How To Build A Market Monitor On Tradingview?
It's very easy! This video will give you a quick overview of how to build one in no time at all.
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We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://bit.ly/2HFykNd
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So the first one that we have is called, we just called it the Forex Majors. And what this basically is, is just the US Dollar index right in the corner and then we have the seven major currency pairs, are the Aussie, the Euro, the Pound, the Kiwi, the CAD, the Swissy, as well as the Yen. So that one should be fairly straightforward to set up.
The other ones that we have is the commodity one. So going over to the commodity majors, of course gold will always be an important one. We've added in silver and platinum just to get an overall theme in view of the metal complex. But you can substitute silver and platinum for maybe be something like the CRB Index or maybe even something like the Bloomberg Commodity Index. The reason why I went with silver and platinum is because they run throughout the session.
Of course, the CRB Index and the Bloomberg index will only run during New York trading hours. But you can substitute these two for any other commodities that you want to watch. And then of course, the other important ones would be WTI, Brent Crude and of course copper on the commodity side.
Then turning to equities, you can really play around with what you wanna see here. I've basically set this up to have a view of the equity futures obviously, because they run throughout the day. So over here I have the E-mini, the S&P 500 E-mini. Set up the equity future, also the Dow Future, the NASDAQ 100 Futures, the DAX Futures the Euro Stoxx 50 Futures, ASX. Now the one from OANDA is called AU200, AUD. So just write that code. And then obviously for the Nikkei, it's called JP225 USD. So that'll be all the futures markets.
Now you can of course use the cash ones as well, like the actual S&P 500 cash index. But of course, that will only run through the New York trading sessions. So just keep that in mind and then right at the bottom another important one, of course to always have a look at is the volatility, the overall equity volatility.
So we have the VIX up there, the one that we use is called, it's just VIX. And I think this is the one from TVC if I'm, yeah, there we go from TVC. So just an overview of the overall equity markets from a global perspective. And then going on to bonds, we also have a view of most of the major government bonds.
So we have the US 10-Year, the bond 10-Year, Canada and New Zealand, Japan, UK and Aussie 10 years. And then right here in the bottom, we actually have the BTP bond spreads, that's basically Italian bonds versus German bonds. And the way that you get that you'll see it's actually, you actually need to subtract the bond from the BTP 10 years.
Of course, this one is important for us, from a Euro point of view, and only a good measure of the overall risk premium. And of course, a good gauge to have on your chart. And then apart from that you can also play around with some other setups so we obviously have to look at the majors, the commodities, the equities, as well as the bonds. But then you can play around. We also have a volatility or cross asset volatility, setup that we've built.
So if I just quickly remove the S&P 500 overlay, you can see over here you have the VIX, but you can also add in things like the OVX which is the volatility for oil or GVX, volatility for gold. You also have the EU, JY and BP VIXes, which is basically the Euro the Yen and the Pound. And we've basically added them together to get an overall basic volatility view of the currencies.
Then we also have TYVIX, tracking bond volatility then you also have HYG, high yield credit volatility and then you also have VXEEM, which basically tracks emerging market volatility. So you can add that as well just as an add on. And apart from that, that's really all that you need to have for an overall market monitor. You can play around and do other things.
It does take a little bit of work though, and I'm not sure whether that is really something that I will use on a day-to-day basis. It's just more of an overview type of thing.
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If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it
https://bit.ly/2HFykNd
----
We interpret and explain price moves in real-time, 24 hours a day. Our team of analysts produce text, video and audio commentary.
You understand the markets and trade with confidence. Learn more at our website here: https://bit.ly/2HFykNd
-----
So the first one that we have is called, we just called it the Forex Majors. And what this basically is, is just the US Dollar index right in the corner and then we have the seven major currency pairs, are the Aussie, the Euro, the Pound, the Kiwi, the CAD, the Swissy, as well as the Yen. So that one should be fairly straightforward to set up.
The other ones that we have is the commodity one. So going over to the commodity majors, of course gold will always be an important one. We've added in silver and platinum just to get an overall theme in view of the metal complex. But you can substitute silver and platinum for maybe be something like the CRB Index or maybe even something like the Bloomberg Commodity Index. The reason why I went with silver and platinum is because they run throughout the session.
Of course, the CRB Index and the Bloomberg index will only run during New York trading hours. But you can substitute these two for any other commodities that you want to watch. And then of course, the other important ones would be WTI, Brent Crude and of course copper on the commodity side.
Then turning to equities, you can really play around with what you wanna see here. I've basically set this up to have a view of the equity futures obviously, because they run throughout the day. So over here I have the E-mini, the S&P 500 E-mini. Set up the equity future, also the Dow Future, the NASDAQ 100 Futures, the DAX Futures the Euro Stoxx 50 Futures, ASX. Now the one from OANDA is called AU200, AUD. So just write that code. And then obviously for the Nikkei, it's called JP225 USD. So that'll be all the futures markets.
Now you can of course use the cash ones as well, like the actual S&P 500 cash index. But of course, that will only run through the New York trading sessions. So just keep that in mind and then right at the bottom another important one, of course to always have a look at is the volatility, the overall equity volatility.
So we have the VIX up there, the one that we use is called, it's just VIX. And I think this is the one from TVC if I'm, yeah, there we go from TVC. So just an overview of the overall equity markets from a global perspective. And then going on to bonds, we also have a view of most of the major government bonds.
So we have the US 10-Year, the bond 10-Year, Canada and New Zealand, Japan, UK and Aussie 10 years. And then right here in the bottom, we actually have the BTP bond spreads, that's basically Italian bonds versus German bonds. And the way that you get that you'll see it's actually, you actually need to subtract the bond from the BTP 10 years.
Of course, this one is important for us, from a Euro point of view, and only a good measure of the overall risk premium. And of course, a good gauge to have on your chart. And then apart from that you can also play around with some other setups so we obviously have to look at the majors, the commodities, the equities, as well as the bonds. But then you can play around. We also have a volatility or cross asset volatility, setup that we've built.
So if I just quickly remove the S&P 500 overlay, you can see over here you have the VIX, but you can also add in things like the OVX which is the volatility for oil or GVX, volatility for gold. You also have the EU, JY and BP VIXes, which is basically the Euro the Yen and the Pound. And we've basically added them together to get an overall basic volatility view of the currencies.
Then we also have TYVIX, tracking bond volatility then you also have HYG, high yield credit volatility and then you also have VXEEM, which basically tracks emerging market volatility. So you can add that as well just as an add on. And apart from that, that's really all that you need to have for an overall market monitor. You can play around and do other things.
It does take a little bit of work though, and I'm not sure whether that is really something that I will use on a day-to-day basis. It's just more of an overview type of thing.
-----
If you find this content helpful, you’ll love Forex Source.
There’s a link below were you can learn more about it
https://bit.ly/2HFykNd
