U.S. Dollar Index (DXY) lower label

[sm0414423]

how can i code a U.S. Dollar Index (DXY) lower label that changes color accordingly to dxy while I lookup different stocks

 

[ProcrastinatingPerfection]

how can i code a U.S. Dollar Index (DXY) lower label that changes color accordingly to dxy while I lookup different stocks

$DXY

 

[merryDay]

@sm0414423
I stand corrected. TDA didn't show it as an index available but the ticker does work on the charts.
No one will be able to help you further w/ scripting unless you provide the logic for what you want to trigger the label color changes.

 

[JayNic]

trading /GC futures, it would be beneficial to know where GVZ and DXY levels were when placing or exiting a trade. Here is where I am starting, although, I do not see the lines plotted on my lower chart. Can you help point me in the right direction?

input showGVZ = yes;
input showDXY = yes;

def gvz = if showGVZ then close("GVZ") else Double.NaN;
def dxy = if showDXY then close("DXY") else Double.NaN;

def gvzMA = Average(gvz, 10);
def dxyMA = Average(dxy, 10);

plot GoldVol = gvz;
GoldVol.SetDefaultColor(Color.WHITE);
GoldVol.SetLineWeight(2);

plot Dollar = dxy;
Dollar.SetDefaultColor(Color.GREEN);
Dollar.SetLineWeight(2);

def gvzFalling = gvz < gvzMA;
def dxyFalling = dxy < dxyMA;

AddCloud(if gvzFalling and dxyFalling then gvz else Double.NaN, gvzMA, Color.DARK_GREEN, Color.BLACK);
AddCloud(if gvzFalling and !dxyFalling then gvz else Double.NaN, gvzMA, Color.DARK_ORANGE, Color.BLACK);
AddCloud(if !gvzFalling and dxyFalling then gvz else Double.NaN, gvzMA, Color.DARK_RED, Color.BLACK);
AddCloud(if !gvzFalling and !dxyFalling then gvz else Double.NaN, gvzMA, Color.GRAY, Color.BLACK);

AddLabel(yes, "GVZ: " + Round(gvz, 2) + (if gvzFalling then " ↓" else " ↑"), if gvzFalling then Color.GREEN else Color.RED);
AddLabel(yes, "DXY: " + Round(dxy, 2) + (if dxyFalling then " ↓" else " ↑"), if dxyFalling then Color.GREEN else Color.RED);
AddLabel(yes,
if gvzFalling and dxyFalling then "Condition: Calm Bullish"
else if !gvzFalling and !dxyFalling then "Condition: Risk-Off / Bearish"
else "Condition: Mixed",
Color.YELLOW);

Alert(gvzFalling and dxyFalling, "GVZ↓ and DXY↓ — Calm Bullish Setup!", Alert.BAR, Sound.Ring);

 

[Joshua]

Try it with GVZ:CGI and $DXY. But, their market hours are different than /GC, resulting in NaN values when applied to /CG's chart, and therefore further messing up the averages from the looks of it. The two indices print on different price scales too, so, as it stands now, it's going to be all separated and scrunched. This is going to be a real mess one way or the other. You should probably take a look at it before I get any deeper into it.

 

[JayNic]

Try it with GVZ:CGI and $DXY. But, their market hours are different than /GC, resulting in NaN values when applied to /CG's chart, and therefore further messing up the averages from the looks of it. The two indices print on different price scales too, so, as it stands now, it's going to be all separated and scrunched. This is going to be a real mess one way or the other. You should probably take a look at it before I get any deeper into it.

Thank you for that. I am now able to see lines plotted for GVZ and DXY but it is separated. What other options do we have available?

declare lower;

input showGVZ = yes;
input showDXY = yes;

def gvz = if showGVZ and !IsNaN(close("GVZ:CGI")) then close("GVZ:CGI") else Double.NaN;
def dxy = if showDXY and !IsNaN(close("$DXY")) then close("$DXY") else Double.NaN;

def gvzMA = Average(gvz, 10);
def dxyMA = Average(dxy, 10);

plot GoldVol = gvz;
GoldVol.SetDefaultColor(Color.WHITE);
GoldVol.SetLineWeight(2);

plot Dollar = dxy;
Dollar.SetDefaultColor(Color.GREEN);
Dollar.SetLineWeight(2);

def gvzFalling = gvz < gvzMA;
def dxyFalling = dxy < dxyMA;

AddLabel(yes, "GVZ: " + Round(gvz, 2) + (if gvzFalling then " ↓" else " ↑"), if gvzFalling then Color.GREEN else Color.RED);
AddLabel(yes, "DXY: " + Round(dxy, 2) + (if dxyFalling then " ↓" else " ↑"), if dxyFalling then Color.GREEN else Color.RED);
AddLabel(yes,
if gvzFalling and dxyFalling then "Condition: Calm Bullish"
else if !gvzFalling and !dxyFalling then "Condition: Risk-Off / Bearish"
else "Condition: Mixed",
Color.YELLOW);

Alert(gvzFalling and dxyFalling, "GVZ↓ and DXY↓ — Calm Bullish Setup!", Alert.BAR, Sound.Ring);

 

[Joshua]

Typically, you would normalize them by percent change, perhaps from the open. In this case, even when in percent change format, one is extremely volatile, while the other is so dormant that it still ends up being flatlined compared to the other on the same scale. I think the best solution would be to compare their relative position between their own highest high and lowest low within the day.

That screen shot is applied to another random symbol. It's still not working on /CG, due to the discrepancy in trading hours. It's actually three sets, with one even starting at 9:31 instead of 9:30 for some odd reason. I'll finish it up when I get some more free time.