OPEN-SOURCE SCRIPT
Actualizado FX Yield Spread
FX & Futures Yield Spread (2Y & 10Y)
FX & Futures Yield Spread (2Y & 10Y) is a macro-driven indicator designed to measure the interest rate differential between two currencies using their respective 2-year and 10-year government bond yields.
It automatically detects the base and quote currencies from:
Major CME FX futures (standard and micro contracts)
Forex pairs
Crypto pairs (when applicable)
🔎 What It Does
The indicator:
Retrieves 2-year and 10-year sovereign yield data for both currencies in the pair
Calculates the yield spread:
2Y Spread = Base 2Y Yield − Quote 2Y Yield
10Y Spread = Base 10Y Yield − Quote 10Y Yield
Plots the spreads in a separate pane
Includes an optional zero line for directional clarity
📊 Why It Matters
Yield spreads are a key macro driver of currency valuation.
A rising spread typically favors the base currency
A falling spread typically favors the quote currency
The 2Y spread often reflects short-term monetary policy expectations
The 10Y spread reflects longer-term growth and inflation outlook
This makes the indicator especially useful for:
Macro FX traders
Futures traders
Intermarket analysis
Policy divergence tracking
⚙️ Customization Options
Toggle 2Y and 10Y spreads independently
Enable or disable the zero reference line
Adjust the yield data timeframe (Daily, Weekly, etc.)
Add a custom exchange prefix for yield tickers if required by your data feed
🛡️ Stability & Safety
Includes strict currency detection logic
Uses safe security calls to prevent chart errors
Displays warning labels if yield data is missing
In short, this indicator helps traders align currency price action with underlying rate differentials — one of the most powerful long-term drivers in FX markets.
FX & Futures Yield Spread (2Y & 10Y) is a macro-driven indicator designed to measure the interest rate differential between two currencies using their respective 2-year and 10-year government bond yields.
It automatically detects the base and quote currencies from:
Major CME FX futures (standard and micro contracts)
Forex pairs
Crypto pairs (when applicable)
🔎 What It Does
The indicator:
Retrieves 2-year and 10-year sovereign yield data for both currencies in the pair
Calculates the yield spread:
2Y Spread = Base 2Y Yield − Quote 2Y Yield
10Y Spread = Base 10Y Yield − Quote 10Y Yield
Plots the spreads in a separate pane
Includes an optional zero line for directional clarity
📊 Why It Matters
Yield spreads are a key macro driver of currency valuation.
A rising spread typically favors the base currency
A falling spread typically favors the quote currency
The 2Y spread often reflects short-term monetary policy expectations
The 10Y spread reflects longer-term growth and inflation outlook
This makes the indicator especially useful for:
Macro FX traders
Futures traders
Intermarket analysis
Policy divergence tracking
⚙️ Customization Options
Toggle 2Y and 10Y spreads independently
Enable or disable the zero reference line
Adjust the yield data timeframe (Daily, Weekly, etc.)
Add a custom exchange prefix for yield tickers if required by your data feed
🛡️ Stability & Safety
Includes strict currency detection logic
Uses safe security calls to prevent chart errors
Displays warning labels if yield data is missing
In short, this indicator helps traders align currency price action with underlying rate differentials — one of the most powerful long-term drivers in FX markets.
Notas de prensa
FX & Futures Yield Spread (2Y & 10Y)FX & Futures Yield Spread (2Y & 10Y) is a macro-driven indicator designed to measure the interest rate differential between two currencies using their respective 2-year and 10-year government bond yields.
It automatically detects the base and quote currencies from:
Major CME FX futures (standard and micro contracts)
Forex pairs
Crypto pairs (when applicable)
🔎 What It Does
The indicator:
Retrieves 2-year and 10-year sovereign yield data for both currencies in the pair
Calculates the yield spread:
2Y Spread = Base 2Y Yield − Quote 2Y Yield
10Y Spread = Base 10Y Yield − Quote 10Y Yield
Plots the spreads in a separate pane
Includes an optional zero line for directional clarity
📊 Why It Matters
Yield spreads are a key macro driver of currency valuation.
A rising spread typically favors the base currency
A falling spread typically favors the quote currency
The 2Y spread often reflects short-term monetary policy expectations
The 10Y spread reflects longer-term growth and inflation outlook
This makes the indicator especially useful for:
Macro FX traders
Futures traders
Intermarket analysis
Policy divergence tracking
⚙️ Customization Options
Toggle 2Y and 10Y spreads independently
Enable or disable the zero reference line
Adjust the yield data timeframe (Daily, Weekly, etc.)
Add a custom exchange prefix for yield tickers if required by your data feed
🛡️ Stability & Safety
Includes strict currency detection logic
Uses safe security calls to prevent chart errors
Displays warning labels if yield data is missing
In short, this indicator helps traders align currency price action with underlying rate differentials — one of the most powerful long-term drivers in FX markets.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.