Renminbi Peg Band

Simple script to draw the upper and lower bands based on the % tolerance the PBOC has set around their reference rate.

Right now, reference rate and % tolerance are input variables that must be input/updated manually. Hopefully one day Tradingview allows the automatic update to be scripted.
Remove from Favorite Scripts Add to Favorite Scripts
//FxLowe - CNY Peg Bands.

study(title = "CNY Peg Band", overlay = true)
ReferenceRate = input(title="Reference Rate", type=float, defval=6.5233)
TolerancePercent = input(title="Percentage Tolerance", type=float, defval=2.1)

band = ReferenceRate * (TolerancePercent/100)

plot(ReferenceRate+band, title="Upper Bound", color=orange, editable=true)
plot(ReferenceRate-band, title="Lower Bound", color=orange, editable=true)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out