OPEN-SOURCE SCRIPT
Recessions [TXMC]
This simple indicator prints a red band when US markets experience a recession. This data is taken directly from the Federal Reserve via TradingView.
This script is a good pair with my Treasury Yield Spread 10y-2y indicator.
This script is a good pair with my Treasury Yield Spread 10y-2y indicator.
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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