- October 6, 2018
- Posted by: Forex Wiki Team
- Category: Forex Trading System
What is USDLFX?
USDLFX is a currency index of US dollar formulated by LiteForex broker. It is an attempt to create an indicator for USD currency power. The idea has been further extended to other major Forex currencies. To my knowledge, these indices are not available on other brokers.
The expert advisor presented here creates offline LFX indices for those who use other brokers but would like to have LFX indices on their charts.
In order to use this EA, you need to attach it to an EURUSD chart of your selected time frame. Then select which LFX index you want the EA to create for you.
The EA will then generate the LFX index as an offline chart with the same time frame as you have attached the EA to the EURUSD chart.
Note: In the absence of history ticks data, it is not possible to reconstruct wicks.
--- Update 2017-01-26 ---
Version 1.42 released. In this version the EA automatically detects suffix of symbols.
--- Update 2018-07-13 ------
Version 1.48 released. In this version, the speed of calculating LFX bars from history data increased.
Note: THIS IS AN EXPERIMENTAL VERSION (beta). Please report any bug you may face in this version.