Interest Rate and GDP Dashboard

The Interest Rate and GDP Dashboard indicator provides traders with real-time insights into Interest Rates and Gross Domestic Product (GDP) from the world's major central banks. It aims to help analysts understand global risk-on and risk-off environments across different currencies and asset classes by visualizing key macroeconomic data directly on the chart.

Usage

The Usage section focuses on monitoring the global financial landscape through a centralized dashboard and on-chart visual aids.

• Dashboard Visualization: The tool displays live interest rates, the most recent rate changes, and GDP figures for Australia, Canada, Europe, Japan, New Zealand, Switzerland, the United Kingdom, and the United States.
• Forex Context: When applied to a Forex pair, the dashboard can dynamically filter to show only relevant interest rate differentials, aiding in the determination of long-term bias.
• Historical Analysis: Use the "Interest Change Labels" to pinpoint historical rate hikes or cuts. Hovering over these labels provides a tooltip with the specific percentage change.
• Sentiment Marking: Enable "Interest Change Lines" to plot vertical lines at every rate change event, helping to identify shifts in global financial sentiment over time.

Details

This tool leverages the concept of Interest Rate Differentials, a fundamental factor used in institutional trading to gauge currency strength. By understanding the spread between two central banks' rates, traders can align their strategies with higher-timeframe narratives. The script also integrates GDP data to provide a broader economic context. Historical events are marked using TradingView's drawing capabilities (labels and lines) to visualize the relationship between price action and central bank policy shifts.

Settings

Table Settings

• Show Only Relevant Countries?: When enabled, filters the dashboard to only show countries related to the current chart symbol (primarily for Forex).
• Show Last Interest Rate Change?: Toggles the visibility of the most recent percentage change in interest rates in the dashboard.
• Show Last Interest Rate Change Date?: Toggles the display of the specific date when the interest rate last changed.
• Show GDP?: Displays or hides the Gross Domestic Product data in the dashboard.
• Position and Size: Adjusts the table's vertical/horizontal alignment and text size.

Style

• Show Interest Change Lines?: Enables vertical lines on the chart at the time of interest rate changes.
• Line Style: Customizes the appearance of change lines (Dashed, Dotted, or Solid).
• Show Interest Change Labels?: Enables the display of "▼" and "▲" labels on the chart to indicate rate changes.
• Label Size: Adjusts the size of the on-chart labels.

FAQ

How do I access the Interest Rate and GDP Dashboard?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Can I use this for non-Forex symbols?

Yes, if the symbol is not a Forex pair, the dashboard will default to showing all available central bank data rather than a specific differential.

Why do I see horizontal lines when enabling change lines?

This is a minor rendering limitation in Pine Script; if this occurs, scrolling to the far left of your chart history will typically resolve the visual alignment.