Installing and Configuring – EURX for NinjaTrader 8

General – getting started

The Euro Currency Index, or EURX as we like to call it, quantifies and displays strength and weakness of the single currency. As the index rises it suggests strength in the single currency against a basket of currencies. As the index falls this signals weakness in the euro.The Quantum EURX is calculated from a basket of four currencies with each currency having an equal weighting of 25%.

  • US Dollar
  • Japanese Yen
  • British Pound
  • Australian Dollar

The indicator can be used in one of three ways:

  • First, to identify and confirm strength and weakness in major and cross currency euro pairs, helping you get in, stay in and get out
  • Second, as a confirming indicator for the Quantum Currency Strength indicator, providing a perspective against other currencies
  • Finally to provide a relevant and consolidated view of the euro

The indicator plots strength and weakness of the euro as a candlestick chart in a separate indicator window when you attach it to the chart. In addition, there are two configurable simple moving averages to make chart reading easier.

Whether the single currency survives in the longer term, is one for debate. In the meantime, having a quick and easy way to view the euro and its performance against other currencies is key. The Quantum EURX indicator does just that -removing the hard work and presenting a chart which is simple and easy to read, and which provides and instant view of the euro and whether it is rising or falling, second by second and minute by minute. When used in tandem with the Quantum Currency Strength Indicator it is the closest you can come to having your own euro crystal ball!


Open your NinjaTrader platform and select a chart. We recommend that you choose a fast loading chart such as a spot currency major.

Right click the chart to bring up a menu which looks like the following image:

Select Indicators… which will open the following window. (Alternatively, you can open this window by clicking the Indicators button in the chart toolbar or by pressing Ctrl + I while focused on the chart.)

In the Indicators window, scroll down to the QuantumEURX indicator and click it to select the indicator. Once selected, click add in the Configured frame which will put it on the list of active indicators to be added in the chart.

Before clicking the OK or Apply button to complete, the indicator can be configured in several different ways to suit your own personal preferences and trading style. You can click the Apply button at any time, and this will apply any changes you have made to the indicator, without closing the window. This will allow you to see the changes you have made, and to modify again before closing with the OK button, or the Cancel button.


Due to the way data is delivered to the platform, the Quantum EURX indicator is limited to work only in time data series charts namely:

  • Second,
  • Minute,
  • Day,
  • Week,
  • Month, and
  • Year

If for some reason you attach the indicator to a chart other than the above data series, the indicator window will appear blank with a message at the bottom right hand corner as shown below:

Simply revert back to any of the supported data series mentioned in the message to restore output.


All of the user configuration is found on the right hand side of the Indicator window. These are the default setting when you first install the indicator to a chart.


LookBack – This parameter determines the number of bars the indicator displays, also as a way of conserving resources for slower machines.

MAPeriod1 – This is the period of one of the 2  simple moving averages running across the EURX. It is set to 14 by default and colored blue. Though this is the slower moving average of the two, you are free to set this to any other timeframe to suit your personal preferences.

MAPeriod2 – This is the period of the second simple moving average for the EURX. It is set to 7 by default and the default color is magenta. Though this is the faster moving average, you are free to set this to any other timeframe of your choice.

PriceType – This is the price type from which the 2 guiding moving averages are calculated.  You can either choose OPEN_PRICE, HIGH_PRICE, LOW_PRICE, or CLOSE_PRICE. By default it is set to CLOSE_PRICE.

Data Series

Input series – This shows the timeframe for the indicator and will be displayed according to the chart time.

Set up

Calculate – Please do not change this setting and leave as the default of On each tick.

Label – This is the label which will display on the chart once the indicator is attached.

Maximum bars look back – This is the maximum number of bars in the look back for the indicator. We suggest you leave this as the default of 256 as it is memory friendly.


Auto Scale – Do not change this setting and leave this as the default of True (checked).

Displacement – Do not change this setting and leave this at the default of 0.

Display in Data Box – We suggest you leave this at the default of True (checked).

Panel – this specifies the panel number where the indicator will appear. We suggest you leave this as the default of 2.

Price Marker(s) – Please do not alter this setting and leave as the default of True (checked).

Scale Justification – Please do not alter this setting and leave as the default of Right.

Visible – this shows or hides the plots of the indicator. Please leave it checked to make the indicator visible.


This is where you can change various properties of the indicator’s plots:

  • MA1 – the plot for the first moving average
  • MA2 – the plot for the second moving average

A list of plot styles or properties will be shown to you by clicking the arrow graphic besude the plot for you to customize the appearance of the plot to your liking:

  • Color – the default for MA1 is DodgerBlue while the default for MA2 is Magenta
  • Dash style – the default for MA1 is Dash while the default for MA2 is Dash Dot
  • Plot style – the default for both plots is Line
  • Width – the default for both plots is 2

Once you have made any changes to the settings for the EURX indicator, left click the OK button to complete and update the indicator.

Resizing the indicator

When you first apply the Quantum EURX indicator to the chart the indicator window may need resizing, and below is an example of how the indicator may look with no option changes applied and the default white background of a NinjaTrader chart.

In order to resize the indicator to the maximum height, hover over the horizontal line which separates the chart from the indicator, and you will see a small icon displayed of a solid  black line with an arrow above and below. Once this appears, then left click HOLD and drag to resize the indicator window. Your Quantum EURX indicator will then look like this:

Removing an indicator

These are the steps to remove an indicator from a chart:

Right click on the chart then select Indicators from the menu. Select QuantumEURX from the Configured frame and click remove. Click OK to confirm and the indicator should be unloaded from your chart.