This TradingView indicator calculates the Cynical Cold Index, which is a weighted basket of commodity prices designed to track economic conditions. It compares the price of a given asset to the index value.
Weights the commodities as percentages:
Weights the commodities as percentages:
- Gold: 10%
- Oil: 15%
- Coffee: 5%
- Natural Gas: 10%
- Silver: 15%
- Sugar: 5%
- Corn: 5%
- Wheat: 5%
- Cotton: 10%
- Copper: 10%
- Iron Ore: 5%
- Live Cattle: 5%
- Urea: 5%