OPEN-SOURCE SCRIPT

DXY Monthly Return (+3M Lead)

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This indicator calculates the rolling monthly return (based on 21 trading days) for the U.S. Dollar Index (DXY), applying a +3-month forward shift (lead) to the series.

It is designed to help visualize the leading effect of USD strength or weakness on other macro-sensitive assets — particularly Bitcoin and crypto markets, which often react to changes in global dollar liquidity with a lag of approximately 10 weeks.

Note: This script does not invert the values directly. To match the inverted Y-axis visual used by Steno Research — where negative USD returns are displayed at the top — simply right-click the Y-axis in the chart panel and select “Invert Scale.”

💡 Use this tool for macro trend analysis, early crypto signal generation, or studying inverse correlations between USD and risk assets.

Source logic: Steno Research, Bloomberg, Macrobond.

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