chart for the currency of first reserve is essential, as it provides an alternative view of price action in related markets such as gold, oil, and agricultural commodities.


The USDX for NinjaTrader in action

click-here-to-watch-videoIn this short video we show you how to apply the USDX indictor to the NinjaTrader chart, and how to change the user inputs on the indicator to suit your own personal style. In this example we apply the index to the gold chart, with the USDX index below which then provides that all important perspective on the commodity, index or currency pair from a dollar perspective.