OPEN-SOURCE SCRIPT
USD Liquidity / FX Swap + Money Market Stress
This indicator shows, in a simple way, how tight or loose USD liquidity is. It combines two things: signs of stress in the FX market (Fed swap lines + dollar strength) and signs from the money market (the difference between repo rates like SOFR/TGCR and the Fed’s IORB rate). All of this is merged into a single blue line: when it rises, liquidity tends to be more abundant; when it falls, there is more stress and the dollar becomes “expensive” to obtain.
You read it like a traffic light:
If the background is red, the indicator is below the lower threshold → liquidity stress, an environment that is more prone to sell-offs and violent moves in risk assets (including crypto).
If the background is green, the indicator is above the upper threshold → more relaxed liquidity, a backdrop that is more favorable for risk rallies to be sustained.
No background color → neutral zone, neither very good nor very bad: you trade according to your usual system.
It is designed as a macro context filter, not as a buy/sell signal. In red, it makes sense to be more defensive with risk and leverage; in green, if your technical system gives a long signal, you have a somewhat more favorable tailwind. It should always be used together with other tools and strict risk management.
You read it like a traffic light:
If the background is red, the indicator is below the lower threshold → liquidity stress, an environment that is more prone to sell-offs and violent moves in risk assets (including crypto).
If the background is green, the indicator is above the upper threshold → more relaxed liquidity, a backdrop that is more favorable for risk rallies to be sustained.
No background color → neutral zone, neither very good nor very bad: you trade according to your usual system.
It is designed as a macro context filter, not as a buy/sell signal. In red, it makes sense to be more defensive with risk and leverage; in green, if your technical system gives a long signal, you have a somewhat more favorable tailwind. It should always be used together with other tools and strict risk management.
Skrip sumber terbuka
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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
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.
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.