This script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in G10 Developed Countries against U.S Dollar. Concept and design were inspired by the data terminals used by commercial traders.
Period selection can be set in the menu. This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts. Or you can set the period manually from the menu. For more information about adaptive period:
This script works only for 1 day (1D) and 1 week (1W) time frames. The most efficient time frame is 1 week (1W) because of countries' different time-zones .
Features
Value changes on a percentage basis (%)
10-year government bond yields of the countries are given in the information panel.
In the information panel, the percentage values of the 10-year interest rates of the countries according to the adaptive period or the standard adjustable period are given.
INSTRUMENTS
DXY : U.S Dollar Index
JPY : Japanese Yen
EUR : Euro
GBP : British Pound
AUD : Australian Dollar
NZD : New Zealand Dollar
CAD : Canadian Dollar
CHF : Swiss Franc
NOK : Norwegian Krone
SEK : Swedish Krona
Info Panel
NOTES :
* Germany was chosen because it had the most dominant and decisive economy for the Euro Zone.
* Swiss interests are generally not considered as they are minus and close to 0.
Info Panel List
US10Y : US Government Bonds 10 Year Yield (%) and percentage change over the specified period.
JP10Y : Japan Government Bonds 10 Year Yield (%) and percentage change over the specified period.
DE10Y : German Government Bonds 10 Year Yield (%) and percentage change over the specified period.
GB10Y : UK Government Bonds 10 Year Yield (%) and percentage change over the specified period.
AU10Y : Australia Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NZ10Y : New Zealand Government Bonds 10 Year Yield (%) and percentage change over the specified period.
CA10Y : Canadian Government Bonds 10 Year Yield (%) and percentage change over the specified period.
NO10Y : Norway Government Bonds 10 Year Yield (%) and percentage change over the specified period.
SE10Y : Sweden Government Bonds 10 Year Yield (%) and percentage change over the specified period.
USAGE
The script can be used as an indicator by putting it under the chart as shown above. It is necessary to enlarge to see clearly. Since it is not often looked at, such use is the best method for healthy interpretation.