Vaguely similar... if you squint your eyes . We charted the suggestions we found online and, during the overlap with TED spread, sometimes one series goes up while the other goes down. Not to mention value differences too. Backtests would be completely different.
If it's not too time consuming, I think it would be worth having the SOFR series- at least in my case it would give me hope to get some alpha back on my market timers.. -
We did add SOFR. It's in the reference as ##SOFR3MO
We were going to use it to calculate TED spread, but then decided against it when we saw the charts. Below are examples we tried. Also SOFR is only from 2018, so not good for backtesting.
Close(0, ##SOFR3MO) - Close(0, ##UST3MO)
SMA(3, 0, ##SOFR3MO) - SMA(3, 0, ##UST3MO)
OK- thanks ; I will experiment with it, and let you know if I have any success..