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US10Y 63-Day Range Percentage [TomasOnMarkets]

Shows the relation of US Government Bonds 10 YR Yield to risk assets like S&P500.

When yields move to the 80th percentile of their rolling 1 quarter (63 day) range, the S&P500 struggles.

The indicator chart's background is painted with red when yields move over 80th percentile. Notice how the risk assets (eg S&P500) goes down in that range.

The indicator works pretty good for the S&P500.
Not as good for bitcoin, but maybe still useful

Credits:
Tomas (@TomasOnMarkets) - x.com/TomasOnMarkets/status/1881770106356641885
Warren Pies (@WarrenPies) - x.com/WarrenPies/status/1881480249139187974

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