Gorbie

Strength SPX500 EURUSD XAUUSD USOIL

Strength of SPX500 , EURUSD , XAUUSD and USOIL
Remove from Favorite Scripts Add to Favorite Scripts
study("Strength SPX500 EURUSD XAUUSD USOIL", precision=3)
fast=input(5)
slow=input(15)
v1=security('SPX500/USOIL',period,close)
v2=security('SPX500/XAUUSD',period,close)
v3=security('SPX500/EURUSD',period,close)
v4=security('USOIL/EURUSD',period,close)
v5=security('XAUUSD/EURUSD',period,close)
v6=security('XAUUSD/USOIL',period,close)
SPX=(v1+v2+(v3))/3
EUR=((100-v3)+(100-v4)+(100-v5))/3
XAU=((100-v2)+(v5)+v6)/3
OIL=((100-v1)+(v4)+v6)/3
spx=tsi(SPX,fast,slow)
eur=tsi(EUR,fast,slow)
xau=tsi(XAU,fast,slow)
oil=tsi(OIL,fast,slow)
plot(spx,color=green,title='SPX500')
plot(eur,color=fuchsia,title='EURUSD')
plot(xau,color=orange,title='XAUUSD')
plot(oil,color=aqua,title='USOIL')
hline(0,title='midpoint')
hline(0.5,title='overbought')
hline(-0.5,title='oversell')
Hi Gorbie.....Does it mean SPX is overbought , oil/gold neutral and EU oversold ? Does it work well with shorter time frames ? rgds
Reply
Gorbie sk12722
Hey! It's working good on a daily, weekly and 4h as well. Find your best trade when the indicators placed on the extremes. If indicator into overbought zone on a daily (or weekly), then it should turning to downward.
Reply
Explain?
Reply
Gorbie Kiggan
It's to find the best trade for the moment. If the indicator in the overbought zone, then sell it. So, and vice versa. It's simple!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out