The DXY Dollar Index MT4 Indicator is an oscillator indicator for MetaTrader 4 specifically designed to display the U.S. Dollar Index (DXY) on an additional chart. This indicator plots the U.S. Dollar Index (DXY) a visual representation of the U.S. Dollar’s relative strength against a basket of major currencies, with additional customizable Simple Moving Averages (SMAs). It is an invaluable resource for forex traders seeking a deeper understanding of the U.S. Dollar’s performance in the global currency market. By integrating this indicator into their trading strategies, traders can make more informed decisions and execute trades more effectively.
This indicator is suitable for traders of all skill levels and across all time frames. Its versatility extends to trading multiple currency pairs within any forex trading system or strategy, for additional confirmation of U.S. Dollar strength or weakness.
Indicator Settings
How to Install DXY Dollar Index MT4 Indicator
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
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