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[Free] USD Index

100%
by Bob R.

Free Bid-Ask Display And USD Index Tools From ninZa.co: A Trader's Must-Have

ninZa.co has something for every trader including forex. Two of their tools I use daily are Bid/Ask Display and USD Index. Both are FREE tools from ninZa.co. Thank you ninZa.co! Bid/Ask Display can be used in the NT8 Market Analyzer as well as on charts. The key to using it is to watch the spread and not enter when the spread is wider than normal, like when the day rolls over and when money flows from one-time zone to another. Now for USD Index, it is a synthetic dollar index composed of the USD pairs on your forex feed. It compares favorably with the dollar index on Kinetic feed and with the ICE (intercontinental exchange). The key to using USD Index is you will need a licensed NT8 so you can connect to multiple feeds simultaneously. For example, my NT8 connects to Rithmic, Forex.com, and Kinetic simultaneously. The value of USD Index is in its correlation and anticorrelation relationship with Forex USD pairs, Gold, Crude Oil, and Equity indexes. Do a google on dollar correlations and you will find some profitable clues to monitor. Make some forex charts with USD Index indicator applied. It can be put in a subgraph or overlaid it on the pair price data, but assign it to the left scale and forex data on the right scale. Then watch for congruent trends when the USD is the base (USDJPY) and anti-congruent trends when it isn't the base as in EURUSD. Watch for the turning points. The dollar index trend relationship isn't exactly 1 to 1, and it can be leading or lagging, so wait for the synchronicity.

main product photo
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Description
This indicator requires a currency data feed. You can get a FREE one from ninjatrader.com/FreeLiveData.

USD index generally has an excellent inverse correlation to risk assets like stocks or commodities. Therefore, the index can be used as an awesome confirming indicator for trading decisions.

USD index is calculated based on the spot currency rates of 6 top input pairs. It updates realtime with every beat of the market.

Our indicator produces the same realtime value as CNBC. A very slight difference results from the use of different data feeds.

Please be informed that the indicator requires a significant loading time, because it adds the data from the 6 top input pairs. Testing with our preferred data feed Kinetick shows that the average time to load this indicator on a minute-based chart (5 days of data) is approximately 7-15 seconds. Please be patient!

Key features:
  • Plot USD index to the highest accuracy
  • Let you optionally smooth the plot with one of 9 popular moving-average types
  • Colorize the plot based on its slope (rise or fall)
Compatibility:
  • Instruments: futures, stocks, indices
  • Interval types: timebased only (second, minute, day, week, month, year)
  • Chart styles: whatever

Software Changelog

  • 25 Oct 2018 - The indicator was re-exported to be compatible with recent changes of the platform; the toolbar menu was removed.
  • 02 Sep 2016 - Setting groups were reordered; the indicator was re-exported to be compatible with recent changes of the platform.
  • 12 Aug 2016 - The indicator was released (converted from its NT7 version).
  • 15 Oct 2014 - The indicator was released.
Review
  1. product_image [Free] USD Index $$
    5 5

    100%

    ninZa.co has something for every trader including forex. Two of their tools I use daily are Bid/Ask Display and USD Index. Both are FREE tools from ninZa.co. Thank you ninZa.co!
    Bid/Ask Display can be used in the NT8 Market Analyzer as well as on charts. The key to using it is to watch the spread and not enter when the spread is wider than normal, like when the day rolls over and when money flows from one-time zone to another.
    Now for USD Index, it is a synthetic dollar index composed of the USD pairs on your forex feed. It compares favorably with the dollar index on Kinetic feed and with the ICE (intercontinental exchange). The key to using USD Index is you will need a licensed NT8 so you can connect to multiple feeds simultaneously. For example, my NT8 connects to Rithmic, Forex.com, and Kinetic simultaneously.
    The value of USD Index is in its correlation and anticorrelation relationship with Forex USD pairs, Gold, Crude Oil, and Equity indexes. Do a google on dollar correlations and you will find some profitable clues to monitor. Make some forex charts with USD Index indicator applied. It can be put in a subgraph or overlaid it on the pair price data, but assign it to the left scale and forex data on the right scale. Then watch for congruent trends when the USD is the base (USDJPY) and anti-congruent trends when it isn't the base as in EURUSD. Watch for the turning points. The dollar index trend relationship isn't exactly 1 to 1, and it can be leading or lagging, so wait for the synchronicity.

These testimonials may not be representative of the experience of other users or customers and do not guarantee future performance or success.

Benefits

  • For just a one-time payment, you will get:

  • PREMIUM product with meticulous dev & design

  • LIFETIME license, without any hidden fees

  • FREE exchange within 15 days

  • FREE world-class support, for life

  • FREE upgrade for NinjaTrader 8, for life

  • FREE access to our self-served licensing system

  • FREE remote assistance if you cannot install yourself


  • Why ninZa.co ???

  • Integrity & reliability

  • 30,000+ users worldwide

  • 150+ indicators & packages

  • 450+ reviews with 5 stars

  • 10 years in the business

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INSTALLATION

Please read Installation Guide for details.

SUPPORT

FREE support for life! Feel free to ask us anything, anytime.
On NinjaTrader 8, you even have access to our PRIORITY SUPPORT directly from charts.
Please read Customer Service for details.

SOFTWARE UPGRADE

All software upgrades for NinjaTrader 7 are absolutely FREE of charge.
All software upgrades for NinjaTrader 8 are absolutely FREE of charge.
A one-time low fee may be required for an upgrade from NinjaTrader 7 to NinjaTrader 8.
Please read Upgrade Policy for details.

TERMS

ALL SALES ARE FINAL & NON-REFUNDABLE!
Because software products may be copied and stored easily, we will NOT issue refunds of any kind.
Upon purchasing this software, you agree to be bound by Terms of Service.

Various types of trading software products, all under one roof!
Please check out our NinjaTrader 8 indicators to find ones that fit your needs.


Why ninZa.co?

Lifetime Benefits
  • Lifetime licenses
  • Lifetime upgrades
  • Lifetime support
With one-time payment, you receive all these perks without any hidden fees.
Great Value for the Price
  • Prices below market averages
  • Premium-grade indicators
  • Lifetime after-purchase assistance
Affordability doesn't compromise the essential, excellent, and elegant qualities that define our products.
One-stop Shop
  • 150+ indicators of various types
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Discover all essential indicators in one convenient location, and enjoy ongoing attractive discounts.
Premier Vendor
  • 30,000+ worldwide users
  • 10 years in the industry
  • Among top NinjaTrader 8 vendors
With our extensive experience, we have the industry skills and know-how to craft high-quality indicators.
World-class Support
  • Remote desktop assistance
  • Live chat support
  • Email assistance
Our dedicated team are committed to promptly addressing all your inquiries within 24 business hours.
Risk-Free Shopping
  • 15-day exchange
  • Straightforward process
  • No additional fees
Rest assured, our exchange program ensures your purchase is fully protected.