INVITE-ONLY SCRIPT
Asset Valuation Tool
Updated
Asset Valuation Tool
This script provides a multi-dimensional perspective on asset valuation by comparing its price movements against three major benchmarks: bond prices, gold prices, and the US Dollar Index (DXY). It is designed to help traders identify overbought and oversold conditions in the context of these relationships.
How It Works
This script provides a multi-dimensional perspective on asset valuation by comparing its price movements against three major benchmarks: bond prices, gold prices, and the US Dollar Index (DXY). It is designed to help traders identify overbought and oversold conditions in the context of these relationships.
How It Works
- Valuation Ratios: The script calculates the ratio of the primary asset's price to that of bonds, gold, and DXY.
- RSI-Based Analysis: The script uses a modified RSI (Relative Strength Index) to assess the momentum of these ratios over a user-defined lookback period.
- Rescaling & Normalization: To provide a unified view, the valuation metrics are rescaled to a fixed range (-100 to 100), where extreme values can indicate overbought or oversold conditions.
Features:
Customizable Inputs:- Lookback period (default: 10).
- Symbols for bonds, gold, and DXY, allowing flexibility for various trading instruments.
Visual Indicators: - Dynamic plots for each valuation metric (Bond, Gold, DXY).
- Horizontal lines at key levels (+75, 0, -75) for easy identification of overbought/oversold zones.
- Cross-Asset Insights: Gain insights into how the asset behaves relative to key market indicators.
How to Use:- Add the script to your chart and configure the asset symbols under the settings menu.
- Observe the plotted lines for each valuation metric:
- Values above +75 may indicate overbought conditions relative to a benchmark.
- Values below -75 may indicate oversold conditions.
- Use in combination with other technical analysis tools for a comprehensive market view.
Note: This script is for educational purposes and should not be considered financial advice. Always perform additional research before making trading decisions.
- Add the script to your chart and configure the asset symbols under the settings menu.
- Lookback period (default: 10).
Release Notes
Updated default DXY SourceInvite-only script
Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact Almureqeeb for more information, or follow the author's instructions below.
TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases, you can find a good open-source alternative for free in our Community Scripts.
Author's instructions
″To request access to this invite-only script or to inquire about its functionality, please contact me:
Email: a.almurqeeb@gmail.com
TradingView Messages: Send me a direct message on TradingView via my profile.
Want to use this script on a chart?
Warning: please read before requesting access.
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.