OPEN-SOURCE SCRIPT
Gold Price Trend Overlay
This chart overlay provides the daily 9 SMA of Gold.
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.