Indicator
10Y Yield Spread - Auto FX Pair10Y 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:
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 PulseWire plan; if a yield doesn't render, your plan may not include that exchange.
Feedback and suggestions welcome. Indicator
Bond Yield Strength - 10Y MajorsBond Yield Strength — 10Y Majors
Track intraday momentum across the 8 major bond markets in a single panel. This indicator plots the change in 10-year government bond yields for USD, EUR, JPY, GBP, AUD, NZD, CAD and CHF, normalized to a common starting point so you can instantly see which currencies are catching a bid in the rates market — and which are getting sold.
What it shows
Each line represents how far a country's 10Y yield has moved (in basis points or %) since the start of the current period. All 8 lines start at zero on each reset, making relative strength immediately readable. A line climbing above zero means yields are rising in that country (typically bullish for the currency); a line falling below zero means yields are dropping.
The eight benchmarks tracked:
USD → US10Y (US Treasury)
EUR → DE10Y (German Bund, the eurozone benchmark)
JPY → JP10Y (JGB)
GBP → GB10Y (Gilt)
AUD → AU10Y
NZD → NZ10Y
CAD → CA10Y
CHF → CH10Y
Why it's useful
Rate differentials drive FX. When US yields rip while Bunds stay flat, EUR/USD usually feels it. This indicator gives you that read at a glance, without flipping between 8 separate charts. Particularly useful for:
Spotting which currencies have a yield tailwind heading into a session
Confirming or fading FX moves against the rates backdrop
Watching the reaction to central bank decisions, CPI releases, and bond auctions across all majors simultaneously
Identifying outliers (one yield diverging from the pack often precedes an FX move)
Settings
Display unit : basis points (default, the standard rates unit) or percent
Reset period : Daily, Weekly, or Monthly — choose your lookback horizon
Line thickness : 1 to 4
End-of-line labels : toggle currency tags with live values at the right edge of the chart
Day separators : optional dashed verticals at each session boundary
Recommended setup
Apply on a 24-hour symbol (e.g. FX:EURUSD or any major forex pair) on a 15m to 1h timeframe — bond symbols themselves don't trade overnight, so the chart's time axis needs to come from a continuously-quoted instrument. You can hide the underlying price plot via the chart's visibility toggle to keep only the yield indicator on screen.
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 PulseWire plan; if a yield doesn't render, your plan may not include that exchange.
Feedback and suggestions welcome. Indicator
Macro Risk Proxy Switchboard [AGPro Series]Macro Risk Proxy Switchboard
🧠 Core Idea
Are macro risk proxies supporting risk appetite, warning of defense, or sending a mixed signal?
📌 Overview / What it does
Macro Risk Proxy Switchboard is a macro context tool that compares multiple external risk proxies and converts them into a clean risk-on / risk-off switchboard.
The script uses configurable proxy symbols such as dollar pressure, yield pressure, volatility pressure, and credit appetite. It normalizes their recent movement, evaluates agreement, detects shock or divergence behavior, and displays the current macro regime directly on the chart.
It produces a macro risk rail, compact alignment labels, right-side regime tags, and a structured AG Pro panel. It does not predict price direction, automate decisions, or claim that macro proxies must control the chart.
🎯 Purpose & Design Philosophy
This script was built to solve a common context problem: traders often watch several macro proxies, but the information is scattered across different charts.
Macro Risk Proxy Switchboard compresses that context into one visual layer. It helps traders understand whether external risk conditions are supportive, defensive, mixed, or shocked.
The mindset is simple: price action matters first, but macro pressure can change the quality of breakouts, pullbacks, risk appetite, and continuation attempts.
⚡ Why This Script Is Different
Most tools focus only on the charted symbol.
This script does NOT treat macro data as a prediction engine.
Instead, it reads a configurable basket of risk proxies and asks whether those proxies agree, diverge, or create an external pressure warning.
The result is not a buy or sell signal. It is a compact macro context layer designed to improve situational awareness.
⚙️ Methodology
1. Proxy Selection
The script reads four configurable proxies: dollar pressure, yield pressure, volatility pressure, and credit appetite.
2. Proxy Normalization
Each proxy is measured by recent momentum and normalized against its own historical behavior so the readings can be compared.
3. Composite Evaluation
The script combines proxy pressure into a composite risk score and measures how many proxies agree with the current regime.
4. Visual Output
The output is displayed through a macro risk rail, event labels, right-side regime tags, and a clean AG Pro panel.
🗺️ How to Read the Chart
The macro rail represents the current external risk context.
Labels show important macro events such as risk-on alignment, risk-off alignment, proxy shock, or macro divergence.
Colors separate supportive, defensive, neutral, and shock-style behavior.
The panel shows macro regime, risk direction, composite pressure, agreement count, dominant proxy, individual proxy pressure, credit pressure, quality score, and next context.
🚦 Signals & States
• RISK-ON ALIGN → macro proxies are broadly supportive of risk appetite
• RISK-OFF ALIGN → macro proxies are broadly defensive or risk restrictive
• MIXED PROXIES → proxy agreement is weak or divided
• PROXY SHOCK → at least one proxy shows unusually strong pressure
• NEUTRAL BOARD → no clear macro tilt is active
🔔 Alerts Logic
Alerts trigger when the script detects risk-on alignment, risk-off alignment, proxy shock, or macro proxy divergence.
These alerts are attention markers only. They highlight a change in macro context, not a trading instruction.
🧩 Confluence Logic
The strongest macro context appears when multiple proxies point in the same direction and the composite score is strong.
When price structure, market trend, and macro proxy alignment agree, the context becomes more coherent.
When price action and macro pressure disagree, the chart should be interpreted with more caution.
📊 When to Use
• Crypto risk-on / risk-off evaluation
• Equity index context
• Breakout quality review
• Pullback environment analysis
• Volatility expansion periods
• Comparing price behavior against external macro pressure
⚠️ When NOT to Use
• When proxy symbols are unavailable on the selected PulseWire data plan
• During market holidays where proxy data may be stale
• On very low-liquidity symbols where local behavior dominates
• When using macro context as a standalone trade trigger
• When ignoring the chart’s own structure, liquidity, and volatility
🎛️ Key Inputs
• Dollar Pressure Proxy → default DXY-style risk pressure input
• Yield Pressure Proxy → default 10-year yield-style pressure input
• Volatility Proxy → default VIX-style defensive pressure input
• Credit Appetite Proxy → default HYG-style risk appetite input
• Proxy Momentum Length → controls how recent proxy movement is measured
• Proxy Rank Length → controls normalization stability
• Agreement Threshold → controls how strict risk-on/risk-off classification is
• Visual settings → control panel, rail, labels, and readability
🖥️ Interface & Visual Design
The interface is designed as a switchboard, not a traditional oscillator.
The panel carries the macro logic, while the chart displays only the most important regime rail and event labels.
This keeps the chart clean while still giving the viewer a premium first-glance macro context.
🧪 Practical Usage Workflow
1. Read the panel macro regime
2. Check risk direction and composite score
3. Review agreement count and dominant proxy
4. Compare macro rail with current price structure
5. Treat divergence or proxy shock as context requiring extra caution
🔍 Interpretation Guidelines
A risk-on reading does not guarantee upside.
A risk-off reading does not guarantee downside.
A proxy shock means external pressure is elevated and should be reviewed.
A mixed board means macro proxies are not giving a clean message.
The best use is to combine this switchboard with price action, structure, volatility, liquidity, and timeframe context.
🚫 What This Script Is NOT
This script is not a prediction engine.
It is not financial advice.
It is not an auto-trading system.
It does not provide guaranteed buy or sell signals.
It does not claim that macro proxies always lead price.
⚠️ Limitations & Transparency
Proxy symbols may behave differently across asset classes.
Some symbols may have delayed or unavailable data depending on the user’s PulseWire access.
Macro relationships can change over time.
Short-term price action can diverge from macro context for long periods.
Users should always interpret the switchboard within broader market conditions.
🧠 Market Context Notes
Macro context is most useful when it helps explain the quality of risk appetite.
Dollar pressure, yield pressure, volatility pressure, and credit appetite can all influence how traders interpret continuation, rejection, and acceptance behavior.
The script is built to simplify that context, not to replace the chart.
🧾 Use Case Examples
When price attempts a breakout while the switchboard shows risk-on alignment, the trader can evaluate whether external conditions support the move.
When price is holding support but the switchboard prints proxy shock, the trader can watch for defensive pressure.
When price trends strongly while macro proxies remain mixed, the trader can treat the move as less confirmed by external context.
🧱 System Philosophy
Macro Risk Proxy Switchboard follows the AGPro Series philosophy: clean decision-support tools that turn complex market context into readable, premium visual structure.
The script focuses on interpretation quality, not prediction claims.
🔐 Non-Promise Statement
No proxy basket can know the future.
No macro signal guarantees price direction.
This tool provides structured context only.
📉 Risk Disclosure
Trading involves risk.
Market conditions can change quickly.
All decisions remain the responsibility of the user.
This script does not provide financial advice or guaranteed trading outcomes.
📚 Educational Note
Use this script as an educational and analytical companion for studying macro pressure, risk appetite, defensive conditions, and cross-market context.
Indicator
Argentina Bonds TIR - Sovereign Bond Yield Curves Indicator# Argentina Bonds TIR
A comprehensive indicator that calculates the Internal Rate of Return (IRR/TIR) for Argentine sovereign bonds and projects future price curves at fixed yield levels.
## Features
**Real-time TIR Calculation**
- Calculates current yield based on market price and expected cashflows
- Uses Newton-Raphson iterative method for precise IRR calculation
- Day count convention: Actual/365 with T+1 settlement
**Automatic Currency Conversion**
- Works with any trading currency: ARS, USD MEP (D suffix), USD Cable (C suffix)
- Automatically converts prices using AL30/AL30D/AL30C ratios
- Bonares use MEP conversion, Globales use Cable conversion
**Yield Curve Projections**
- Projects price curves 150 bars into the future (configurable)
- Fixed TIR lines at 7%, 8%, 9%, 10%, 11%, 12% (each toggleable)
- Current TIR line showing price trajectory at current yield
- Custom TIR line with user-defined yield value
**Clear Labeling**
- Labels positioned near current date for easy reading (configurable offset)
- Color-coded lines for quick identification
- Info panel showing bond details, prices, TIR, and exchange rates
## Supported Bonds
**Bonares** (Argentina legislation, USD MEP): AE38, AL29, AL30, AL35, AL41, AN29
**Globales** (Foreign legislation, USD Cable): GD29, GD30, GD35, GD38, GD41, GD46
## How to Use
1. Apply indicator to any supported bond symbol (e.g., BCBA:AL30D, BCBA:GD35C)
2. The indicator auto-detects bond type and currency
3. View current TIR in the info panel
4. Use projected lines to visualize price targets at different yield levels
5. Toggle individual TIR lines on/off as needed
6. Add a custom TIR line for specific yield analysis
## Settings
**Display**: Show/hide current TIR line, projection bars (30-300), label offset in days
**Fixed TIR Lines**: Individual toggles for 7%, 8%, 9%, 10%, 11%, 12%
**Custom TIR**: Enable custom TIR line, set value (%), choose color
**Colors**: Customize colors for all lines
## Info Panel
Shows bond ticker, type (Bonar/Global), trading currency, current price, native price, current TIR percentage, MEP and CCL exchange rates.
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## Español
Indicador que calcula la Tasa Interna de Retorno (TIR) para bonos soberanos argentinos y proyecta curvas de precios futuros a niveles fijos de rendimiento.
### Características
- Cálculo de TIR en tiempo real usando método Newton-Raphson
- Conversión automática de moneda (ARS, USD MEP, USD Cable)
- Líneas de TIR fijas al 7%, 8%, 9%, 10%, 11%, 12%
- Línea de TIR personalizada configurable
- Panel informativo con detalles del bono y tipos de cambio
### Bonos Soportados
- **Bonares** (USD MEP): AE38, AL29, AL30, AL35, AL41, AN29
- **Globales** (USD Cable): GD29, GD30, GD35, GD38, GD41, GD46
---
**DISCLAIMER**: This indicator is for informational and educational purposes only. Eco Valores S.A. does NOT provide investment advice or recommendations. Consult a qualified financial advisor before making investment decisions.
**AVISO LEGAL**: Este indicador es solo para fines informativos y educativos. Eco Valores S.A. NO brinda asesoramiento ni recomendaciones de inversión. Consulte con un asesor financiero calificado antes de invertir.
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Global Bond Yields Monitor [MarktQuant]Global Bond Yields Monitor
The Global Bond Yields Monitor is designed to help users track and compare government bond yields across major economies. It provides an at-a-glance view of short- and long-term interest rates for multiple countries, enabling users to observe shifts in global fixed-income markets.
Key Features:
Multi-Country Coverage: Includes major advanced and emerging economies such as the United States, China, Japan, Germany, United Kingdom, Canada, Australia, and more.
Multiple Maturities: Displays yields for the 2-year, 5-year, 10-year, and 30-year maturities (20-year for Russia).
Dynamic Yield Data: Plots real-time yields for the selected country directly from PulseWire’s data sources.
Weekly Change Tracking: Calculates and displays the yield change from one week ago ( ) for each maturity.
Table Visualization: Option to display a compact data table showing current yields and weekly changes, color-coded for easier interpretation.
Visual Yield Curve Comparison: Plots yield lines for short- and long-term maturities, with shaded areas between curves for visual clarity.
Customizable Display: Choose table placement and whether to show or hide the weekly change table.
Use Cases
This script is intended for analysts, traders, and investors who want to monitor shifts in sovereign bond markets. Changes in yields can reflect adjustments in monetary policy expectations, inflation outlook, or broader macroeconomic trends.
❗Important Note❗
This indicator is for market monitoring and educational purposes only. It does not generate trading signals, and it should not be interpreted as financial advice. All data is sourced from PulseWire’s available market feeds, and accuracy may depend on the source data. Indicator
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10-Year Bond Yields (Interest Rate Differential)With this little script, I have attempted to incorporate fundamental data (in this case, 10-year bond yields) into technical analysis . When pairing two currencies, the one with a higher bond interest rate usually appreciates when the interest rate differential widens, or, to use a simple example: in a currency pair A vs. B, with A showing a higher bond yield than B, a widening interest rate gap is likely to help A and create a buying opportunity (shown as a blue square at the bottom of the chart), while the opposite is true when the gap tightens (sell signal, red square).
While long-term investors know about and make use of the importance of bond yield fluctuations, most short-term traders tend to dismiss the idea of using fundamental data, mostly for lack of quantifiability and limited impact in an intraday environment. After extensive backtesting on daily and intraday charts (6-12 hours), however, I realized this indicator still managed to produce useful results (less useful than on monthly and yearly charts, to be fair, but still useful enough), especially when paired with simple price-driven indicators, such as Heikin Ashi or linear regression .
My personal (and thus subjective) thoughts: worth a try. Buy and sell signals frequently contradicted both more popular indicators and my gut feeling and managed to take out losing trades that I had considered trades with a high winning probability. In other words, when the market lures traders into seemingly promising trading decisions, this indicator might give you an early warning, especially when you manage to adjust period and continuity parameters to your trading strategy.
Currency pairs used in this script are all possible combinations of the eight majors. Each security has been assigned a name ("inst01" to "inst08" in the code) and a broker; if you make changes to the code, be sure not to mess with currency and broker names as this would render the entire script useless. Good luck trading, and feel free to suggest improvements! Indicator
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Recession IndicatorThis script attempts to predict recessions four quarters ahead.
According to the New York Fed, "The yield curve—specifically, the spread between the interest rates on the ten-year Treasury
note and the three-month Treasury bill—is a valuable forecasting tool. It is simple to use
and significantly outperforms other financial and macroeconomic indicators in predicting
recessions two to six quarters ahead."
The paper offers Estimated Recession Probabilities Using the Yield Curve Spread:
Four Quarters Ahead
Recession Probability Value of Spread
(Percent) (Percentage Points)
5 1.21
10 0.76
15 0.46
20 0.22
25 0.02
30 -0.17
40 -0.50
50 -0.82
60 -1.13
70 -1.46
80 -1.85
90 -2.40
"Note: The yield curve spread is defined as the spread between the
interest rates on the ten-year Treasury note and the three-month
Treasury bill."
You can choose at which Recession Probability (percent) you want to display the signal (default value is 25%), as well as choose if you want to only display the signal at inversion (default) or at all times when the yield curve is inverted.
To use, just select your current timeframe from the menu.
Includes an option for repainting -- default value is true, meaning the script will repaint the current bar.
False = Not Repainting = Value for the current bar is not repainted, but all past values are offset by 1 bar.
True = Repainting = Value for the current bar is repainted, but all past values are correct and not offset by 1 bar.
In both cases, all of the historical values are correct, it is just a matter of whether you prefer the current bar to be realistically painted and the historical bars offset by 1, or the current bar to be repainted and the historical data to match their respective price bars.
As explained by PulseWire,`f_security()` is for coders who want to offer their users a repainting/no-repainting version of the HTF data. Indicator
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