XLE/GLD Rotation Gauge
Energy capitulating while gold gets bid: a slow cross-asset stretch that tends to snap back.
Own pane · Daily · Any chart; data comes from XLE and GLD
What it shows
- One line: the XLE/GLD ratio as a z-score over a rolling year.
- A stretch zone below minus one sigma, shaded.
- Markers when the gauge enters the zone, and a recovery alert when it crosses back through neutral.
How it reads the market
When energy equities capitulate while gold catches the refuge bid, the cross-asset rotation is stretched in a way that historically mean reverts over months, not days. This is a slow gauge: it fires rarely and resolves slowly, which is exactly what makes it worth a pane.
Settings
| Setting | Default | What it does |
|---|---|---|
| Symbols | XLE / GLD | Designed for this pair; the gauge is calibrated to it. |
| Z-score window | 252 bars | The rolling history behind the score. |
| Stretch threshold | -1.0 | Where the shaded zone starts. |
Everything is an input: colors, thresholds and time windows adjust from the indicator's settings panel, no code needed.
Built-in alerts
- Entered the stretch zone
- Recovered through neutral
Set them once from TradingView's alert dialog and get notified on your phone, no chart-watching required.
Comes with the membership
The whole indicator suite is included with the paid plan, $20/month or $200/year. Subscribe, submit your TradingView username, and the scripts land in your TradingView library.
Founding offer: 50% off the first year, 6 days left.
Get full accessHow to add it to your chart
- Request access above with your TradingView username (one request covers the whole suite).
- We grant it on TradingView, usually within 24 hours; TradingView notifies you.
- On your chart, open Indicators → Invite-only scripts and add XLE/GLD Rotation Gauge.
A slow, rare gauge by design; weeks can pass without a reading.