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.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.