OPEN-SOURCE SCRIPT

SPX and Federal Net Liquidity difference

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Script for applying Federal Net Liquidity to the SPX post-2020 monetary policy. Original indicator from jlb05013 with adjustments to make it more readable and usable. When the indicator is above 250 the SPX is overbought and when it's below -250 the SPX is oversold.

It's not perfect, I'm just publishing because I didn't see it already out there.
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TradingView was bringing in the variables with different units. Fixed that and removed unnecessary code.
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Reconnected FRED dataset for Federal Balance Sheet. The quandl dataset was not working anymore.

Indicator now clearly shows either a) a strong over-valuation in the market or b) the indicator no longer applies
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Updated to plot SPX within the chart so it is a complete chart regardless of which symbol you have on the main pane.
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Changed chart in published version
educationalPivot points and levelsTrend Analysis

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