OPEN-SOURCE SCRIPT
Pure Gold GLOBAL
Pure Gold GLOBAL is a synthetic index that tracks the price of gold against an equally weighted basket of eight major non-USD currencies: EUR, JPY, GBP, AUD, CHF, CAD, CNH, and INR.Weighting: Each currency represents exactly 12.5% of the index to prevent any single economy from distorting the trend.Purpose: It removes US Dollar (
DXY$) volatility from the chart, allowing traders to see if gold is gaining or losing value on a truly global scale.Anchor Date: Fixed to January 1, 2025. This ensures that price levels remain identical across all timeframes, keeping Fibonacci and trendline annotations perfectly in place.Technical Features: Includes live Multi-Timeframe (MTF) overlays (boxes and stepped bars) and an institutional-grade validation engine that prevents "internal wicks" during high-volatility sessions.
DXY$) volatility from the chart, allowing traders to see if gold is gaining or losing value on a truly global scale.Anchor Date: Fixed to January 1, 2025. This ensures that price levels remain identical across all timeframes, keeping Fibonacci and trendline annotations perfectly in place.Technical Features: Includes live Multi-Timeframe (MTF) overlays (boxes and stepped bars) and an institutional-grade validation engine that prevents "internal wicks" during high-volatility sessions.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.