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The Charting Tool You Wish You Had Sooner...
Having this tool apart of your charting platform gives you the ultimate trading advantage. You will know the value of any major currency relative to all other prominent foreign currencies, giving you a massive edge!
Download FREE Currency Indexes Why use indexes?
The only currency index widely used amongst retail Forex traders is the dollar index. Meanwhile, institutional traders have an index for every currency! They use these indexes to have a intraday understanding of how each currency is performing( no need for heat maps)ย . This gives them the ability to compare and contrast what currencies they want to match together in a currency pair. This will be a new way of trading for many of you, but very powerful nonetheless.
- Gives complete visual of what is happening on every currency individually
- Allows you to compare and contrast the strength or weakness of each currency
- Gives you the first opportunity to catch moments of economic divergence
What to do with them
Simply copy and paste each currency index into TradingView and create your currency index watchlist!
If you would like to learn how our traders build highly profitable trading strategies with our currency indexes, consider joining our trading University, click here