OPEN-SOURCE SCRIPT
DXY vs GOLD Equilibrium Oscillator
This script builds a relative-value oscillator between:
DXY = US Dollar Index
Gold = XAUUSD
Since Gold and DXY often move inversely, the script tries to measure whether:
Gold is acting too strong relative to DXY
Gold is acting too weak relative to DXY
Or both are in a more balanced “equilibrium”
It does not predict price by itself.
It is a context / bias tool.
Think of it like this:
If Gold is much stronger than where DXY suggests it “should” be, the oscillator rises
If Gold is much weaker than where DXY suggests it “should” be, the oscillator falls
So the script is essentially asking:
“Compared to the dollar, is gold stretched high, stretched low, or near fair value?”
The script converts both DXY and Gold into a normalized score from 0 to 100 based on their own recent 100-bar range.
Example:
If over the last 100 candles:
Gold’s lowest price = 3000
Gold’s highest price = 3100
Current price = 3075
Then Gold is near the upper part of its recent range, so its normalized value might be around 75.
The same happens for DXY.
Why do this?
Because DXY and Gold trade at completely different price scales.
DXY might be around 100
Gold might be around 3200
You can’t compare raw prices directly.
DXY = US Dollar Index
Gold = XAUUSD
Since Gold and DXY often move inversely, the script tries to measure whether:
Gold is acting too strong relative to DXY
Gold is acting too weak relative to DXY
Or both are in a more balanced “equilibrium”
It does not predict price by itself.
It is a context / bias tool.
Think of it like this:
If Gold is much stronger than where DXY suggests it “should” be, the oscillator rises
If Gold is much weaker than where DXY suggests it “should” be, the oscillator falls
So the script is essentially asking:
“Compared to the dollar, is gold stretched high, stretched low, or near fair value?”
The script converts both DXY and Gold into a normalized score from 0 to 100 based on their own recent 100-bar range.
Example:
If over the last 100 candles:
Gold’s lowest price = 3000
Gold’s highest price = 3100
Current price = 3075
Then Gold is near the upper part of its recent range, so its normalized value might be around 75.
The same happens for DXY.
Why do this?
Because DXY and Gold trade at completely different price scales.
DXY might be around 100
Gold might be around 3200
You can’t compare raw prices directly.
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
开源脚本
秉承TradingView的精神，该脚本的作者将其开源，以便交易者可以查看和验证其功能。向作者致敬！您可以免费使用该脚本，但请记住，重新发布代码须遵守我们的网站规则。
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。