[MetaMasters] Asset Value Comparisson Oscillator

The Asset Value Comparison Oscillator evaluates the currently opened asset against a user-selected reference symbol to highlight periods of relative overvaluation or undervaluation.

Its logic follows the principle that markets continually gravitate toward fair value. When an asset strays too far from a meaningful benchmark, it typically reverts toward equilibrium. This indicator captures that relationship and converts it into a clear, visual oscillator:

• Green Zone (Undervalued) – Indicates the asset is priced lower than the reference symbol.
This suggests potential upward pressure as markets often correct undervalued conditions.

• Red Zone (Overvalued) – Indicates the asset is priced higher than the reference symbol.
This may signal increased chances of a downward move as the asset seeks balance.

Users can assign any reference instrument—commodities, indices, currency pairs, or other assets. The oscillator measures valuation gaps using a configurable cycle length; a Cycle setting of 10 is recommended for balanced and responsive signals.

Because the indicator reflects broader valuation behavior, it is intended exclusively for the daily timeframe, as lower intervals may fail to capture meaningful fundamental relationships.

Overall, the Asset Value Comparison Oscillator helps traders spot when an asset appears cheap or expensive relative to another, adding a layer of fundamental insight to strengthen directional trading decisions.