This indicator shows the ratio between the DJIA and the price of gold. When the ratio is below 5 it is generally accepted that a rotation from commodities to equities should be investigated. When the ratio is above 30 it is, likewise, advised to consider rotating from equities to commodities.
This is a modest improvement of the script to mark the key thresholds where equities/commodities holdings rotations could be prudent. I’m sure I’ll be submitting a number of instances of these scripts as I learn the syntax and features while developing them.
This is a modest improvement of the script to mark the key thresholds where equities/commodities holdings rotations could be prudent. I’m sure I’ll be submitting a number of instances of these scripts as I learn the syntax and features while developing them.
study(title="DOW/GOLD", shorttitle="DOW/GLD", overlay=false) sym(s) => security(s, period, close) DOWVGLD = (sym("DOWI") / sym("XAUUSD")) plot(40, color=orange) plot(30, color=fuchsia) plot(5, color=fuchsia) plot(3.20, color=orange) plot(DOWVGLD, color=navy, linewidth=1)