OPEN-SOURCE SCRIPT
GXO v6.2c Macro Engine Unified
# GXO v6.2c - Macro Engine Unified
GXO v6.2c is a macroeconomic analysis indicator designed to evaluate the relationship between gold price action and multiple global market drivers. Instead of relying exclusively on price-based indicators, it combines statistical normalization, macroeconomic data, market correlations, and adaptive weighting to estimate whether the current price is aligned with the broader macro environment.
## Main Features
• Robust P5/P95 normalization to reduce the influence of extreme market spikes.
• Adaptive macro model that dynamically weights factors according to their historical relationship with gold.
• Multi-factor analysis including:
* US Dollar Index (DXY)
* Real interest rates
* Inflation expectations (Breakeven)
* Treasury yield curve
* VIX
* MOVE Index
* Silver
* AUD/USD
* USD/JPY
* EUR/USD
* Brent Oil
• Valuation engine that measures macro mispricing between price and the estimated macro model.
• Momentum component combined with macro valuation to produce a unified score.
• Adaptive signal thresholds based on recent statistical behavior.
• Optional filters for trend, relative volume, macro confidence, and scheduled market events.
• GAL (Filtered Exhaustion Logic) for identifying potential divergence between macro conditions and price movement.
• Dashboard with compact and detailed display modes showing:
* Current market regime
* Dominant macro driver
* Macro confidence
* Active factor influence
* Risk environment
* Signal status
* Reversal statistics
## Methodology
The indicator builds a statistical macro model from multiple financial variables and compares it with the current gold price. The difference between both models is treated as macro mispricing, while price momentum is evaluated separately. These components are combined into a single normalized score that can help identify periods where price and macro conditions diverge.
The weighting of each macro factor is adaptive and depends on its recent statistical relationship with gold, allowing the model to adjust as market dynamics evolve.
## Notes
This script is intended as an analytical tool for studying macroeconomic conditions and market behavior. It does not predict future prices and should not be interpreted as financial advice. Users are encouraged to combine its output with their own analysis and risk management.
GXO v6.2c is a macroeconomic analysis indicator designed to evaluate the relationship between gold price action and multiple global market drivers. Instead of relying exclusively on price-based indicators, it combines statistical normalization, macroeconomic data, market correlations, and adaptive weighting to estimate whether the current price is aligned with the broader macro environment.
## Main Features
• Robust P5/P95 normalization to reduce the influence of extreme market spikes.
• Adaptive macro model that dynamically weights factors according to their historical relationship with gold.
• Multi-factor analysis including:
* US Dollar Index (DXY)
* Real interest rates
* Inflation expectations (Breakeven)
* Treasury yield curve
* VIX
* MOVE Index
* Silver
* AUD/USD
* USD/JPY
* EUR/USD
* Brent Oil
• Valuation engine that measures macro mispricing between price and the estimated macro model.
• Momentum component combined with macro valuation to produce a unified score.
• Adaptive signal thresholds based on recent statistical behavior.
• Optional filters for trend, relative volume, macro confidence, and scheduled market events.
• GAL (Filtered Exhaustion Logic) for identifying potential divergence between macro conditions and price movement.
• Dashboard with compact and detailed display modes showing:
* Current market regime
* Dominant macro driver
* Macro confidence
* Active factor influence
* Risk environment
* Signal status
* Reversal statistics
## Methodology
The indicator builds a statistical macro model from multiple financial variables and compares it with the current gold price. The difference between both models is treated as macro mispricing, while price momentum is evaluated separately. These components are combined into a single normalized score that can help identify periods where price and macro conditions diverge.
The weighting of each macro factor is adaptive and depends on its recent statistical relationship with gold, allowing the model to adjust as market dynamics evolve.
## Notes
This script is intended as an analytical tool for studying macroeconomic conditions and market behavior. It does not predict future prices and should not be interpreted as financial advice. Users are encouraged to combine its output with their own analysis and risk management.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.
Mã nguồn mở
Theo đúng tinh thần TradingView, tác giả của tập lệnh này đã công bố nó dưới dạng mã nguồn mở, để các nhà giao dịch có thể xem xét và xác minh chức năng. Chúc mừng tác giả! Mặc dù bạn có thể sử dụng miễn phí, hãy nhớ rằng việc công bố lại mã phải tuân theo Nội quy.
Thông báo miễn trừ trách nhiệm
Thông tin và các ấn phẩm này không nhằm mục đích, và không cấu thành, lời khuyên hoặc khuyến nghị về tài chính, đầu tư, giao dịch hay các loại khác do TradingView cung cấp hoặc xác nhận. Đọc thêm tại Điều khoản Sử dụng.