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...
Measure of the total economy wide inflation of the US Dollar. Total Inflation = growth rate of money supply / economic output
Identifies when the US Treasury Yield Curve inverts (2 and 10 year bond rates). When they ‘invert’ long-term bonds have a lower interest rate than short-term bonds. In other words, the bond market is pricing in a significant drop in future interest rates (which might be caused by the US Fed fighting off a recession in the future). In the last 50 years, every...
There are a couple of other Pine Scripts on TradingView that others have kindly contributed but they are presently out-dated because they shade recessions based on manual entries of time. Thanks to the availability of pulling data from QUANDL, we can pull official data from FRED on data like US Recessions. The FRED series data is taken from is here- ...
M2/M1 money stock value is the reflection of the degree of credit created which was mentioned by Ray Dalio in his 30 min video "How the Market and Economic Machines Work" Credit degree will finally decrease in the Long-Term Debt circle.