This indicator plots a global liquidity series in a separate pane from selected central-bank balance sheets and optional national money-supply series, converted into US dollars.
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
Toggles cover the Federal Reserve, Treasury General Account, reverse repurchase agreements, the ECB, PBOC, Bank of Japan, other central banks, and several M2 measures. SMA length and ROC length set smoothing and the rate-of-change calculation, and a switch shows transmission efficiency. The visible code defines no entries, exits, or stops.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
FED (Federal Reserve System)
bool
true
fed_active
TGA (Treasury General Account)
bool
true
tga_active
RRP (Reverse Repurchase Agreements)
bool
true
rrp_active
ECB (European Central Bank)
bool
true
ecb_active
PBC (People's Bank of China)
bool
true
pbc_active
BOJ (Bank of Japan)
bool
true
boj_active
Other Central Banks
bool
false
other_active
USM2 (USA Money Supply)
bool
false
usa_active
EUM2 (Europe Money Supply)
bool
false
europe_active
CNM2 (China Money Supply)
bool
false
china_active
JPM2 (Japan Money Supply)
bool
false
japan_active
Other Countries M2
bool
false
other_m2_active
Show all 15 settings
Setting
Type
Default
Variable
SMA Length
int
1
sma_input
ROC Length
int
1
roc_input
Show Transmission Efficiency
bool
true
show_efficiency
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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