1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Global Liquidity Composite requests monthly M2 series for the United States, euro area, China and Japan, normalizes each against a simple moving average, and combines them with user weights. Settings choose whether central-bank balance sheets are included and whether an inverse dollar-index adjustment is applied. A day-based lead and a final exponential moving average change timing and smoothness. A reference symbol and timeframe are available for comparison. Empty symbols are skipped.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
US M2 (FRED)
symbol
FRED:M2SL
usM2
Euro Area M2
symbol
euM2
China M2
symbol
cnM2
Japan M2
symbol
jpM2
Fed Balance Sheet
symbol
FRED:WALCL
fedBS
ECB Balance Sheet
symbol
ecbBS
BoJ Balance Sheet
symbol
bojBS
BoE Balance Sheet
symbol
boeBS
USD Index (DXY)
symbol
TVC:DXY
dxySym
US M2
float
0.35
wUSM2
EU M2
float
0.15
wEUM2
China M2
float
0.25
wCNM2
Show all 21 settings
Setting
Type
Default
Variable
Japan M2
float
0.10
wJPM2
CB Assets (sum)
float
0.15
wCB
Include CB Balance Sheets
bool
true
useCBAssets
Adjust by Inverse DXY
bool
true
adjByInverseDXY
Normalization MA (months)
int
12
normLen
Lead (days)
int
80
leadDays
Final EMA Smoothing (months)
int
3
smoothLen
Reference Symbol (e.g., BTCUSD)
symbol
BTCUSD
refSym
Ref Timeframe (blank = chart)
timeframe
refTf
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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