Indicator developed to paint visual lines of 6 USDXXX pair at USDCAD chart with average white line of DXY (USD index):
We can setup up to StartPoint=1000 bars back where indicator connect all pairs in one line and after this line calculate difference in pip between pairs and average line DXY of all 7 USDXXX pairs. If USDXXX=true indicator will reverse all XXXUSD pair and lines of this pairs into USDXXX. In this way ints more clear see reaction of all USDXXX pairs at USD or Dollar or DXY at news and e.t.c
It can be used at any TimeFrame to dedicate reaction of USDXXX pairs at DXY. Find entries for trend and retracement at any USD pair.
Here example how we trade XAUUSD using this indicator: 1) JPY and XAU very correlated. If JPY go up XAU also go up! 2) if USD go down – XAUUSD go up. if USD go up – XAUUSD go down. 3) To have a signal SELL at XAUUSD we need: DXY at indicator show positive move up at last 2-3 bars, USDJPY must also have positive move at last 2-3 bars up (0=current bar, 1=previous bar, 2=preprevious bar lines of indicator), best if USDJPY most Upper pair in indicator. 4) To have a signal BUY at XAUUSD we need: DXY at indicator show negative move up at last 2-3 bars, USDJPY must also have negative move at last 2-3 bars up, best if USDJPY most Lower pair in indicator. 5) See step by step in our Telegram channel how we made 1300% profit in 2 days of trading using only 1-2 hours per 1 day from this post: https://t.me/profitFXPIPs/2586 6) To Open and Close fast multiply orders at one pair use Mobile version of MT5. For now this is Betaversion of ndicator. Maybe later we will evalutre it into EA.
The Story of Creation this tool and first trading at real 1) We created indicaotr that paint vertical lines in pips between 2 pairs EURUSD + GBPUSD. Here you see red lines below EURUSD it means that GBPUSD below EURUSD at history from calcualted bar. At current bar GBPUSD – 4.7 pips below EURUSD:
Here at current 0 bar you see blue lines higher EURUSD it means GBPUSD higher EURUSD at history from calcualted bar:
Then i decided to add all other 7 USD pairs differences in pips at current chart and delete vertical lines. just use horisontal lines values and post in Text PAIR +- pips near every line at the end:
Then i understood that need to add parameter of convertation XXXUSD into USDXXX for see at each USD_pair reaction from USD :
At the same time USDXXX = false also works :
Finally we added Average line of all USDXXX 7 pairs = DXY white fat line (Dollar Index):
First trades at Real with XAUUSD! 100% accurracy near news at USD:
Here USD not moved but XAUUSD grow up… it happens when investors saw Green USD at News but USD not wanted move up so they invest in XAU… But finally we closed Sell orders in pluss after such “scam moves” – this indicator showed this also.
It Show all usd pairs as XXXUSD + paint average line 1/DXY . It means now indicator have positive correlation with XAUUSD.
If all UP and 1/DXY UP = XAUUSD UP = easiesr to undewrstand:
This Soft is FREE TO PLAY for our CLIENTS that Purchased EA MPGO MT5All Real accounts that posted at Forum already activated! Free Demo Test also available till end of Summer 2024