PipTick money index is a really useful tool which displays any index of this eight major currencies. The index uses a unique calculation formula that displays the real volume of the Forex market. actually, this is a calculated average of the values of currency pairs, which form the junction of the index currency. By default, the weight is based on the results of the BIS Triennial Central Bank Survey. from this regard, the trader can see the weakness and strength of each currency.

Note: If the indicator is used in the strategy tester (demo version), please bear in mind that data for all currency pairs must be downloaded from the Quote Archive before starting the simulation (