PROTECTED SOURCE SCRIPT
מעודכן FX 2Y Spread Auto

What it does
Plots the 2-year government bond yield spread for the current FX pair and timeframe you’re viewing.
Spread = Yield(Base currency) − Yield(Quote currency), shown in percentage points (pp).
How it works
Display & own scale
If you overlay it on price, pin the indicator to its own scale so it doesn’t flatten against the FX price scale.
Where to find it: Hover the indicator’s label, click More (⋯) → Pin to scale → choose Left or Right.
Automatically maps each currency to its 2Y benchmark:
USD→US02Y, EUR→DE02Y, CAD→CA02Y, CHF→CH02Y, GBP→GB02Y, AUD→AU02Y, NZD→NZ02Y, JPY→JP02Y
(EUR is represented by Germany’s 2Y Schatz: DE02Y.)
Pulls yields from TVC: symbols (e.g., TVC:US02Y, TVC:DE02Y) using the chart’s timeframe.
Many yield series are daily; on intraday charts the script forward-fills the last daily value so you always see a continuous line.
Interpretation (rule of thumb)
Spread ↑ (Base yields rising relative to Quote) → supports pair up (base currency appreciation).
Spread ↓ → supports pair down.
Short-end spreads (2Y) mainly reflect policy expectations; price can still diverge short-term due to risk sentiment, commodities (e.g., oil for CAD), positioning, or different maturities driving the move.
Examples
EURUSD → DE02Y − US02Y
USDJPY → US02Y − JP02Y
EURCAD → DE02Y − CA02Y
⚠️ Disclaimer
This indicator is for informational and analytical purposes only. It does not constitute financial advice, a trading signal, or a guarantee of future performance. Always perform your own research and consult with a qualified financial advisor before making trading decisions.
Plots the 2-year government bond yield spread for the current FX pair and timeframe you’re viewing.
Spread = Yield(Base currency) − Yield(Quote currency), shown in percentage points (pp).
How it works
Display & own scale
If you overlay it on price, pin the indicator to its own scale so it doesn’t flatten against the FX price scale.
Where to find it: Hover the indicator’s label, click More (⋯) → Pin to scale → choose Left or Right.
Automatically maps each currency to its 2Y benchmark:
USD→US02Y, EUR→DE02Y, CAD→CA02Y, CHF→CH02Y, GBP→GB02Y, AUD→AU02Y, NZD→NZ02Y, JPY→JP02Y
(EUR is represented by Germany’s 2Y Schatz: DE02Y.)
Pulls yields from TVC: symbols (e.g., TVC:US02Y, TVC:DE02Y) using the chart’s timeframe.
Many yield series are daily; on intraday charts the script forward-fills the last daily value so you always see a continuous line.
Interpretation (rule of thumb)
Spread ↑ (Base yields rising relative to Quote) → supports pair up (base currency appreciation).
Spread ↓ → supports pair down.
Short-end spreads (2Y) mainly reflect policy expectations; price can still diverge short-term due to risk sentiment, commodities (e.g., oil for CAD), positioning, or different maturities driving the move.
Examples
EURUSD → DE02Y − US02Y
USDJPY → US02Y − JP02Y
EURCAD → DE02Y − CA02Y
⚠️ Disclaimer
This indicator is for informational and analytical purposes only. It does not constitute financial advice, a trading signal, or a guarantee of future performance. Always perform your own research and consult with a qualified financial advisor before making trading decisions.
הערות שחרור
Flexible maturity selection: Choose between 2-Year, 5-Year, or 10-Year government bond yields.סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, אתה יכול להשתמש בו באופן חופשי וללא כל הגבלה - למד עוד כאן.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
סקריפט מוגן
סקריפט זה פורסם כמקור סגור. עם זאת, אתה יכול להשתמש בו באופן חופשי וללא כל הגבלה - למד עוד כאן.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.