OPEN-SOURCE SCRIPT
Cynical Cold Index
This TradingView indicator calculates the Cynical Cold Index, which is a weighted basket of commodity prices designed to track economic conditions. It compares the price of a given asset to the index value.
Weights the commodities as percentages:
Weights the commodities as percentages:
- Gold: 10%
- Oil: 15%
- Coffee: 5%
- Natural Gas: 10%
- Silver: 15%
- Sugar: 5%
- Corn: 5%
- Wheat: 5%
- Cotton: 10%
- Copper: 10%
- Iron Ore: 5%
- Live Cattle: 5%
- Urea: 5%
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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