Asset Comparison Oscillator by Novatrix Capital

5 déc. 2025

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.

10 déc. 2025

Notes de version

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.

10 déc. 2025

Notes de version

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.

10 déc. 2025

Notes de version

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.