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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.
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系luistrompeter。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
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.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。
仅限邀请脚本
只有作者授权的用户才能访问此脚本。您需要申请并获得使用许可。通常情况下，付款后即可获得许可。更多详情，请按照下方作者的说明操作，或直接联系luistrompeter。
TradingView不建议您付费购买或使用任何脚本，除非您完全信任其作者并了解其工作原理。您也可以在我们的社区脚本找到免费的开源替代方案。
作者的说明
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.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。