Metals vs DXY Correlation

There's a growing interest in Gold and Metals in general - due to safe have demand - a lot of traders get blindsided by sudden consolidation and reversals while trading Gold or Silver. The key is to know that GC is closely related to DXY because large institutions and central banks hedge the two instruments. They are inversely correlated for the most part.

This indicator looks at price action applies Pearson correlation to find the strength in their "entanglement" and tells you if its is strongly, weakly or positively correlated.

It has helped me stay away from the markets when there's a strong inverse correlation because the price action can be very unpredictable.

Hopefully you find this useful.