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.

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Automatic translation by Google below^_^

I find GBPIndex very useful. However, there have been few deals on GBP. If possible, please make an indicator like EURIndex or USDIndex, and if you can publish it, thank you very much.
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