OPEN-SOURCE SCRIPT

MTF Trend - Gold/XAU with DXY Filter

48
I published this earlier and I had it on a chart with multiple other Indicators and It was very confusing so i am publishing it again on a clean chart

This Indicator is for Gold only buy can be used in other assets If the Filter toggle is turned off in the settings

This Indicator measures the strength of the Dollar Index which will determine the direction of the Gold asset

If the DXY is weak and all timeframes align then you can tide in that direction, the opposite is true foe a strong Dollar all timeframes must be opposite to the Dollar as as DXY and Gold trade together very well it also plots a large Triangle on the chart to warn of the Direction

You can trade however you wish but it is best to sell gold when Dollar is strong and buy gold when Dollar is weak, money is moved from Dollar to Gold and Gold to Dollar when weak and strong

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.