OPEN-SOURCE SCRIPT
[GB]Commodity Futures Map
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
*
Settings:
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.
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 publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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