.AN. Currency Indexes paid

by www.fxcoder.store in category Trend at 22/12/2019
Description

You know "Dollar index - it measures the value of the U.S. dollar relative to a basket of top 6 currencies". It is used to understand the dollar is strenghtening or weakening. I think it is wise to measure streangth (index) of Every currency you trade, to avoid uncertain situations during a day.

Looking at screenshot - let's analize popular pairs EUR/USD, USD/CHF and USD/JPY. We can see both JPY and USD are in sideways at similar levels - non of these currencies has no rise nor fall sentiment, so this pair gives us no opportunitites today. EUR and CHF are cheaping that day - so we can sell EUR or CHF and buy USD. But we also see how AUD is getting stronger - so it is even more reasonable to sell EUR not against USD but against AUD.

And so on ... I think the main idea is to go out from comfort zone, and to give attention not only to currency you like to trade, but to See a bigger picture of a currency market at all, to be not a romantic person based on sympathies to these or that instrument, but to be a Trader - the person who knows when and where to be present to pick up profit.

Source code is not public. You can download the indicator only from the author’s website www.fxcoder.store  There is no other way to save copyrights.

P.S.  my name is Alex, I'm not a big trader or programmer, but only a very diligent person and try to do good worthwhile things to at least slightly improve my very modest life. Need some support - so I post my work at least for a nominal price, please be understanding.

 

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Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class fxcoder : Indicator
    {
        [Parameter("Author’s website", DefaultValue = "www.fxcoder.store")]
        public string Parameter { get; set; }

        // [Output("Main")]
        // public IndicatorDataSeries Result { get; set; }

        protected override void Initialize()
        {
            Chart.DrawStaticText("$", "Source code is not public. You can download the indicator only from the author’s website www.fxcoder.store", VerticalAlignment.Top, HorizontalAlignment.Center, Color.GhostWhite);
        }

        public override void Calculate(int index)
        {
            // Calculate value at specified index
            // Result[index] = ...
        }
    }
}
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