On January 13, 2006, a new financial instrument Euro Currency Index (symbols ECX, EURX or E) was introduced at NYBOT (New York Board of Trade). The main calculating principles of EURX are similar to principles applied to calculate of US Dollar Index.
After the implementation of Euro Currency Index, the participants of Forex market got a common standard of the current price of the Single European Currency as well as a new financial tool for carrying out trade deals curious in terms of financial analysis. The current value of the Euro Index is a mean value of rate fluctuation of five world currencies (USD, GBP, JPY, CHF and SEK) regarding Euro.
You need a broker that provides the following currency pairs:
- EURUSD
- USDJPY
- GBPUSD
- USDCAD
- USDSEK
- USDCHF
It is a weighted geometric mean of the dollar's value relative to following select currencies:
EURUSD US Dollar Index With Simple Moving Averages
This version of the US Dollar Index indicator uses 2 Simple Moving Average indicators which are the fast and slow MA's, you can adjust the periods for these values.
Indicator Settings
In the settings window for the indicator, you can show or hide the fast and slow SMA's as well as configure the periods for the indicators.
How To Install
First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.
Join Telegram Community
You can join a Telegram community and chat with other traders to discuss, share and ask for help.
