OPEN-SOURCE SCRIPT

Comparaison DXY, VIX, SPX, DJI, GVZ

265
Pine Script indicator compares the normalized values of DXY, VIX, SPX, DJI, and GVZ indices on a single scale from 0 to 100. Here's a breakdown of what it does:

Data Requests: Gets closing prices for:

US Dollar Index (DXY)

VIX Volatility Index

S&P 500 (SPX)

Dow Jones Industrial Average (DJI)

Gold Volatility Index (GVZ)

Normalization: Each index is normalized using a 500-period lookback to scale values between 0-100, making them comparable despite different price scales.

Visualization:

Plots each normalized index with distinct colors

Adds a dotted midline at 50 for reference

Uses thicker linewidth (2) for better visibility

Timeframe Flexibility: Works on any chart timeframe since it uses timeframe.period

This is useful for:

Comparing relative strength/weakness between these key market indicators

Identifying divergences or convergences in their movements

Seeing how different asset classes (currencies, equities, volatility) relate

You could enhance this by:

Adding correlation calculations between pairs

Including options to adjust the normalization period

Adding alerts when instruments diverge beyond certain thresholds

Including volume or other metrics alongside price

Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.