Dollar Index (DXY) Candles [Loxx]Dollar Index (DXY) Candles is an educational/experimental indicator that attempts to recreate the Dollar Index DXY: TVC:DXY .This is useful so others traders can see how the DXY is calculated.
The U.S. Dollar Index (USDX, DXY, DX) is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies. The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies.
The index is maintained and published by ICE (Intercontinental Exchange, Inc.), with the name "U.S. Dollar Index" a registered trademark.
It is a weighted geometric mean of the dollar's value relative to following select currencies:
Euro (EUR), 57.6% weight.
Japanese yen (JPY) 13.6% weight.
Pound sterling (GBP), 11.9% weight.
Canadian dollar (CAD), 9.1% weight.
Swedish krona (SEK), 4.2% weight.
Swiss franc (CHF) 3.6% weight.
USDX = 50.14348112 × EURUSD^-0.576 × USDJPY^0.136 × GBPUSD^-0.119 × USDCAD^0.091 × USDSEK^0.042 × USDCHF^0.036
These candles won't match the ticker DXY dollar for dollar, but it comes very close. Either way, the general trend and volatility of this synthetic recreation is the same as the DXY.
Read more here: en.wikipedia.org
DJ FXCM Index
Correlation of chart symbol to different Index-ETF-currencyScript plots correlation of chart symbol to a variety of indexes, symbols, equities. ** Original idea was to find Bitcoin correlation, which I did not. Built in correlations are: Nikie, DAX, SPY, AAPL, US Dollar, Gold, EURUSD, USDCNY, EEM, QQQ, XLK, XLF, USDJPY, EURGBP
ATR Pips [LazyBear] [Fixed by Elixium]This is ATR in pips. This was requested by user @ElixiumCapital on Twitter. ATRPIPs in his words:
How to use: Change the chart to the Daily time frame. The indicators value e.g. 0.0105 means that the average daily range of the past 5 trading days is 105 pips. (On standard pairs like EURUSD, GBPUSD)
"ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the indicators value."
Fixed: Default parameters and a critical bug.
