OPEN-SOURCE SCRIPT
Major Central Bank Assets [tedtalksmacro]
Updated
This script shows the balance sheets of the world's major central banks, the ECB [
ECBASSETSW, the PBoC [
CNCBBS, the Fed [
USCBBS and the BOJ [
JPNASSETS
Central banks drive the world's financial system and are the largest providers of liquidity so it is important to track whether they are providing or withdrawing liquidity from markets. Direct correlations between asset prices and central bank liquidity levels can be drawn.
IMPORTANT NOTES:
- Use this script on timeframes > 1D for greatest accuracy.
- Also included in the net effect of the reverse repo operations and treasury general account in the US.
- Ensure to turn labels on so that you can understand which line is what central bank!
- The black line shows the average, smoothed assets for the largest central banks... closest I could achieve to the net effect given scaling limitations of pinescript.
ECBASSETSW, the PBoC [CNCBBS, the Fed [USCBBS and the BOJ [JPNASSETSCentral banks drive the world's financial system and are the largest providers of liquidity so it is important to track whether they are providing or withdrawing liquidity from markets. Direct correlations between asset prices and central bank liquidity levels can be drawn.
IMPORTANT NOTES:
- Use this script on timeframes > 1D for greatest accuracy.
- Also included in the net effect of the reverse repo operations and treasury general account in the US.
- Ensure to turn labels on so that you can understand which line is what central bank!
- The black line shows the average, smoothed assets for the largest central banks... closest I could achieve to the net effect given scaling limitations of pinescript.
Release Notes
Transparencies updated.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 publication is governed by House rules. You can favorite it to use it on a chart.
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