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
Yield Lag Forecast
Detects the FX pair on the chart and pulls daily 2-year and 10-year government yields for both currencies.
GitHub stars1on the repository
Pine versionv6current
Lines of code812
Settings24inputs
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
Yield Lag Forecast blends them into a yield-spread z-score drawn as an oscillator in a separate pane, tracks its rate of change and flags abnormal moves. A rolling regression of price on that spread gives a yield-implied fair value and a divergence z-score, which can be drawn on price and tint the background when abnormal. Settings include the 2-year weight, z-score lookback, lag horizon and regression windows.
- Auto-detected FX pair yield legs
- Yield spread z-score oscillator
- Rolling regression fair value
- Divergence flag and background tint
- Statistics table
Details
Published by
rellis3 on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Oscillators & momentum, Divergence
Markets
Forex
Timeframes
H4 and above
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 |
|---|---|---|---|
| Override (only if auto-detect is wrong) | string | Auto-detect | pairOverride |
| 2Y weight (10Y weight = 1 - this) | float | 0.6 | w2y |
| Z-score lookback (trading days) | int | 90 | zLen |
| Lead-lag horizon (trading days, 1 ≈ next 24h) | int | 1 | lagDays |
| RoC smoothing window (trading days) | int | 3 | rocSmoothLen |
| Abnormal |RoC z| threshold | float | 1.5 | absThresh |
| Beta/correlation fit window (trading days) | int | 60 | betaLen |
| Min valid samples before trusting beta | int | 15 | minSamples |
| Show rolling optimal lag (1-5d) | bool | true | showOptimalLag |
| Regression window (trading days) | int | 120 | divWindow |
| Abnormal |Divergence Z| threshold | float | 1.5 | divAbsThresh |
| Min valid samples before trusting fair value | int | 30 | divMinSamples |
Show all 24 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Plot yield fair-value line on price | bool | true | showFairValueLine |
| Fair-value line color | color | color.new(color.blue, 0) | fvCol |
| Color when price > fair value (z > 0) | color | color.new(color.purple, 0) | divUpCol |
| Color when price < fair value (z < 0) | color | color.new(color.orange, 0) | divDnCol |
| Snap-back check horizon (trading days) | int | 10 | baseRateHorizon |
| Snap-back lookback (trading days) | int | 250 | baseRateWindow |
| Show forward forecast line | bool | true | showForecastLine |
| Show stats table | bool | true | showTable |
| Tint background on abnormal divergence | bool | true | tintBg |
| Forecast up color | color | color.new(color.teal, 0) | upCol |
| Forecast down color | color | color.new(color.red, 0) | dnCol |
| Visual smoothing (bars, cosmetic only) | int | 3 | flowSmoothLen |
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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