US Dollar Index for MT4 - the best way to evaluate the dollar
The US Dollar Index is one of the most followed trading indices, based on which traders try to predict the future development of the value of the US dollar, which is what makes it so popular.
Thanks to this indicator, traders defacto get not only the possibility of "extending" it with another instrument, but in addition, its values can always be kept in sight within any currency pair.
- US Dollar Index
- User difficulty: Medium
- Usability: Forex, Commodities
- MetaTrader 4 Compatibility.
- Free indicator updates
Trading with the indicator
The USD index is an instrument that reflects the value of the US dollar (the red line on the chart below), which means that if this index is falling, then usually its value against the world's leading currencies is also falling. For example, a fall in the USD index usually means that the price on the EURUSD currency pair is rising and vice versa.
Download the USD index from the button below
Do you need help with installing this indicator into MT4 for Windows or Mac OS? Our guide HERE will help you.