FX Forecaster
Back to products
Yzyz Indicator
MT4
Watch video
Click to enlarge

Dollar Index DXY

The Dollar Index (DXY) is a popular and free Forex indicator for MT4 that is useful for traders of all levels. This indicator is designed to measure the performance of the US dollar against a basket of other major currencies. It provides traders with an easy-to-read overview of the US Dollar’s performance, allowing them to make better-informed trading decisions. The DXY indicator is easy to use and is one of the most popular indicators available for MT4. It is a great tool for both novice and experienced traders, as it provides accurate and up-to-date information about the US dollar’s performance.

Trading Style

Indicator Type

Timeframe

,

,

Platform

Add to wishlist
0 People watching this product now!
Categories: ,

Downloads - 117

Download now
Description

In the dynamic world of forex trading, the performance of the US Dollar holds immense significance, serving as a bellwether for global market sentiment and the broader economic landscape. The Dollar Index (DXY) Indicator, a free and highly informative tool available on the MetaTrader 4 (MT4) platform, offers traders a comprehensive solution to tracking and analyzing the strength of the US currency against a basket of major global currencies.

Features of the Indicator

The DXY Indicator is designed to provide traders with a clear and concise representation of the US Dollar’s performance relative to six major currencies: the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), Swedish Krona (SEK), and Swiss Franc (CHF).

This indicator calculates a weighted average of the exchange rates between the US Dollar and these currencies, allowing traders to gauge the overall strength or weakness of the greenback. The DXY Indicator is updated on a daily basis, ensuring that traders have access to the most current and relevant information to inform their trading decisions.

How the Indicator Can Benefit You

Incorporating the Dollar Index (DXY) Indicator into your trading strategy can provide you with a significant advantage in the forex market. By closely monitoring the performance of the US Dollar, you can gain valuable insights into broader market trends and sentiment, allowing you to make more informed decisions about your buy, sell, and trade management actions.

Whether you’re a day trader, scalper, or swing trader, this indicator can serve as a powerful tool in your arsenal, helping you identify potential opportunities and mitigate risks more effectively.

Indicator Settings

Short-term_SMA_period: This parameter indicates the duration of the short-term simple moving average.

Long-term_SMA_period: This parameter signifies the duration of the long-term simple moving average.

Conclusion

The Dollar Index (DXY) Indicator is a free and invaluable tool for forex traders of all skill levels. By providing clear, real-time insights into the strength and performance of the US Dollar, this indicator empowers you to make more informed trading decisions and enhance your chances of success in the ever-evolving forex landscape. Download the DXY Indicator today and take your trading to new heights.

Reviews (0)

Reviews

There are no reviews yet.

Be the first to review “Dollar Index DXY”

Your email address will not be published. Required fields are marked *

1 2 3 4 5
1 2 3 4 5
1 2 3 4 5

How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

Related products

MT4
Quick view
Add to wishlist

PZ ABCD Retracement

,
The PZ ABCD Retracement Indicator is a popular and free forex indicator for MT4 that helps traders identify potential trading opportunities by identifying the AB=CD harmonic pattern. The indicator automatically plots Fibonacci retracement levels to help traders identify entry and exit points. It works by scanning the market for the AB=CD pattern and drawing the necessary lines and levels. It can be used by both a novice and an experienced trader, making it a versatile tool for traders who want to improve their trading results.
MT4
Quick view
Add to wishlist

Half Trend Buy Sell

Half Trend Buy Sell MT4 Indicator - Precise trend signals with non-repainting arrows for forex trading. Optimal entries and exits. Amplitude, arrow, and alert settings are available.
MT4
Buy Sell Magi Indicator for MT4
Quick view
Add to wishlist

Buy Sell Magic

Discover the Buy Sell Magic Indicator for MT4 - Precise signals for trading, suitable for all skill levels. Clear buy and sell cues adaptable exit points. It is ideal for shorter time frames during volatile London and NY sessions.
MT4
Quick view
Add to wishlist

Qualitative Quantitative Estimation

,
The Qualitative Quantitative Estimation Indicator is a powerful tool for traders in the Forex market. It's a new and popular indicator that works with the MT4 platform. The QQE Indicator is used to determine market trends, identify overbought and oversold positions, and detect divergence in prices and momentum.
MT4
Quick view
Add to wishlist

MA Crossover Alerts

The MA Crossover Alerts Indicator is a popular and free forex indicator that signals potential trend changes by identifying when two moving averages cross each other. Indicator will generate an alert or notification to indicate that a potential trend reversal is imminent. It is easy to install and use, making it an excellent choice for both novice and experienced traders.
MT4
Quick view
Add to wishlist

Schaff Trend Cycle

,
The Schaff Trend Cycle indicator is a popular forex indicator for MT4, which determines market trends with high accuracy. Its values range from 0 to 100, with values above 75 indicating overbought and values below 25 indicating oversold. Whether you are a beginner or an experienced trader, the Schaff Trend Cycle indicator will help you make better trading decisions and improve profitability.
MT4
Quick view
Add to wishlist

Keltner Channel With Signals

,
The Keltner Channel with Signals Indicator is a popular and free forex indicator that runs on the MT4 platform. This is a new and innovative tool that uses the Keltner Channel as the basis for generating trading signals, helping traders identify potential trading opportunities. Use the Keltner Channel with Signals Indicator as a powerful tool that can help traders succeed in the forex market.
MT4
Quick view
Add to wishlist

Best Scalping

Master Fast-Paced Trading with the Best Scalping Indicator for MT4. The indicator will provide signals based on the configured parameters, allowing you to make informed decisions about your trades.