The Currency Index indicator enables traders to display any index of eight major currencies. It uses a special calculation that considers specific currency pairs and their weights.
The default weights are based on the BIS Triennial Central Bank Survey results. Because of this advantage, the trader can see each currency’s true strength and weakness.
Note: If the indicator is used in Strategy Tester (demo version), please keep in mind that all currency pairs’ data must be downloaded in History Center before the simulation starts (How-to). If the indicator is added to the chart in the usual way, no downloads are needed.