INVITE-ONLY SCRIPT
Asset Correlation with XAU/USD (Macroeconomics X Gold)
This Pine Script calculates the correlation of economic assets with gold (XAU/USD), including indicators such as the DXY, the S&P 500, the US 10-year yield (US10Y), oil (USOIL), the USD/JPY pair, and the AUD/USD pair. The goal is to analyze the impact of these variables on the price of gold, particularly in a macroeconomic context.
Main Features:
Asset Monitoring: The script monitors 24-hour variations of six key assets (DXY, S&P 500, US10Y, USOIL, USDJPY, AUDUSD), along with the price of XAU/USD.
Percentage Change Calculation: The percentage change for each asset is calculated based on the previous day's close, compared to the most recent 5-minute close.
Direction Determination: The direction of each asset (whether the change is positive, negative, or neutral) is calculated and used to determine the potential impact on the price of gold.
Interactive Tables: The results of directions, variations, and impacts are displayed in a table on the screen, with each asset being evaluated by its weight (influence on gold) and direction. The table also includes arrows indicating the impact of each asset on the price of gold, based on the correlation between them.
Dominance: The overall dominance of gold is calculated based on the weights and directions of the assets, generating a result that reflects whether gold is trending upwards or downwards due to the other observed assets. An arrow symbol indicates whether the dominance is positive (⬆️), negative (⬇️), or neutral (—).
Table Details:
The table displays the monitored assets, their assigned weights, the direction (arrows up, down, or neutral), the percentage change of each asset, and the impact of these assets on the price of gold.
The last column shows the "dominance" overall, with the final impact of these assets on the direction of the XAU/USD price.
Usage: This script is useful for traders and analysts who want to monitor how different macroeconomic factors (such as the value of the dollar, the S&P 500, US interest rates, oil prices, and currency pairs) influence the price of gold. It provides a clear view of how these assets correlate with gold, helping to make more informed decisions in the market.
For a better view of the table, right-click on >> visual order >> bring it to the top.
Main Features:
Asset Monitoring: The script monitors 24-hour variations of six key assets (DXY, S&P 500, US10Y, USOIL, USDJPY, AUDUSD), along with the price of XAU/USD.
Percentage Change Calculation: The percentage change for each asset is calculated based on the previous day's close, compared to the most recent 5-minute close.
Direction Determination: The direction of each asset (whether the change is positive, negative, or neutral) is calculated and used to determine the potential impact on the price of gold.
Interactive Tables: The results of directions, variations, and impacts are displayed in a table on the screen, with each asset being evaluated by its weight (influence on gold) and direction. The table also includes arrows indicating the impact of each asset on the price of gold, based on the correlation between them.
Dominance: The overall dominance of gold is calculated based on the weights and directions of the assets, generating a result that reflects whether gold is trending upwards or downwards due to the other observed assets. An arrow symbol indicates whether the dominance is positive (⬆️), negative (⬇️), or neutral (—).
Table Details:
The table displays the monitored assets, their assigned weights, the direction (arrows up, down, or neutral), the percentage change of each asset, and the impact of these assets on the price of gold.
The last column shows the "dominance" overall, with the final impact of these assets on the direction of the XAU/USD price.
Usage: This script is useful for traders and analysts who want to monitor how different macroeconomic factors (such as the value of the dollar, the S&P 500, US interest rates, oil prices, and currency pairs) influence the price of gold. It provides a clear view of how these assets correlate with gold, helping to make more informed decisions in the market.
For a better view of the table, right-click on >> visual order >> bring it to the top.
초대 전용 스크립트
이 스크립트는 작성자가 승인한 사용자만 접근할 수 있습니다. 사용하려면 요청을 보내고 승인을 받아야 합니다. 일반적으로 결제 후에 승인이 이루어집니다. 자세한 내용은 아래 작성자의 지침을 따르거나 Norrax에게 직접 문의하세요.
트레이딩뷰는 스크립트 작성자를 완전히 신뢰하고 스크립트 작동 방식을 이해하지 않는 한 스크립트 비용을 지불하거나 사용하지 않는 것을 권장하지 않습니다. 무료 오픈소스 대체 스크립트는 커뮤니티 스크립트에서 찾을 수 있습니다.
작성자 지시 사항
To access the indicator, send me a private msg. Thank you.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.
초대 전용 스크립트
이 스크립트는 작성자가 승인한 사용자만 접근할 수 있습니다. 사용하려면 요청을 보내고 승인을 받아야 합니다. 일반적으로 결제 후에 승인이 이루어집니다. 자세한 내용은 아래 작성자의 지침을 따르거나 Norrax에게 직접 문의하세요.
트레이딩뷰는 스크립트 작성자를 완전히 신뢰하고 스크립트 작동 방식을 이해하지 않는 한 스크립트 비용을 지불하거나 사용하지 않는 것을 권장하지 않습니다. 무료 오픈소스 대체 스크립트는 커뮤니티 스크립트에서 찾을 수 있습니다.
작성자 지시 사항
To access the indicator, send me a private msg. Thank you.
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.