Click to tweet ->

A while ago we posted about the ICE Dollar Index going EOD due to ICE regulations, and intro of the DJ FXCM Dollar Index.

David Rodriguez, a popular analyst and the senior strategist for @DailyFX, shared an insightful post that compares the ICE DXY Index and the Dow Jones FXCM USDOLLAR Index. Below is his analysis (opinions are his own).

What are these indexes?

The goal of any dollar index to to assess how the US Dollar is doing overall as a currency. One of the most popular symbols today is the Dollar Index by ICE – denoted as the DXY. Dow Jones and FXCM developed an alternative to the DXY with a different formula. It’s a newer and relatively simpler take based on just four popular currencies to contend with the arguably outdated and more complex ICE DXY formula.

How each index is calculated

The ICE Index is geometrically weighted on international trade data. The geometric weighting means that relative currency hedges change by the value of the index— which makes it costly for market makers to hedge and make markets on appropriately. The outdated weights mean that it’s essentially an inverse Euro chart.



The DJ FXCM Index is arithmetically weighted using values from January 1, 2011—well-after the inception of the euro. It’s designed to mimic actual USD-long positions vs the AUD, JPY, GBP, and EUR. It’s substantially easier to make markets on and continue to see growing use—both from market makers and users.

Calculation & Movements

ICE US Dollar Index construction is rather difficult and could be confusing for some traders. The geometric averaging means that a Euro move from $1.05-1.10 carries less weight than if it moves from $1.10-1.15, when in actuality the percentage move was greater in the first case. Further it’s important to note that the relative weights were set in 1973 according to trade weights; the Euro carries an approximately 60 percent weight in the index at any given moment.

The DJ FXCM US Dollar Index makes use of a more straightforward methodology based on 4 currencies in equal amounts – AUD, JPY, GBP, and EUR at 25% each. That Euro move from $1.05-$1.10 has the same impact as the move from $1.10-$1.15 as it simply tracks the value of holding individual positions. Instead of controlling four different positions and tracking moves in each currency, however, the trader can hold just one position open and watch the US Dollar’s performance at a glance.


The ICE index is more traditional and a habit to watch for a lot of people. At the same time it’s important to have a complete understanding of what it means and how it’s calculated. If you don’t, read up, or use something you understand.

DJ FXCM Index is a simpler and arguably more modern take on how to best calculate how the US Dollar is doing against the world currencies. It’s equally weighted in the 4 popular currencies, and is simple to understand.

Which one works best for you? You decide.

Ending support for MtGox

MTGOX exchange is bankrupt and we are ending support for symbols from them.

On the bright side, TradingView supports many other awesome cryptocurrency exchanges, check them out!

  • 796


  • Bitfinex

  • BitMEX

  • Bitstamp

  • BitVC

  • BitYes

  • BTC-E

  • BTCChina

  • Bitcointoyou


  • Coinfloor

  • FoxBit

  • GoCio

  • HitBTC

  • Huobi

  • itBit


  • Kraken

  • Mercado

  • meXBT

  • Okcoin

  • The Rock Trading

  • Xcoin

Our community is growing and becoming more professional with corresponding increased number of ideas posted every day. Moderators are making great efforts to ensure the content stays useful.

We updated our House Rules to reflect this growth, making them clearer and removing ambiguities. We also added examples to each rule. All authors should make sure to read them and note the best practices to get ideas Suggested and gain more exposure.

Especially we’d like to point out that now any logos / websites / company names cannot be on the chart itself. All links to websites / materials should be at the end of the description. That makes ideas easier to understand and clearer. Links in the description are clickable, unlike when posted on the chart, which is a nice plus.

CLICK  TO TWEET – pretty please with sugar on top :)

If you have a website with charts, you should be using our free data & chart widgets. They are trusted by the Chicago Mercantile Exchange Group and Investopedia, so you are in good company.

Cutting edge tech, tons of data and they are free of charge. And now the Advanced Widget is available in a bunch of new languages, in addition to default English.

How to use:

Select the desired language in the drop down, the locale parameter will change to the new language. Copy and paste the embed code into your site. Enjoy!

Available languages – how it looks:


Translation HELP NEEDED!

Far from everything is covered for all languages  – we need your help to make it pretty. If you can pitch in with a few words of translation and share your wisdom, please email and we’ll set you up as a translator. Your help is much appreciated!

We recently had to change the DXY (Dollar Index) symbol to End of Day only. The ICE exchange owns this symbol and requires redistribution and exchange fees to display delayed and real-time, both from the company and users.

We are working on getting a replacement, in the meantime please use the USDOLLAR symbol instead for now – it’s a CFD symbol from FXCM.

You asked and we listened. The new 3 chart layout is here:

You can find it among the other layouts if you click the “Select Layout” button on the top panel:

Stay tuned for more improvements!

Transparency for all color settings

Now the transparency bar is available for every color parameter when picking a color, so you can change transparency of any object. Please note that it also affects those parameters, which had a separate scroll bar for transparency. Here is a transparent Polyline drawing for example:

Publish idea with multi chart

We have changed default publishing settings. Now if you have multiple charts layout, all these charts will be published by default. To publish only one (active) chart, please configure the idea before clicking “publish”:


The indicator “Pip Foundry – Lunar RSI” was removed from the Pip Foundry add-on package, though it is still available on your charts.

Two other indicators were added:

  • Pip Foundry – MOMCD

  • Pip Foundry – Sensitive Trend

Now you have even more tools for analysis within the same package!


This Tuesday, July 28, at 6:00 PM CEST (12:00 PM EDT) EXANTE and TradingView are hosting an exclusive webinar with Zec Choo – a skilful trader who is passionate about sharing his trading ideas on price breakouts in stocks, FX and other financial instruments. Join us now because we promise it will be rewarding and informative.

Zec Choo is a CMT (Chartered Market Technician) level 3 charter holder that focuses on breakout trading ideas, that guides you on potentially capturing significant price movements.

During the broadcast you will be able to:

  • get acquainted with Zec’s trading experience,
  • discover how to spot breakouts,
  • prepare a concise watch list of potential breakout candidates,
  • get to know the latest news from EXANTE and TradingView.

Check out Zec’s TradingView profile

Want to share your trading ideas with Zec? Don’t miss your chance and sign up now!

Webinar will be hosted by Maria Goncharova, representing EXANTE company. TradingView will be presented by Stan Bokov, company’s COO.


This digest bringing you some of the top Trading ideas every week- generated by users, picked by analysts. Actionable, easy, useful. Now you will be able to see the most exciting ideas even if you don’t have enough time to look for them on TradingView. If you’d like your idea to be a part of the digest, please follow our House Rules when publishing an idea.

Picks From Community Top Authors

Australia May Resume Trend By Technician


Promising Trades and Insightful Analysis

XAUUSD-Decisive moment-Trading the ZigZag By FullTimeTrader 

14 Year Trendline on AUD/USD Monthly Chart Soon To Be Tested By aceofswords

SPY & VIX after spike of 5 points By timwest
USDJPY: CALL ME CRAZY but despite structure I’m looking long By Akil_Stokes 
EURGBP: Buy above the high By IvanLabrie 

In Scripts and Custom Indicators

Vdub FX SniperVX2 Color v2 By vdubus

Tuesday, July 21, at 6:00 PM CEST (12:00 PM EDT) EXANTE and TradingView are hosting an exclusive webinar with Jerremy Newsome, an experienced trader and CEO of, company that is changing the industry standard on stock market trading and education. During the webinar Jerremy will introduce you to his trading strategies and types of indicators that he uses on a daily basis. Join us now because we promise it will be rewarding and informative. Have a sneak peek at our promo video and see it for yourself!

Jerremy Alexander Newsome has been professionally involved in the markets for over 6 years. He likes to focus and specialize on candlesticks, gaps, credit spreads, day trading and swing trading.

During the broadcast you will be able to:

  • get acquainted with Jerremy’s trading experience,
  • discover what types of technical indicators he uses,
  • get to know the latest news from EXANTE and TradingView.

Check out Jerremy’s TradingView profile

Want to share your trading ideas with Jerremy? Don’t miss your chance and sign up now!

Webinar will be hosted by Maria Goncharova, representing EXANTE company. TradingView will be presented by Stan Bokov, company’s COO.


The free Charting Library has become a popular B2B solution for more than 500 companies currently using it. The community is growing fast! We put significant effort into making this release the best one yet, so you can enjoy even better and stable charting experience. For those wishing to remove our logo, contact for commercial details.

Stable Version (1.2)

A version for users where stability is the primary concern (not all most recent features are included).

Comparing to the previous Stable version, here’s what we improved:

Significant Stability Testing
Main efforts went into fixing bugs or removing some error-prone mechanics to make the charts more stable. We fixed a few rare cases when wrong bars were building and some issues with time scale. We got rid of extrapolation errors by completely rewriting this mechanic (which also made charts much faster). You can see the full list of fixed issues on our GitHub.

Improved Performance
We optimized code to consume less memory and work faster than ever before.

Even More Customization Abilities
The Charting Library chart became much more customizable. We added new API calls to fit most needs. Now you can make the Charting Library into either an ultra-powerful tool for technical analysis or a simple area chart for beginners, or anything in between.

  • Here is a short list of the most popular improvements:
  • widget.createShape(): define a style of a drawing
  • widget.setChartType() method added
  • widget.createButton() now allows assigning button alignment
  • top toolbar is collapsible now
  • a dozen new timezones added
  • ability to set default favorited chart types/resolutions added
  • … see the full list on our GitHub log

Lean History Requests
The Library now attempts to avoid requesting the same data twice. If user scrolls to the left, only new data is requested (not all data, like in the previous version).

Unstable Version (1.3)

A version for users where most recent and cutting-edge features are a priority. This version has all the features, but could be a bit less stable than the Stable version.

Unstable version includes all functionality from Stable, and has a tasty feature that users were asking for – Study Templates.

Study Templates
A Study Template is a set of studies along with their input values and color settings. This set is saved without being tied to the specific symbol, so you can create and set up you favorite studies once, and then just apply to any symbol with one click. We improved the open-source Charting Library backend to support this feature, now you can use it out-of-the box.


Paper trading is launched for all users in a public beta mode! Since it’s beta, please report any issues to help us make it better.

Paper trading (also known as simulated trading) lets you trade with “fake” money and practice buying and selling securities. Everything is technically just like trading with real money, just without the risk. We built a system tracks your orders and you can see how much Profit or Loss (PnL) you have on your account, and gauge how good you are at trading!

In the near future we may add connections to market brokers, so that you can take real action on the trading ideas that you get once you are ready.

Main functionality

Start by logging in to use paper trading. By default your account balance is $100,000, which you can reset at any time.

The chart now has a floating “buy/sell” panel that lets you quickly enter orders. You can buy any security that actually trades (i.e. indexes don’t trade, they have corresponding ETFs instead).

The “buy/sell” panel can be hidden by right-clicking and choosing Hide. The hidden panel can be restored from chart settings, the Trading tab.

Another way to enter orders is to right-click the chart at the desired price. Orders can then be modified by dragging them up or down.

Chart settings let you configure how orders and positions are shown (order placement arrows, lines, etc)

The Trading Panel is at the bottom of the chart. It has a list of open positions and orders. You can configure to show only active ones, or show all.

After reloading the chart, inactive orders are automatically deleted.

Editing/closing/cancelling orders can be done directly on the chart.

or in the Trading Panel



Trading History and Journal tabs provide more info – accessible through trading panel or right-click.

Reset the account at any time. After a reset all order history and balance are restored to default values. Reset is in the account settings.

We added a new feature: it is now possible to configure a drawing to be displayed on particular intraday and daily timeframes of your chart. For all weekly and monthly timeframes you can select either to show it, or to hide. Those settings can be found on the “Visibility” tab in drawing’s properties window:

You can also save the visibility configuration as a template to apply it to another chart

We have added a new feature that allows you to jump to a particular bar by means of “Go to Date” dialogue:

Select a particular date (and time) and click “Go” – the chart will show the specified bar and highlight it.

If there is not enough historical data to show the requested bar, the first available bar will be marked with a red label.

If the requested bar is absent for a reason, the closest right hand bar is highlighted.

You can call the dialogue window by clicking “Go to …” button on the bottom toolbar or by pressing ALT+G combination on your keyboard.

AOS FX Primer has become FOT (Forex On Toast)

The add-on “AOS FX Primer” has been renamed into “Forex on Toast”. Corresponding subscriptions are also renamed automatically. Nothing else is changed.

New indicator package – Pip Foundry Indicators

With Pip Foundry Indicator Suite a glance at the chart is all you will need to understand market strength and direction. You will receive a full set of price action and quantitative/mean regression analysis indicators. Training is hosted via the Pip Foundry Trading Room on a regular basis for new and veteran traders alike to discuss the market. Our number one goal is to keep you confident in your execution and stay in the mindset of trading with the trend.

With Features Such As:

  • Bars Colored Based On Trend And Momentum Analysis

  • Dynamically Trended RSI And Momentum Indicators

  • Price Action Based Support And Resistance Levels

  • Real Time Trend Divergence Alerts

  • Volatility Channel Colored Based On Instant Trend Analysis

  • Plus Other Professional Tools To Assist In Meeting Your Equity Goals

Our mission is to provide easy to use tools that help you understand market dynamics and exceed your equity goals by providing actionable trading signals on all markets at all time frames.

Our users have written amazing codes on Pine Script Language, which can be accessed right from your chart by clicking “Indicators”:

At the moment Public Library has over 1 500 codes, which are free for every user of TradingView. Most of them have multiple outputs. We have added the parameter “editable” as a matter of convenience.

Attention! Default value of the parameter is “false”.

If configuring style of a study is necessary, please add “editable=true” argument to particular functions. Example:

study("plots with editable example")
plot(close, editable=true)

The argument “editable” contains the following functions:

  • plot,

  • plotshape,

  • plotchar,

  • plotarrow,

  • plotbar,

  • plotcandle,

  • barcolor,

  • bgcolor,

  • hline,

  • fill.

You can read more about Pine Script Language in the Pine Script Tutorial and in the Pine Script Reference.

Drawings Improvements

We have returned “Manage Drawings” tab to the “Object Tree” dialogue window, though it looks slightly different:

Now it is easier to see how many drawings are applied to particular symbols and remove them one-by-one or all at once.

One more thing: if your chart layout has too many drawings, you will see a warning message on loading it. You can either ignore the message, or remove all drawings that are not needed. It will improve performance: 

Publishing Improvements

Publishing private charts has become move convenient: simply choose “Publish Private Idea”:

Besides, now you can see stats on views, likes and comments right on “My Ideas” tab:

Stay tuned for more improvements!