Treasury Yields Heatmap [By MUQWISHI]▋ INTRODUCTION :
The “Treasury Yields Heatmap” generates a dynamic heat map table, showing treasury yield bond values corresponding with dates. In the last column, it presents the status of the yield curve, discerning whether it’s in a normal, flat, or inverted configuration, which determined by using Pearson's linear regression coefficient. This tool is built to offer traders essential insights for effectively tracking bond values and monitoring yield curve status, featuring the flexibility to input a starting period, timeframe, and select from a range of major countries' bond data.
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▋ OVERVIEW:
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▋ YIELD CURVE:
It is determined through Pearson's linear regression coefficient and considered…
R ≥ 0.7 → Normal
0.7 > R ≥ 0.35 → Slight Normal
0.35 > R > -0.35 → Flat
-0.35 ≥ R > -0.7 → Slight Inverted
-0.7 ≥ R → Inverted
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▋ INDICATOR SETTINGS:
#Section One: Table Setting
#Section Two: Technical Setting
(1) Country: Select country’s treasury yields data
(2) Timeframe: Time interval.
(3) Fetch By:
(3A) Date: Retrieve data by beginning of date.
(3B) Period: Retrieve data by specifying the number of time series back.
Enjoy. Please let me know if you have any questions.
Thank you.
Yieldcurvecontrol
US Treasuries Yield CurveNews about the yield curve became pretty crucial for all the trades in the last year.
So in the team, we decided to implement a nice widget that will allow you to track the current yield curve in your chart directly.
It's possible to compare the current yield curve with past yield curves. You can choose to display the number of curves weeks, months, and years ago. So you can see the dynamics of the yield curve change.
When the Y2 > Y10 curve is considered invested, so you'll see an "Inverted" notification on the chart.
Thanks to @MUQWISHI for helping code it.
Disclaimer
Please remember that past performance may not indicate future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
