This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v6 · Own pane
LASTRO Risk Overlay
A monthly macro monitor that pulls two FRED series, the Baa credit spread and the NFCI financial conditions index, and converts each into a rolling z-score.
Repaints
GitHub stars1on the repository
Pine versionv6current
Lines of code111
Settings9inputs
LicenceNone stated
Last update2 weeks ago9 Oct 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Each axis flips into a stress state above an entry threshold and back out below an exit threshold. The number of stressed axes scales a candidate de-risking weight, capped by a maximum setting. It plots in a separate pane, colours the background and marks changes, and keeps executable weights off until capital approval is switched on.
- Rolling z-score on credit spread and NFCI
- Entry and exit stress thresholds
- Candidate de-risking weight with a cap
- Background colouring and regime change marks
Details
Published by
arthur1535 on GitHub
Type
Draws
Separate pane below the chart
Category
Markets
Timeframes
H4 and above
Risk Notes
- Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Spread de crédito Baa | symbol | FRED:BAA10Y | creditSymbol |
| Condições financeiras (NFCI) | symbol | FRED:NFCI | conditionsSymbol |
| Janela do z-score (meses) | int | 36 | lookback |
| Entrada em estresse | float | 1.0 | entryZ |
| Saída do estresse | float | 0.5 | exitZ |
| De-risking máximo do sleeve tático | float | 0.50 | maxDerisk |
| Aprovar overlay para capital | bool | false | capitalApproved |
| Colorir o sinal candidato | bool | true | showBackground |
| Marcar mudanças do sinal candidato | bool | true | showSignals |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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