This indicator calculates momentum setups based on the Relative Strength Index (RSI) and plots in a separate pane. It offers multiple scanning modes such as Continuous Break, Continuous Retracement, Flip Break, Flip Retracement, and both regular and hidden div
Indicator · Pine Script v6 · Own pane
Rate Overlay (SOFR / ESTR / Euribor / yields)
Finds short-rate data for a US leg and a euro leg, trying a list of futures and yield symbols and using the first that returns bars, then plots the difference in a separate pane and optionally rescaled on the price chart.
GitHub stars1on the repository
Pine versionv6current
Lines of code216
Settings22inputs
LicenceNone stated
Last updateyesterday28 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
Futures prices are converted to rates. It measures how closely the rate line and the chart move together, a lag profile of eight bars, and flags large residuals. Data check and statistics tables show which symbols worked. A manual two-symbol mode is available.
- Automatic rate symbol discovery
- US minus EU rate difference
- Correlation and lag statistics
- Residual extreme shading
- Data check table
Details
Published by
rellis3 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Divergence
Markets
Indices, Forex
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| What to plot | string | US - EU (auto) | mode |
| US leg source | string | Auto: SOFR futures, then yields | usPref |
| SOFR curve point (1 = nearest) | int | 1 | usPt |
| EU leg source | string | Auto: ESTR, Euribor, then yield | euPref |
| Euro curve point (1 = nearest) | int | 1 | euPt |
| Also draw each leg separately | bool | false | showLegs |
| This pane shows | string | Futures price spread (like C.OG) | paneSty |
| Also draw the line on the price chart (rescaled) | bool | true | onPrice |
| Break the line when the euro market is closed | bool | true | hideOff |
| Invert the rate line | bool | true | invert |
| Manual: Rate A | symbol | CME:SR3H2027 | symA |
| A is a futures PRICE (rate = 100 - price) | bool | true | futA |
Show all 22 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Manual: Rate B | symbol | TVC:DE02Y | symB |
| B is a futures PRICE (rate = 100 - price) | bool | false | futB |
| Fit window (bars) | int | 1000 | normLen |
| Correlation window (bars) | int | 500 | corrLen |
| Residual flag (z) | float | 2.0 | resThr |
| Shift rate line forward (bars) | int | 0 | shiftN |
| Shade residual extremes | bool | true | showRes |
| Show statistics table | bool | true | showTbl |
| Show data check table | bool | true | showChk |
| Rate line colour | color | color.new(#3b82f6, 0) | lineCol |
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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