SymbolX_Candle – indicator for MetaTrader 5

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category:MT5 INDICATORS

This indicator calculates the index of a given currency, using the USD index. It is based on indicator SymbolX, but four prices are used for calculations: OHLC instead of just one Close price.

For example:

  • EUR index is calculated as (EUR / USD) * USDX;
  • CHF index is calculated as USDX / (USD / CHF).

The indicator has to configurable inputs:

  • Instrument - name of the instrument, the index of which shall be calculated;
  • Invert the graph - invert the indicator graph.

It should be noted that six currency pairs are used for calculating the index, namely: EURUSD, USDJPY, GBPUSD, USDCAD, USDSEK, and USDCHF; and all the necessary history for those symbols must be additionally loaded to get a correct display. This will require some time. It means that, at the first running or switching the chart timeframe, the indicator will first load history and only then calculate and display the index for your desired currency.

The indicator works on the charts of any currency pairs.

SymbolX_Candle - indicator for MetaTrader 5

Fig 1. SymbolX_Candle index EUR

SymbolX_Candle - indicator for MetaTrader 5

Fig. 2. SymbolX_Candle index AUD

SymbolX_Candle - indicator for MetaTrader 5

Fig. 3. SymbolX_Candle index JPY

SymbolX_Candle - indicator for MetaTrader 5

Fig. 4. SymbolX_Candle index RUB

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