This chart overlay provides the daily 9 SMA of Gold.
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
If the price of GOLD is ABOVE the 9 SMA then the line will be GOLD
If the price of GOLD is BELOW the 9 SMA then the line will be RED
A good way to use this overlay is by understanding how Gold effects currency pairs.
if GOLD is BULLISH - then AUD/USD is BULLISH
if GOLD is BULLISH - then NZD/USD is BULLISH
if GOLD is BULLISH - then EUR/USD is BULLISH
if GOLD is BULLISH - then USD is bearish
if GOLD is BULLISH - then USD/CHF is BEARISH
if GOLD is BULLISH - then USD/CAD is BEARISH
study(title="TUX GOLD", shorttitle="TUX GOLD", overlay=true)
len = input(9, minval=1, title="Length")
src = input(close, title="Source")
out = sma(src, len)
gold = security("INDEX:XAU", "D", sma(close,len))
goldc = iff(security("INDEX:XAU", "D", sma(close,len)) > security("INDEX:XAU", "D", close), red, orange)
plot(gold,linewidth=2, title="GOLD 1 DAY", color=goldc)