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GBPIndex

FX_Baba Updated   
Trend Analysis Moving Averages GBPUSD gbpindex GBPJPY GBPAUD GBPCAD
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trendanalysis movingaverage gbpusd gbpindex gbpjpy gbpaud gbpcad
GBP Index based on a basket of the following currencies

EURGBP, 49%
GBPUSD, 18%
GBPJPY, 3.4%
GBPCNH, 9.0%
GBPCHF, 3.2%
GBPCAD, 1.4%
GBPAUD, 1.4%

Use this index with a moving average to determine when to go long or short on GBP pairs, except for EURGBP. If index above Moving Average you have the green light to open Long positions. If below Moving Average you have green light to open Short positions.

For EURGBP you would open Long if index is below moving average and open Short when index is above moving average
Release Notes:
Added a SMA as signal
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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