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.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.