OPEN-SOURCE SCRIPT
Atualizado 10Y Yield Spread - Auto FX Pair
10Y Yield Spread — Auto FX Pair
Automatically displays the 10-year government bond yield spread for the FX pair currently on your chart. Switch from EURUSD to USDJPY to GBPAUD and the indicator instantly recalculates — no manual reconfiguration needed.
What it shows
The spread between the base currency's 10Y yield and the quote currency's 10Y yield, expressed in basis points. For example:
A positive spread (green) means the base currency offers a yield premium — historically a tailwind for the pair. A negative spread (red) means the opposite. The wider the spread, the stronger the rates differential pushing the pair.
Why it matters
Yield differentials are one of the most reliable medium-term drivers of major FX pairs. When the spread trends one way and the pair trends the other, you're often looking at a setup waiting to resolve — either the pair catches up, or the spread breaks. Particularly powerful for:
Supported pairs
All combinations of the 8 majors: USD, EUR, JPY, GBP, AUD, NZD, CAD, CHF. Auto-detection works on standard naming (EURUSD, EUR/USD, OANDA:USDJPY, FX:GBPJPY, etc.). For exotic symbols or futures, switch to Manual mode and pick base/quote from the dropdowns.
Yield benchmarks used
Settings
Recommended setup
Works on any FX chart timeframe from 15m to daily. For best results, pair this with my companion indicator Bond Yield Strength — 10Y Majors to see the full rates landscape alongside the specific spread of your pair.
Notes
DE10Y (German Bund) is used as the EUR proxy — it's the de facto eurozone benchmark used by rates desks globally. Data availability for some symbols depends on your TradingView plan; if a yield doesn't render, your plan may not include that exchange.
Feedback and suggestions welcome.
Automatically displays the 10-year government bond yield spread for the FX pair currently on your chart. Switch from EURUSD to USDJPY to GBPAUD and the indicator instantly recalculates — no manual reconfiguration needed.
What it shows
The spread between the base currency's 10Y yield and the quote currency's 10Y yield, expressed in basis points. For example:
- USD/JPY → US10Y minus JP10Y
- EUR/USD → DE10Y (Bund) minus US10Y
- GBP/AUD → GB10Y minus AU10Y
A positive spread (green) means the base currency offers a yield premium — historically a tailwind for the pair. A negative spread (red) means the opposite. The wider the spread, the stronger the rates differential pushing the pair.
Why it matters
Yield differentials are one of the most reliable medium-term drivers of major FX pairs. When the spread trends one way and the pair trends the other, you're often looking at a setup waiting to resolve — either the pair catches up, or the spread breaks. Particularly powerful for:
- Carry trade decisions (positive spreads = positive carry on the long side)
- Filtering FX trades against the macro backdrop
- Spotting divergences between price and rates
- Anticipating central bank repricing impact across pairs
- Confirming or fading reactions to CPI, NFP, and rate decisions
Supported pairs
All combinations of the 8 majors: USD, EUR, JPY, GBP, AUD, NZD, CAD, CHF. Auto-detection works on standard naming (EURUSD, EUR/USD, OANDA:USDJPY, FX:GBPJPY, etc.). For exotic symbols or futures, switch to Manual mode and pick base/quote from the dropdowns.
Yield benchmarks used
- USD → US10Y (US Treasury)
- EUR → DE10Y (German Bund, eurozone benchmark)
- JPY → JP10Y (JGB)
- GBP → GB10Y (Gilt)
- AUD → AU10Y
- NZD → NZ10Y
- CAD → CA10Y
- CHF → CH10Y
Settings
- Moving average: configurable SMA overlay (default 50) to smooth the spread trend
- Zero line: visual reference for spread sign change
- Background fill: green above zero, red below — instant regime read
- End label: shows current pair and live spread value in bps
- Pair detection: Auto (reads chart ticker) or Manual (override with dropdowns)
Recommended setup
Works on any FX chart timeframe from 15m to daily. For best results, pair this with my companion indicator Bond Yield Strength — 10Y Majors to see the full rates landscape alongside the specific spread of your pair.
Notes
DE10Y (German Bund) is used as the EUR proxy — it's the de facto eurozone benchmark used by rates desks globally. Data availability for some symbols depends on your TradingView plan; if a yield doesn't render, your plan may not include that exchange.
Feedback and suggestions welcome.
Notas de Lançamento
Update: overlay of the spread on the FX pairScript de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.