OPEN-SOURCE SCRIPT
Credit Creation Degree_Debt/M1 [Xiaolai(Sean) Chen] TathaGada
Reflect on my previous script "Credit Creation Degree" which is M2/M1 money stock value is the reflection of the degree of credit created which was mentioned by Ray Dalio in his 30 min video "How the Market and Economic Machines Work"
This is another option which compares the Federal Government Debt: Total domestic debt with M1 Money stock
Credit degree will finally decrease in the Long-Term Debt circle.
This is another option which compares the Federal Government Debt: Total domestic debt with M1 Money stock
Credit degree will finally decrease in the Long-Term Debt circle.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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