OPEN-SOURCE SCRIPT
Copper to Gold Ratio
ratio = copper / gold: Calculates the ratio by dividing copper price by gold price.
plot(ratio): Plots the ratio as a blue line.
ma = ta.sma(ratio, 20): Adds a 20-period simple moving average (optional) to smooth the ratio, plotted as a red line.
A rising Copper/Gold ratio often signals economic expansion (strong copper demand relative to gold), while a falling ratio may indicate economic uncertainty or recession fears, as gold outperforms copper.
The ratio is also used as a leading indicator for 10-year U.S. Treasury yields, with a rising ratio often correlating with higher yields.
plot(ratio): Plots the ratio as a blue line.
ma = ta.sma(ratio, 20): Adds a 20-period simple moving average (optional) to smooth the ratio, plotted as a red line.
A rising Copper/Gold ratio often signals economic expansion (strong copper demand relative to gold), while a falling ratio may indicate economic uncertainty or recession fears, as gold outperforms copper.
The ratio is also used as a leading indicator for 10-year U.S. Treasury yields, with a rising ratio often correlating with higher yields.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.