Gold Net Strength is a multi-market analytical mt5 indicator designed to measure the relative power of Gold against the US Dollar using a weighted basket approach. Instead of relying on a single price pair, it evaluates Gold strength across several Gold-crosses and compares it with a broad USD index derived from major and minor dollar pairs. The result is a clear, normalized view of whether Gold is gaining or losing dominance versus USD.
The indicator is displayed in a separate window and combines three visual layers: a net strength histogram, smooth strength lines, and a signal line.
Positive histogram values highlight periods where Gold outperforms USD, while negative values indicate USD dominance. The Gold Strength and USD Strength lines allow deeper insight into which side is driving the move, and the Net Strength line summarizes the balance between them. A smoothed signal line helps identify shifts in momentum and potential trend transitions.