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USD Strength Indicator CUSIV01 – indicator for MetaTrader 4

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Old 01-03-2018, 14:59
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Default USD Strength Indicator CUSIV01 – indicator for MetaTrader 4

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Coensio USD strength indicator (CUSIV01) measures the momentary USD strength, using combined data from the following four USD pairs: EURUSD, GBPUSD, AUDUSD and USDJPY. The USD "momentary strength" of each pair is determined by measuring distance (in pips) of each closed candle w.r.t exponential moving average line e.g.: ?EURUSD = (Close[n]-EMA50[n]) / PipValue. The combined USD currency strength can be simply expressed by:

USDSTRENGTH = (-?EURUSD-?GBPUSD-?AUDUSD+?USDJPY)/4

Notes: Load the indicator on any chart, any time frame. Set "EMASize" to desired value (EMA value is used as reference point of relative USD strength). Note that on USDJPY chart the indicator will display the strength of USD currency, so the histogram will be displayed in the opposite direction!

Input parameters:


    EMASize – period for calculation of indicator

How to install USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4?


    Download USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4
    Copy USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4 to your Metatrader Directory / experts / indicators /
    Start or restart your Metatrader 4 Client
    Select Chart and Timeframe where you want to test your MT4 indicators
    Search "Custom Indicators" in your Navigator mostly left in your Metatrader 4 Client
    Right click on USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4
    Attach to a chart
    Modify settings or press ok
    Indicator USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4 is available on your Chart

How to remove USD Strength Indicator CUSIV01 – indicator for MetaTrader 4.mq4 from your Metatrader Chart?


    Select the Chart where is the Indicator running in your Metatrader 4 Client
    Right click into the Chart
    "Indicators list"
    Select the Indicator and delete

Click here below to download:

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