Get started
gb50k

[GB]Commodity Futures Map

gb50k  
Oscillators Centered Oscillators Breadth Indicators
31
3
oscillator centeredoscillator breadthstudies
Puts numerous commodity futures on the same scale. The main function is RSI (without evoking "oversold/bought" concepts).

Reading the chart: Much like any oscillator, the important elements are:

Position relative to the middle
  • Slope
    Momentum
    Volatility

Settings:
  • RSI length
    EMA smoothing
    Time Frame (of the indicator, not the chart(

May add value when asking questions like:
Is lumber trending?
Is silver trending faster than gold?
Is the entire asset class trending up down or not at all?

Adding additional symbols is easy since the code for each symbol is identical.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?