OPEN-SOURCE SCRIPT
Exact Dynamic Yield Spread
Yield Spread Overlay
"Yield Spread Overlay" is an indicator that displays the yield spread between two currencies based on their respective 10-year bond yields. It overlays directly onto the Forex chart, allowing real-time visualization of the relationship between the yield spread and the currency pair's price movements.
This indicator saves time by avoiding the manual addition of bond yields. Unlike manual methods, it supports smaller timeframes (1h, 4h, etc.), making it particularly useful.
Several customization options are available to suit individual preferences:
Custom Display: Adjust the line thickness and color.
Scale Position: Choose between displaying the scale on the right or left side of the chart.
This indicator helps traders better understand currency relationships and can serve as an additional tool within a Forex trading strategy.
All feedback, suggestions, and critiques—positive or negative—are welcome to continually improve this tool.
"Yield Spread Overlay" is an indicator that displays the yield spread between two currencies based on their respective 10-year bond yields. It overlays directly onto the Forex chart, allowing real-time visualization of the relationship between the yield spread and the currency pair's price movements.
This indicator saves time by avoiding the manual addition of bond yields. Unlike manual methods, it supports smaller timeframes (1h, 4h, etc.), making it particularly useful.
Several customization options are available to suit individual preferences:
Custom Display: Adjust the line thickness and color.
Scale Position: Choose between displaying the scale on the right or left side of the chart.
This indicator helps traders better understand currency relationships and can serve as an additional tool within a Forex trading strategy.
All feedback, suggestions, and critiques—positive or negative—are welcome to continually improve this tool.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.