Gold Spotter

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Two “Baskets” of Data

The script constructs two composite values (one green, one red) by fetching certain currency-related data in the background. Each composite is normalized over a lookback period so both lines map into a 0–100 range.

Weighting by Another Security’s Trend

A ratio is calculated from the chart’s own price vs. its moving average. That ratio is raised to a specified “power” (configured by the user), then used to scale each composite. This means if the price is above its average, both lines can be inflated; if below, both lines can be suppressed.

What the Lines Represent

Green Line: Represents a “pegged basket” index. (A small group of instruments that historically move in a certain way relative to Gold.)
Red Line: Represents an “exotics basket” index. (A different group of instruments that also has a meaningful relationship to Gold.)

What Is It Predicting

By measuring hidden relationships between these two baskets and weighting them by the chart’s trend, the green/red lines often provide an early read on which direction Gold might take next usually leading by 3-7 days.