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Sniper Macro Dashboard PRO (Momentum)
Stop trading Forex blindly. It is not trendlines or RSI levels that drive long-term currency trends—it is Capital Flows. Smart Money always flows to where it expects the highest yield and economic stability.
This script, the Sniper Macro Dashboard PRO, automates the complex macroeconomic analysis usually reserved for hedge funds. It automatically fetches and compares economic data for the current currency pair to calculate the Yield Spread, giving you a clear institutional directional bias.
🚀 The 3 Pillars of Analysis
The indicator analyzes three layers of fundamental data:
🔮 Government Bonds (10Y Yields) – The Prophet: This is your most important leading indicator. The bond market moves in real-time, pricing in future interest rate changes. If yields for a currency rise faster than its pair, capital flows in.
Use case: The fastest signal for trend reversals.
🔥 Inflation (CPI YoY) – The Fuel: Shows the inflationary pressure. Rising inflation often forces Central Banks to hike rates (bullish for the currency).
Use case: Confirmation for the bond yields.
🏦 Central Bank Rates – The Rearview Mirror: The current official interest rate. It is often a lagging indicator but important for Carry Traders.
📊 The Dashboard Features
The panel on your chart provides an instant overview of the fundamental facts:
BIAS (Long/Short):
🟢 GREEN (LONG): The Base Currency has a fundamental advantage (higher yields/inflation).
🔴 RED (SHORT): The Quote Currency is stronger. Look for Short setups only.
MOM (Momentum – The Arrow):
This is your Early Warning System. It compares today's spread with the spread from 5 days ago (1 trading week).
A Red Arrow (↘️) inside a Green Box warns you: "The bullish trend is losing steam, capital is leaving!" — often long before the price turns.
⚠️ Automatic Divergence Detection
The indicator automatically scans for discrepancies between Price and Macro Data:
▼ Bearish Divergence: Price makes a Higher High, but the Yield Spread is already dropping. (Warning: Potential Bull Trap).
▲ Bullish Divergence: Price makes a Lower Low, but the Yield Spread is already rising. (Smart Money is buying the dip).
🛠 How to use this tool (Workflow)
Use this indicator as a Directional Filter, not as a blind entry signal.
Check the Trend: Analyze your chart structure (e.g., Daily or Weekly).
Check the Dashboard:
Are Bonds & CPI RED? -> Only look for Short Setups (Supply Zones).
Are Bonds & CPI GREEN? -> Only look for Long Setups (Demand Zones).
Check Momentum:
Does the Arrow point in the same direction as the Bias? -> A+ Setup (Full Conviction).
Does the Arrow point in the opposite direction? -> Caution (Trend might be turning / Take Profit).
Settings
Chart Curve Mode: Choose which data to display as the background curve (Default: Bonds).
Sensitivity: Adjust how fast divergences are detected (Default: 2).
Table: Customize the position and size of the dashboard to fit your screen
This script, the Sniper Macro Dashboard PRO, automates the complex macroeconomic analysis usually reserved for hedge funds. It automatically fetches and compares economic data for the current currency pair to calculate the Yield Spread, giving you a clear institutional directional bias.
🚀 The 3 Pillars of Analysis
The indicator analyzes three layers of fundamental data:
🔮 Government Bonds (10Y Yields) – The Prophet: This is your most important leading indicator. The bond market moves in real-time, pricing in future interest rate changes. If yields for a currency rise faster than its pair, capital flows in.
Use case: The fastest signal for trend reversals.
🔥 Inflation (CPI YoY) – The Fuel: Shows the inflationary pressure. Rising inflation often forces Central Banks to hike rates (bullish for the currency).
Use case: Confirmation for the bond yields.
🏦 Central Bank Rates – The Rearview Mirror: The current official interest rate. It is often a lagging indicator but important for Carry Traders.
📊 The Dashboard Features
The panel on your chart provides an instant overview of the fundamental facts:
BIAS (Long/Short):
🟢 GREEN (LONG): The Base Currency has a fundamental advantage (higher yields/inflation).
🔴 RED (SHORT): The Quote Currency is stronger. Look for Short setups only.
MOM (Momentum – The Arrow):
This is your Early Warning System. It compares today's spread with the spread from 5 days ago (1 trading week).
A Red Arrow (↘️) inside a Green Box warns you: "The bullish trend is losing steam, capital is leaving!" — often long before the price turns.
⚠️ Automatic Divergence Detection
The indicator automatically scans for discrepancies between Price and Macro Data:
▼ Bearish Divergence: Price makes a Higher High, but the Yield Spread is already dropping. (Warning: Potential Bull Trap).
▲ Bullish Divergence: Price makes a Lower Low, but the Yield Spread is already rising. (Smart Money is buying the dip).
🛠 How to use this tool (Workflow)
Use this indicator as a Directional Filter, not as a blind entry signal.
Check the Trend: Analyze your chart structure (e.g., Daily or Weekly).
Check the Dashboard:
Are Bonds & CPI RED? -> Only look for Short Setups (Supply Zones).
Are Bonds & CPI GREEN? -> Only look for Long Setups (Demand Zones).
Check Momentum:
Does the Arrow point in the same direction as the Bias? -> A+ Setup (Full Conviction).
Does the Arrow point in the opposite direction? -> Caution (Trend might be turning / Take Profit).
Settings
Chart Curve Mode: Choose which data to display as the background curve (Default: Bonds).
Sensitivity: Adjust how fast divergences are detected (Default: 2).
Table: Customize the position and size of the dashboard to fit your screen
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.