Quantity Theory of Money (Inflation Growth Rate) — Indicator by DarkKnight50

educational statistics trendanalysis mmt modernmonetarytheory inflation inflationexpectations inflationrate cpi

Quantity Theory of Money ( Inflation Growth Rate)

Equation:
%ΔM+%ΔV=%ΔP+%ΔY
M - Money Supply , V - Money Velocity , Y - Real GDP, P - Price

This script only takes into account money supply theory and does not account for increases/decreases in inflation due to energy costs. QTM Calculation is compared to USIRYY , USCCPI , and

CORESTICKM159SFRBATL . Flex_CPI and Flex_Core_CPI are not available in Trading View for comparison.

Simple Moving Average Default it set to 3 quarters for smoothing purposes. You can change this via the input window as you see fit.

Release Notes:

Removed URLs found in the script to stay kosher

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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