OPEN-SOURCE SCRIPT
Asset in Every Fiat Currency
📌 Description
Asset in Every Fiat Currency is an indicator that expresses the value of any chosen asset across a basket of global fiat currencies.
It uses exchange rates to calculate a weighted aggregate signal, allowing you to see how the asset behaves when priced simultaneously in the world’s most important currencies.
⚖️ Key Features
Choose any asset (default: Gold).
Weighted by major global currencies (USD, EUR, JPY, GBP, CNY, etc.).
Fully customizable weights through user inputs.
Automatic normalization factor for consistent scaling.
🛠️ Use Cases
Compare an asset’s performance beyond the USD lens.
Detect global strength/weakness of an asset in a diversified fiat basket.
Explore alternative ways of viewing asset pricing.
⚠️ Disclaimer: This script is for educational purposes only. It does not constitute financial advice. Always do your own research before making trading decisions.
Asset in Every Fiat Currency is an indicator that expresses the value of any chosen asset across a basket of global fiat currencies.
It uses exchange rates to calculate a weighted aggregate signal, allowing you to see how the asset behaves when priced simultaneously in the world’s most important currencies.
⚖️ Key Features
Choose any asset (default: Gold).
Weighted by major global currencies (USD, EUR, JPY, GBP, CNY, etc.).
Fully customizable weights through user inputs.
Automatic normalization factor for consistent scaling.
🛠️ Use Cases
Compare an asset’s performance beyond the USD lens.
Detect global strength/weakness of an asset in a diversified fiat basket.
Explore alternative ways of viewing asset pricing.
⚠️ Disclaimer: This script is for educational purposes only. It does not constitute financial advice. Always do your own research before making trading decisions.
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.
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.
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.