Quantum USDX Indicator

The Quantum USDX indicator is another solution to the same problem. Again it answers the question – is the US dollar strong or weak? In this case, the index is based on a very simple basket of four currencies, all equally weighted. And you might ask why?

The simple answer is that one forex traders feel the DXY index is too heavily weighted with the euro. The USDX addresses this problem and is the preferred index of many traders for US dollar sentiment. The basket of currencies includes the Australian dollar, a key currency for commodities.

Like the Quantum DXY indicator, the Quantum USDX indicator displays dollar strength and weakness instantly. Just add to your chart, and take your trade with confidence. And at these prices – why not try both!

Learn more: MT4/MT5 | NinjaTrader 7/8 | TradingView | TradeStation

Quantum USDX for MetaTrader 4

Add the US dollar index to your MT4 platform with the USDX from Quantum Trading

The USDX index brings the US dollar direct to your MT4 platform, and is available both as a candle chart and a line chart.

Quantum USDX for MetaTrader 5

MT5 indicator – USDX dollar Index indicator for MT5

The Quantum Trading USDX dollar index indicator is now available for the MT5 platform.

The USDX index indicator is a realtime chart of US dollar strength and weakness, and to help with analysis standard moving averages can be applied from the Navigator.

The USDX index indicator works for all the timeframes of both standard and custom on the MT5 platform.

Quantum USDX for NinjaTrader (7/8)

An introduction to the USDX indicator for Ninjatrader

The Quantum USDX indicator has been created to provide a more “balanced” view of the US Dollar, more representative if you like of the world today. The index is based on a basket of four currencies which are equally weighted, in the same way as for the yen and euro indicator. The basket of currencies is as follows with each equally weighted at 25%:

Euro
British Pound
Japanese Yen
Australian Dollar

The USDX indicator displays strength and weakness in the US Dollar against this basket of currencies. It can be applied to any chart in any timeframe, and will give you an instant view of the US Dollar. Alternatively, you can create a separate workspace with multiple timeframes providing a broader view of the US dollar. Even if you are not a forex trader, having a chart for the currency of first reserve is essential, as it provides an alternative view of price action in related markets such as gold, oil, and agricultural commodities.

The USDX for NinjaTrader in action

In this short video we show you how to apply the USDX indictor to the NinjaTrader chart, and how to change the user inputs on the indicator to suit your own personal style. In this example we apply the index to the gold chart, with the USDX index below which then provides that all important perspective on the commodity, index or currency pair from a dollar perspective.