As traders we must keep track of lots of information to make educated decisions. One factor traders use a lot to gauge sentiment is Yield Inversion. This script paints a red background when it is inverted and a green background when it is not. This is not a comprehensive analysis just a quick way to spot changes in the bonds market. This can be applied to any symbol.
The “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk. This indicator gives a picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets. All of the last seven recessions were preceded by a...
This model uses the difference between 10-year and 3-month Treasury rates to calculate the probability of a recession in the United States twelve months ahead. By a simple gimpse, it has been correct for the last two recessions of 2000 and 2008. www.newyorkfed.org fred.stlouisfed.org
Credit to Sinuhet for creating the primary script. My change just gets rid of the bug that had erred in indicating another recession in 2015/2016.
Conceptual indicator based on trying to find an inverse correlation between bitcoin and traditional markets due to bitcoin's usefulness as a hedge against economic downturns. How to use this script: you look at it and see if there is a correlation or not between bitcoin/Ethereum price and either U.S. stock CVi, buy volume, sell volume, calls, puts, or the call/put ratio.