Please help - I would like an indicator for Interest Rates

I would like an indicater that can produce the following:

1. Interest rates for currencies that I want to select on a chart
2. Something to capture best matching polarity
3. Something that would match up the most likely carry trades based on the interest rates (this would be for helping identify confluence of position trading)

Note: Item 3 would be used in a sense of a way for instance what big institutions would move their money over to - If you have any knowledge of Chris Lori you will know why I am looking for this.


Thank you. I hope this is clear, if not I will be happy to explain more.

This type of request has been asked before and received no response.

Just to address your point #1, you'd first need to find a web-based source of interest rate data (by "interest rate" I assume you mean central bank rates for each of the 8 major currencies?). I also assume that you're talking long term data (i.e. the possibility of for rate changes occur every 1-2 months), hence to have an immediately working indicator you'd need a decent amount of historical data. Unless you can find (Google) a consolidated source, it's probably means going to individual bank web sites (Fed, BOE, BOJ, etc - here is a list) and - if you want a fully automated solution - having code written that gathers this data as a starting point, and then - going forward - polls these sites periodically.

I spent about 15 minutes searching, and the best site I could find was this one, whose "Graph and archive" links will give you historical central bank rates for the US, UK and NZ. A more exhaustive search will likely find a better one.

However, given that the central bank rate changes occur no more frequently than once every month, you might decide to assemble this data manually yourself from FF calendar.

If you can get to this point, i.e. produce a file with dates and rates, then I have an indicator (attached) that is capable of plotting data from 'external' non-FX sources on MT4 charts (given data is: date, value). It could probably be easily modified to meet your requirement.

Re your points #2 and #3, I don't understand what you mean by "best matching polarity" or "confluence of position trading". However, I expect that #1 needs addressing before it's possible to even consider #2 and #3.

mt4 go to market watch /currency click symbol/ currency/ properties shows all interest rates short and long

not so difficult
from BRIAN

Unzip the attached into the same folders shown in the ZIP archive.

The central_bank_rates.csv file has been created manually (from data in FF calendar), and must be likewise maintained, going forward. Every time there's a change to any one of the 8 banks' rates, a new line must be added to the end of the file. The format should be self-explanatory (see the header record). If anybody wants to write a script that reads relevant data from the web and appends it to the end of the file, please feel welcome.

Toggle between timeframes to manually refresh the indicator plot.

The concept is open-ended. For example, you could change the values in the file to reflect GDP, CPI, Retail Sales, Unemployment, etc values, and the indicator should plot those just as happily.

Hanover thank you so much I appreciate all of your help. this is awesome. I am going to go through this and see how it goes for me. I will be working on this and update you with my progress. thanks again so much

I cant get the rates to show up. I see the window but the rates dont show up I extracted files as indicated.

What happens if you switch back and forth between timeframes, to manually refresh the indicator?