tux

Gold Price Trend Overlay

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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
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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)

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