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FX Yield Spread

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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.
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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.

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