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OPEN-SOURCE SCRIPT

Equity Bond Currency Dashboard

Depicts demand-flow between Equities, Bonds and Currencies of 6 countries. Useful in tracking the flow of smart money and checking the dynamics of inter-connected markets.

Principle:

DXY lies at the heart of the diagram with usd-currency pairs of 5 countries connected to it. When demand for a currency increases it strengthens against Dollar. This is depicted by a line from DXY to the currency indicating demand flow from Dollar to the currency (DXY is only an indicative symbol for Dollar, the currency may not be part of the dollar index). Similarly when Dollar strengthens against the currency, demand flow is depicted by a line from the currency to DXY. Currency blocks are connected to Equity and Bond Yields of the respective countries. Equities and Bonds, when bought, takes the demand from the respective currencies and vice versa.

Overall, the demand flows in the direction of arrows. The flow is incomplete without commodities, import/export, interest/inflation rates of countries, however, the diagram most of the times explains why an asset class is performing the way it is.

Left side bar of each block is very similar to OHLC candles except for the following -
  • Instead of wicks, top and bottom of the bar represents high and low for the selected time-frame
  • Open and close are normalised for high and low
  • Bar border is red if close < prev.close, green if close >= prev.close


Other notes:
  • The diagram requires at least 200 bars in the chart to render. Please select the symbol and time-frame that contain at least 200 bars.
  • The diagram requires a live market to render the flow. To check flows on historical bars, set the option from settings.
  • Desired indices could be selected for countries of choice. Default settings point to futures wherever possible to have the markets live simultaneously across the countries.
BONDcurrencydashboardDemand ZoneEquityFLOWsentimentSupply Zoneyield

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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