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[Music] hey guys queueing here today Im going to show you how to build your own currency index in trading view now the idea for building and currency index is it allows us to monitor how a currency is trending based on a basket of multiple pairs for that currency so when we look at a pair for example the euro dollar and we see its going up or down we dont really know what the wider context of that move is and what the currency index allows us to do so for example a euro currency index allow us to see how the euro is moving relative to the basket of multiple currencies so that means that if we can see on our currency index that the Euro is moving across the board up and that gives us a high probability when were trading euro pairs on the long side but of course we want to be trading with the momentum of the entire currency so what Im going to show you today is how to build the currency index for the euro and its actually pretty simple theres two ways to do it theres a simple wa