OPEN-SOURCE SCRIPT
Dollar Edge 2Y
📊 Fed vs ECB Edge – 2Y
This indicator tracks the 2-year government bond yield spread between the United States and Germany (US 2Y − DE 2Y).
The 2Y spread is a direct proxy for short-term monetary policy expectations, reflecting the relative stance of the Federal Reserve vs the European Central Bank.
📈 Rising spread → USD rate advantage
📉 Falling spread → EUR relief
Designed to provide macro context for EURUSD, FX flows, and carry trade analysis.
Best used alongside technical analysis — not as a standalone trading signal.
This indicator tracks the 2-year government bond yield spread between the United States and Germany (US 2Y − DE 2Y).
The 2Y spread is a direct proxy for short-term monetary policy expectations, reflecting the relative stance of the Federal Reserve vs the European Central Bank.
📈 Rising spread → USD rate advantage
📉 Falling spread → EUR relief
Designed to provide macro context for EURUSD, FX flows, and carry trade analysis.
Best used alongside technical analysis — not as a standalone trading signal.
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.