DOW / GOLD Ratio

234 0 11
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)
This script was updated: DOW / GOLD Ratio (gurple)
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out