The currency index represents the change in one currency by reference to all other
foreign currencies. The index is calculated by taking the average of the variations
in one currency by reference to the others. Represented in graphical form, it allows
for easy visualization of the individual trends in each currency.
The index of the currencies is a simple arithmetic average of the variation in each pair.
For each index, to have fixed the value 100 on 1 January 2000.
foreign currencies. The index is calculated by taking the average of the variations
in one currency by reference to the others. Represented in graphical form, it allows
for easy visualization of the individual trends in each currency.
The index of the currencies is a simple arithmetic average of the variation in each pair.
For each index, to have fixed the value 100 on 1 January 2000.
//////////////////////////////////////////////////////////// // Copyright by HPotter v1.0 04/07/2014 // The currency index represents the change in one currency by reference to all other // foreign currencies. The index is calculated by taking the average of the variations // in one currency by reference to the others. Represented in graphical form, it allows // for easy visualization of the individual trends in each currency. // The index of the currencies is a simple arithmetic average of the variation in each pair. // For each index, to have fixed the value 100 on 1 January 2000. //////////////////////////////////////////////////////////// study(title="Currency Index USD", shorttitle="Currency Index USD") Start_USDEUR = input(0.9930, minval=0) Start_USDCHF = input(1.5902, minval=0) Start_USDGBP = input(0.6182, minval=0) Start_USDJPY = input(102.21, minval=0) Start_USDAUD = input(1.5237, minval=0) Start_USDCAD = input(1.4455, minval=0) Start_USDNZD = input(1.9113, minval=0) USDEUR = (1 / security("EURUSD",period, close) * 100) / Start_USDEUR USDCHF = (security("USDCHF",period, close) * 100) / Start_USDCHF USDGBP = (1 / security("GBPUSD",period, close) * 100) / Start_USDGBP USDJPY = (security("USDJPY",period, close) * 100) / Start_USDJPY USDAUD = (1 / security("AUDUSD",period, close) * 100) / Start_USDAUD USDCAD = (security("USDCAD",period, close) * 100) / Start_USDCAD USDNZD = (1 / security("NZDUSD",period, close) * 100) / Start_USDNZD CurSum = (abs(USDEUR) + abs(USDCHF) + abs(USDGBP) + abs(USDJPY) + abs(USDAUD) + abs(USDCAD) + abs(USDNZD)) / 7 nRes = 100 - CurSum plot(nRes, color=blue, title="Currency Index USD")