What is the formula to create Currency index (8 currencies of equal weighting) in Create Custom Symbol?
I would like to create custom synthetic instruments similar to the currency indexes such as USD index, but giving EQUAL weighting to each of the 8 currencies (USD, EUR, GBP, CAD, CHF, JPY, AUD, NZD). Can someone give a step by step guide to do this, including the formula required? Thanks in advance.
- Correct calculation of currency indices.
- Machine learning in trading: theory, models, practice and algo-trading
- Finding the Natural Relationship of Currencies
Currency Strength Index (CSI)
- www.mql5.com
Trading the STRONG against the weak ! The Currency Strength Index (CSI) is a technical indicator to chart the strength momentum of the 8 major currencies. (EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY) The indicator is based on mathematical decorrelation of 28 cross currency pairs. It uses the percentage difference in Linear-weighted averaging (LWMA...
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