OPEN-SOURCE SCRIPT
Rate of Change Indicator
Hi,
I just vibe~coded a "Rate of Change" indicator using US 10Y Bond Yield as a reference. The idea is simple — instead of just looking at where bond yields are, this indicator measures how fast they're changing, which can give you an early read on momentum shifts in the market.
The indicator calculates the percentage change in the close price over a set lookback period (default: 14 bars). When the ROC is rising and positive, it signals accelerating upward momentum in yields — typically a bearish signal for equities and risk assets. When it's falling and negative, it suggests yields are losing downside momentum, which can be a relief signal for the broader market.
The histogram bars are color-coded for quick reading — teal for bullish momentum, red for bearish, and faded versions of each when momentum is weakening. A subtle background tint reinforces the overall bias at a glance.
It also comes with built-in alerts for when the ROC crosses above or below zero — those zero-line crossovers are often the cleanest signal of a momentum regime change worth paying attention to.
Give it a try on your bond yield charts (or) any instruments that you prefer and let me know what you think!
I just vibe~coded a "Rate of Change" indicator using US 10Y Bond Yield as a reference. The idea is simple — instead of just looking at where bond yields are, this indicator measures how fast they're changing, which can give you an early read on momentum shifts in the market.
The indicator calculates the percentage change in the close price over a set lookback period (default: 14 bars). When the ROC is rising and positive, it signals accelerating upward momentum in yields — typically a bearish signal for equities and risk assets. When it's falling and negative, it suggests yields are losing downside momentum, which can be a relief signal for the broader market.
The histogram bars are color-coded for quick reading — teal for bullish momentum, red for bearish, and faded versions of each when momentum is weakening. A subtle background tint reinforces the overall bias at a glance.
It also comes with built-in alerts for when the ROC crosses above or below zero — those zero-line crossovers are often the cleanest signal of a momentum regime change worth paying attention to.
Give it a try on your bond yield charts (or) any instruments that you prefer and let me know what you think!
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Telegram: t.me/sonictraders
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
Telegram: t.me/sonictraders
免責事項
これらの情報および投稿は、TradingViewが提供または承認する金融、投資、取引、またはその他の種類の助言もしくは推奨であることを意図したものではなく、またこれらに該当するものでもありません。詳細は利用規約をご覧ください。