Comparaison DXY, VIX, SPX, DJI, GVZ

Pine Script indicator compares the normalized values of DXY, VIX, SPX, DJI, and GVZ indices on a single scale from 0 to 100. Here's a breakdown of what it does:

Data Requests: Gets closing prices for:

US Dollar Index (DXY)

VIX Volatility Index

S&P 500 (SPX)

Dow Jones Industrial Average (DJI)

Gold Volatility Index (GVZ)

Normalization: Each index is normalized using a 500-period lookback to scale values between 0-100, making them comparable despite different price scales.

Visualization:

Plots each normalized index with distinct colors

Adds a dotted midline at 50 for reference

Uses thicker linewidth (2) for better visibility

Timeframe Flexibility: Works on any chart timeframe since it uses timeframe.period

This is useful for:

Comparing relative strength/weakness between these key market indicators

Identifying divergences or convergences in their movements

Seeing how different asset classes (currencies, equities, volatility) relate

You could enhance this by:

Adding correlation calculations between pairs

Including options to adjust the normalization period

Adding alerts when instruments diverge beyond certain thresholds

Including volume or other metrics alongside price