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Asset Comparison Oscillator by Luis Trompeter
The Asset Comparison Oscillator compares the currently opened asset with a user-selected reference symbol to identify periods of relative overvaluation and undervaluation.
The concept is based on the idea that markets constantly seek fair value. When an asset becomes mispriced relative to a meaningful benchmark, it often moves back toward equilibrium.
This indicator measures that relationship and transforms it into an easy-to-read oscillator:
• Green Zone (Undervalued) – The selected asset is undervalued compared to the reference symbol.
This reflects potential upward pressure as markets tend to correct undervaluation over time.
• Red Zone (Overvalued) – The asset is overvalued relative to the reference symbol.
This may indicate a higher likelihood of downward movement as price seeks rebalancing.
Users can set any reference instrument they consider relevant—commodities, indices, currency pairs, or other assets. The oscillator quantifies the valuation difference based on a configurable cycle length.
The recommended setting is Cycle = 10, which provides a balanced and responsive signal structure.
Since this indicator relies on broader valuation dynamics, it is designed to be used exclusively on the daily timeframe. Lower timeframes may not reflect true fundamental value relationships.
The Asset Comparison Oscillator helps traders identify when an asset appears cheap or expensive relative to another, offering an additional layer of fundamental context to support directional trading decisions.
The concept is based on the idea that markets constantly seek fair value. When an asset becomes mispriced relative to a meaningful benchmark, it often moves back toward equilibrium.
This indicator measures that relationship and transforms it into an easy-to-read oscillator:
• Green Zone (Undervalued) – The selected asset is undervalued compared to the reference symbol.
This reflects potential upward pressure as markets tend to correct undervaluation over time.
• Red Zone (Overvalued) – The asset is overvalued relative to the reference symbol.
This may indicate a higher likelihood of downward movement as price seeks rebalancing.
Users can set any reference instrument they consider relevant—commodities, indices, currency pairs, or other assets. The oscillator quantifies the valuation difference based on a configurable cycle length.
The recommended setting is Cycle = 10, which provides a balanced and responsive signal structure.
Since this indicator relies on broader valuation dynamics, it is designed to be used exclusively on the daily timeframe. Lower timeframes may not reflect true fundamental value relationships.
The Asset Comparison Oscillator helps traders identify when an asset appears cheap or expensive relative to another, offering an additional layer of fundamental context to support directional trading decisions.
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡luistrompeter。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This indicator can soon be accessed through the TradingView Paid Spaces system.
Purchasing through TradingView ensures secure payment processing, proper access management, and reliable availability for all users.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
僅限邀請腳本
僅作者批准的使用者才能訪問此腳本。您需要申請並獲得使用許可，通常需在付款後才能取得。更多詳情，請依照作者以下的指示操作，或直接聯絡luistrompeter。
TradingView不建議在未完全信任作者並了解其運作方式的情況下購買或使用腳本。您也可以在我們的社群腳本中找到免費的開源替代方案。
作者的說明
This indicator can soon be accessed through the TradingView Paid Spaces system.
Purchasing through TradingView ensures secure payment processing, proper access management, and reliable availability for all users.
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。