gurple

DOW / GOLD Ratio

253 0 14
This indicator shows the ratio between the DJIA             and the price of gold             . When the ratio is below 5 it is generally accepted that a rotation from commodities to equities should be investigated. When the ratio is above 30 it is, likewise, advised to consider rotating from equities to commodities .

This is a modest improvement of the script to mark the key thresholds where equities/commodities holdings rotations could be prudent. I’m sure I’ll be submitting a number of instances of these scripts as I learn the syntax and features while developing them.
Remove from Favorite Scripts Add to Favorite Scripts
study(title="DOW/GOLD", shorttitle="DOW/GLD", overlay=false)
sym(s) => security(s, period, close)
DOWVGLD = (sym("DOWI") / sym("XAUUSD"))
plot(40, color=orange)
plot(30, color=fuchsia)
plot(5, color=fuchsia)
plot(3.20, color=orange)
plot(DOWVGLD, color=navy, linewidth=1)
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out