OPEN-SOURCE SCRIPT
Atualizado Global M2 ex-China Monitor

Global M2 Monitor - Ultimate Edition
🎯 OVERVIEW
Advanced global M2 money supply monitoring indicator, offering a unique macroeconomic view of global liquidity. Real-time tracking of M2 evolution in major developed economies.
📊 KEY FEATURES
🎨 COLOR SYSTEM - DEFAULT SETTINGS
🇨🇳 WHY IS CHINA EXCLUDED BY DEFAULT?
⚙️ OPTIMIZED DEFAULT PARAMETERS
Pine Script®
📈 RECOMMENDED USAGE
🔍 ADVANCED INTERPRETATION
💡 WHY THIS INDICATOR?
Global money supply is the lifeblood of the financial economy. Its growth or contraction typically precedes market movements by 6 to 12 months.
🛠️ ADVANCED CUSTOMIZATION
All parameters are customizable:
📋 TECHNICAL INFORMATION
🎯 OVERVIEW
Advanced global M2 money supply monitoring indicator, offering a unique macroeconomic view of global liquidity. Real-time tracking of M2 evolution in major developed economies.
📊 KEY FEATURES
- Global M2 Aggregation: USA, Japan, Canada, Eurozone, United Kingdom
- Currency Conversion: All data converted to USD for consistent analysis
- High Resolution Display: Daily curve by default
- Technical Analysis: 50-period moving average (SMA/EMA/WMA)
- Accurate YoY Calculation: Annual variation based on monthly data
- Advanced Signal System: Multi-condition color codes
🎨 COLOR SYSTEM - DEFAULT SETTINGS
- 🟢 GREEN: YoY ≥ 7% AND M2 ≥ SMA → Strong growth + Bullish momentum
- 🔴 RED: YoY ≤ 2% AND M2 ≤ SMA → Weak growth + Bearish momentum
- 🟢 LIGHT GREEN: YoY ≥ 7% BUT M2 < SMA → Good fundamentals, temporarily weak momentum
- 🔴 LIGHT RED: YoY ≤ 2% BUT M2 > SMA → Weak fundamentals, price still supported
- 🔵 BLUE: YoY between 2% and 7% → Neutral zone of moderate growth
🇨🇳 WHY IS CHINA EXCLUDED BY DEFAULT?
Chinese M2 data presents methodological reliability and transparency issues. Exclusion allows for more consistent analysis of mature market economies.
Different M2 definitionvs Western standardsCapital controlsaffecting real convertibilityFrequent monetary manipulationsby authorities- ✅ Available option: Can be activated in settings
⚙️ OPTIMIZED DEFAULT PARAMETERS
// DISPLAY SETTINGS
Candle Period: D (Daily)
// MOVING AVERAGE
MA Period: 50, Type: SMA
// BACKGROUND LOGIC
YoY Bullish: 7%, YoY Bearish: 2%
SMA Method: absolute, Threshold: 0.2%
// COLORS
Transparency: 5%
China M2: Disabled
📈 RECOMMENDED USAGE
- Traders: Anticipate sector rotations
- Investors: Identify abundant/restricted liquidity phases
- Macro-analysts: Monitor monetary policy impacts
- Portfolio managers: Understand inflationary pressures
🔍 ADVANCED INTERPRETATION
- M2 ↗️ + YoY ≥ 7% → Favorable risk-on environment
- M2 ↘️ + YoY ≤ 2% → Defensive risk-off environment
- Divergences → Early warning signals for trend changes
💡 WHY THIS INDICATOR?
Global money supply is the lifeblood of the financial economy. Its growth or contraction typically precedes market movements by 6 to 12 months.
"Don't fight the Fed... nor the world's central banks"
🛠️ ADVANCED CUSTOMIZATION
All parameters are customizable:
- YoY bullish/bearish thresholds
- SMA comparison method (absolute/percentage)
- Colors and transparency
- Moving average period and type
- Optional China inclusion
📋 TECHNICAL INFORMATION
- YoY Calculation: Based on monthly data for consistency
- Sources: FRED, ECONOMICS, official data
- Updates: Real-time with publications
- Currencies: Updated exchange rates
Notas de Lançamento
UPDATE NOTE: Global M2 Monitor v2.0NEW FEATURES:
• 🎨 Dual Display Modes:
- Classic Mode: Green/red candles (original behavior)
- Colored Mode: Single line with dynamic colors based on MA deviation percentage
• 7 Customizable Color Zones in Colored Mode:
- Strong Expansion (+5%+), Expansion (+3-5%), Slight Expansion (+1-3%)
- Neutral Zone (-1 to +1%)
- Slight Contraction (-3 to -1%), Contraction (-5 to -3%), Severe Contraction (-5%-)
• Enhanced Information Table (8 cells):
- Mode indicator (🎨 COLORED / 📊 CLASSIC)
- Deviation from MA (percentage)
- Zone description in Colored Mode
- China inclusion status
• Customizable Deviation Thresholds:
- Set your own percentage levels for each color zone
- Optional deviation level lines (±3%, ±5%)
IMPROVEMENTS:
• Inputs organized into logical groups
• Background colors adapt to selected mode
• Better visual clarity for different market conditions
• Maintains full backward compatibility in Classic Mode
MIGRATION:
• All existing settings preserved in Classic Mode
• Toggle between modes with one checkbox
• Customize colors and thresholds for each zone
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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.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.