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Base or Counter Currency


This object was created by Tom Huggens on March 31, 2010. Base or Counter Currency is a Trading Indicator.
The coding of this method needed 10 lines.
The Forex function is called 'isbase' and it is developed using JScript.Net language.
It allows one variable. The argument is:
Currency (Type: String - Default Value: USD): Currency (1 if it is the base currency, -1 if it is the counter currency)

Example:
p = isbase("USD");

Here is how to display the function on a chart:
Plot(isbase("USD"), "Base or Counter Currency", colorRed);

Future and Past Bars:
The function does not require future bars. It necessitates no past bars.

Click on this link to download Base or Counter Currency

Search terms used to find this trading item include base and counter currency, base and counter of currency, countercurrency

The trading object is saved under the following categories: Forex Market

Trading Indicators: (Forex Market)
Economic events surprise

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Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.