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UnknownUnicorn2785010

Gold Correlations

UnknownUnicorn2785010  
Relative Strength Index (RSI) Commodity Channel Index (CCI) Trend Analysis
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relativestrengthindex commoditychannelindex trendanalysis
Gold has correlations with many trading pairs such as silver, oil, euro, yen, usd, aud, spx, nekkai and many more to go.

In this script i have added GOLD, SILVER, currency of US, EUROPE and JAPAN.

NOTE : More corelations will be added soon.

The corelations will ranged from 0 to 100 denoting the strength.

It is an modified indicator. To be more precise, the raw data is converted to unbounded range according to their strength and then converted to bounded range of 0 to 100.

HOW TO USE
snapshot
As we can see in the first vertical black line, US started going up and after the second vertical black line, Gold, silver, Europe, Japan started to go downwards.
We can see a nice correlation and call it a nice short.

In future will be adding more correlations.
Script protegido
Este script se publica con código cerrado, pero puede utilizarlo libremente. Márquelo como favorito y podrá usarlo en un gráfico. El código fuente no se puede ver ni modificar.
Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.

¿Quiere utilizar este script en un gráfico?