INVITE-ONLY SCRIPT
Updated Asset Comparison Oscillator by Novatrix Capital
The Asset Comparison Oscillator compares the currently selected asset with a user-defined reference symbol to identify periods of relative overvaluation and undervaluation.
The concept is based on the idea that markets tend to revert to fair value. When an asset is mispriced relative to a meaningful benchmark, there is a higher likelihood of price correction.
This indicator converts this relationship into an easy-to-read oscillator:
Green Zone (Undervalued) – The asset is cheap relative to the reference symbol, indicating potential upward pressure.
Red Zone (Overvalued) – The asset is expensive relative to the reference symbol, indicating a higher likelihood of downward movement.
Users can choose any relevant reference instrument, such as indices, commodities, or currency pairs. The calculation uses a configurable cycle (default: 10 days).
This indicator is designed for the daily timeframe only, as shorter intervals may not accurately reflect fundamental value relationships.
The Asset Comparison Oscillator provides a clear, data-driven view of relative valuations and helps traders make informed directional decisions.
The concept is based on the idea that markets tend to revert to fair value. When an asset is mispriced relative to a meaningful benchmark, there is a higher likelihood of price correction.
This indicator converts this relationship into an easy-to-read oscillator:
Green Zone (Undervalued) – The asset is cheap relative to the reference symbol, indicating potential upward pressure.
Red Zone (Overvalued) – The asset is expensive relative to the reference symbol, indicating a higher likelihood of downward movement.
Users can choose any relevant reference instrument, such as indices, commodities, or currency pairs. The calculation uses a configurable cycle (default: 10 days).
This indicator is designed for the daily timeframe only, as shorter intervals may not accurately reflect fundamental value relationships.
The Asset Comparison Oscillator provides a clear, data-driven view of relative valuations and helps traders make informed directional decisions.
Release Notes
The Asset Comparison Oscillator compares the currently selected asset with a user-defined reference symbol to identify periods of relative overvaluation and undervaluation.The concept is based on the idea that markets tend to revert to fair value. When an asset is mispriced relative to a meaningful benchmark, there is a higher likelihood of price correction.
This indicator converts this relationship into an easy-to-read oscillator:
Green Zone (Undervalued) – The asset is cheap relative to the reference symbol, indicating potential upward pressure.
Red Zone (Overvalued) – The asset is expensive relative to the reference symbol, indicating a higher likelihood of downward movement.
Users can choose any relevant reference instrument, such as indices, commodities, or currency pairs. The calculation uses a configurable cycle (default: 10 days).
This indicator is designed for the daily timeframe only, as shorter intervals may not accurately reflect fundamental value relationships.
The Asset Comparison Oscillator provides a clear, data-driven view of relative valuations and helps traders make informed directional decisions.
Release Notes
The Asset Comparison Oscillator compares the currently selected asset with up to three user-defined reference symbols to identify periods of relative overvaluation and undervaluation.The concept is based on the idea that markets tend to revert to fair value. When an asset is mispriced relative to meaningful benchmarks, there is a higher likelihood of price correction.
This indicator converts these relationships into an easy-to-read oscillator:
Green Zone (Undervalued) – The asset is cheap relative to the reference symbols, indicating potential upward pressure.
Red Zone (Overvalued) – The asset is expensive relative to the reference symbols, indicating a higher likelihood of downward movement.
Users can choose any relevant reference instruments, such as indices, commodities, futures, or currency pairs.
The calculation uses a configurable cycle (default: 10 days).
This indicator is designed for the daily timeframe only, as shorter intervals may not accurately reflect fundamental value relationships.
The Asset Comparison Oscillator provides a clear, data-driven view of relative valuations and helps traders make informed directional decisions — enhanced with support for comparing multiple assets at once.
Release Notes
The Asset Comparison Oscillator compares the currently selected asset with up to three user-defined reference symbols to identify periods of relative overvaluation and undervaluation.The concept is based on the idea that markets tend to revert to fair value. When an asset is mispriced relative to meaningful benchmarks, there is a higher likelihood of price correction.
This indicator converts these relationships into an easy-to-read oscillator:
Green Zone (Undervalued) – The asset is cheap relative to the reference symbols, indicating potential upward pressure.
Red Zone (Overvalued) – The asset is expensive relative to the reference symbols, indicating a higher likelihood of downward movement.
Users can choose any relevant reference instruments, such as indices, commodities, futures, or currency pairs.
The calculation uses a configurable cycle (default: 10 days).
This indicator is designed for the daily timeframe only, as shorter intervals may not accurately reflect fundamental value relationships.
The Asset Comparison Oscillator provides a clear, data-driven view of relative valuations and helps traders make informed directional decisions — enhanced with support for comparing multiple assets at once.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NovatrixCapital directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
For access, please send a request directly via TradingView or contact me on Instagram: @novatrixcapital.
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.
Invite-only script
Only users approved by the author can access this script. You'll need to request and get permission to use it. This is typically granted after payment. For more details, follow the author's instructions below or contact NovatrixCapital directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
For access, please send a request directly via TradingView or contact me on Instagram: @novatrixcapital.
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.