wealthPrice ActionPro

Macro Overlay

See the macro tide your chart is swimming in.

Indicator preview · live data

Live on real market data · representative Price Action overlay · exact behaviour on TradingView

What it does

Macro Overlay shades your chart by the prevailing risk-on / risk-off backdrop and plots the rolling correlation between your asset and the US dollar index (DXY). It answers the question most charts ignore: is this move the asset, or is it the whole tide moving?

Best for

Swing and position traders who want macro context baked into the chart they already watch.

How to read it

Risk-on shading = a supportive backdrop for risk assets; risk-off = headwind.
Strongly negative DXY correlation means dollar strength is likely pressuring your asset.
A breakout that fights the macro tide is lower-probability — demand more confirmation.
Use it to size conviction, not to trigger entries — macro is slow context.

Key inputs

Correlation windowLookback for the rolling DXY correlation. Default 30.

Regime sourceThe risk proxy used for risk-on/off shading.

TimeframeMost useful on 4h and above.

Public preview

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Macro Overlay is included in NEO Pro and Elite. A free account unlocks the install steps and manages your TradingView access; upgrade whenever you’re ready.

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Indicators are education tools, not financial advice or signals to act on blindly.