SPX and Federal Net Liquidity difference

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.

Nota Keluaran

TradingView was bringing in the variables with different units. Fixed that and removed unnecessary code.

Nota Keluaran

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

Nota Keluaran

Updated to plot SPX within the chart so it is a complete chart regardless of which symbol you have on the main pane.

Nota Keluaran

Changed chart in published version

Skrip sumber terbuka

Dalam semangat TradingView sebenar, pencipta skrip ini telah menjadikannya sumber terbuka, jadi pedagang boleh menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupuan anda boleh menggunakan secara percuma, ingat bahawa penerbitan semula kod ini tertakluk kepada Peraturan Dalaman.

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Penafian

Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.

Skrip sumber terbuka

TaxShields