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.

Notas de Lançamento

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

Notas de Lançamento

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

Notas de Lançamento

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

Notas de Lançamento

Changed chart in published version

Script de código aberto

Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.

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Script de código aberto

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