Weekly macro ratio indicator comparing gold vs SPY 30 SMAWhat this indicator does
This indicator tracks the Gold/SPY ratio on a weekly basis to show whether gold is outperforming U.S. equities (risk assets). It helps you determine if the market is favoring hard money / defensive leadership vs risk-on equity leadership.
Why Gold/SPY matters
Gold can rise during equity booms and during equity stress.
The Gold/SPY ratio tells you which asset class is winning in relative terms.
Rising Gold/SPY often signals defensive leadership, shifting macro preferences, or risk repricing.
How it works (regime rules)
Using weekly data:
Compute Gold ÷ SPY
Apply a 30-week SMA
Regime definitions:
Bull: Ratio above a rising 30-week SMA (gold leading equities)
Bear: Ratio below a falling 30-week SMA (equities leading gold)
Neutral: Transition/range
A clear label marks the current regime.
How to use it in your system
Use after Pane 1 (Gold Trend) and Pane 2 (Gold/DXY).
If Gold/SPY is Bull, gold is leading risk assets — metals tend to behave stronger and more “macro-relevant.”
If Gold/SPY is Bear, equities are winning — gold moves may be less dominant.
Neutral usually means rotation or consolidation.
Best timeframe
Designed for weekly macro regime analysis, not short-term trading.
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