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Asset Comparison Oscillator by Novatrix Capital
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.
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.
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NovatrixCapital。
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
Für Zugriff bitte direkt über TradingView eine Anfrage senden oder mich über Instagram kontaktieren: @novatrixcapital.
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NovatrixCapital。
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
Für Zugriff bitte direkt über TradingView eine Anfrage senden oder mich über Instagram kontaktieren: @novatrixcapital.
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。