Canadian Dollar Currency Index updates in real time and doesn't close like tradingview.com's currency indexes. Based off of the Bank of Canada's CEER methodology and tracks it quite closely, although not perfectly. It seems to be higher than the Bank of Canada's index by 2 points. This could be due to using different data for the currencies and as I am not...
This script uses information of the principal CAD pairs to create an Index:
(X). We can see a difference between the CAD INDEX force that has decrease a lot and it means that CAD will raise again, making AUDCAD to go down
(Y). The AUDCAD chart has problems with it trend but we can be more confident about the trend if we look at the CAD INDEX trend were we can...
Arrow represent trade setup
Circle represent triggering of the trade
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1. Where to place stop loss?
2. Where to exit the trade?
3. How to protect gains in your trade?
4. How to apply money management rule?
5. How to trade gap opening?
