MultiPairTrend''
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This script is designed as a specialized visual tool for traders who want to monitor the broader movement of the US Dollar (USD) relative to several major global currencies simultaneously. Instead of looking at single charts one by one, this tool synthesizes data from multiple currency pairs into a single window to provide a "big picture" view of market dynamics.
How the Logic Works
1. Multi-Currency Data Gathering The script tracks six different currency movements against the US Dollar. Specifically, it looks at:
- Euro (EUR)
- British Pound (GBP)
- Australian Dollar (AUD)
- Swiss Franc (CHF)
- Japanese Yen (JPY)
- Canadian Dollar (CAD)
2. Calculating Momentum (The "Delta") Rather than simply showing the price of these currencies, the script calculates the change in their moving averages over a specific period. It compares where the average price was a few bars ago against where it is now. This helps smooth out "noise" and reveals the underlying direction of the market—showing whether a currency is gaining strength or losing ground relative to the USD.
3. The Synthetic USD Index One of the core features of this script is its ability to derive a combined value for the US Dollar. It takes the momentum data from all six currencies, combines them, and calculates an average. This provides a consolidated view of how the US Dollar is performing across the entire global market at once.
4. Visual Representation The logic outputs seven distinct lines on a separate window in your trading platform:
- Six individual lines represent the specific momentum of each currency pair (EUR, GBP, AUD, CHF, JPY, and CAD).
- A seventh line represents the aggregated "USD" calculation.
Summary for the User
By using this script, you are essentially viewing a "dashboard" of global currency strength. It allows you to see at a glance if the US Dollar is strengthening or weakening against multiple major economies simultaneously, making it easier to identify overarching market trends rather than getting distracted by the fluctuations of a single pair.
//+------------------------------------------------------------------+
//| MultiMA.mq4 |
//| Copyright © 2005, MetaQuotes Software Corp. |
//| http://www.metaquotes.net |
//+------------------------------------------------------------------+
#property copyright "Àëåêñàíäð Àðçóìàíîâ"
#property link "arzuma@helios.ru"
#property indicator_separate_window
#property indicator_buffers 7
#property indicator_color1 Red
#property indicator_color2 Blue
#property indicator_color3 Orange
#property indicator_color4 White
#property indicator_color5 Yellow
#property indicator_color6 Aqua
#property indicator_color7 Lime
double EUR,GBP,AUD,CHF,JPY,CAD,USD;
//extern string Curency = "EUR";
extern int PerAvr=34,Delta=3;
double Idx[],Idx1[],Idx2[],Idx3[],Idx4[],Idx5[],Idx6[];
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(0,Idx);
SetIndexStyle(1,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(1,Idx1);
SetIndexStyle(2,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(2,Idx2);
SetIndexStyle(3,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(3,Idx3);
SetIndexStyle(4,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(4,Idx4);
SetIndexStyle(5,DRAW_LINE,STYLE_SOLID,1);
SetIndexBuffer(5,Idx5);
SetIndexStyle(6,DRAW_LINE,STYLE_SOLID,3);
SetIndexBuffer(6,Idx6);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custor indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start()
{
int counted_bars=IndicatorCounted();
if(counted_bars<0) return(-1);
if(counted_bars>0) counted_bars--;
int limit=Bars-counted_bars;
for(int i=limit; i>=0; i--)
{
EUR=(iMA("EURUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("EURUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
GBP=(iMA("GBPUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("GBPUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
AUD=(iMA("AUDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i)-iMA("AUDUSD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta));
CHF=(iMA("USDCHF",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDCHF",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i));
JPY=(iMA("USDJPY",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDJPY",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i))/100;
CAD=(iMA("USDCAD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i+Delta)-iMA("USDCAD",0,PerAvr,0,MODE_LWMA,PRICE_CLOSE,i));
USD=-(EUR+GBP+AUD+CHF+CAD+JPY)/6;
//if (Curency == "EUR")
Idx[i] = EUR;
//if (Curency == "GBP")
Idx1[i] = GBP;
//if (Curency == "AUD")
Idx2[i] = AUD;
//if (Curency == "CHF")
Idx3[i] = CHF;
//if (Curency == "JPY")
Idx4[i] = JPY;
//if (Curency == "CAD")
Idx5[i] = CAD;
Idx6[i] = USD;
}
//----
//----
return(0);
}
//+------------------------------------------------------------------+
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