OPEN-SOURCE SCRIPT
Global M2 Money Supply (Days Offset)
The Global M2 Money Supply indicator, updated by Colin Talks Crypto on March 2, 2025, and modified by Grok (xAI), is a TradingView Pine Script (v6) tool designed to visualize the aggregated M2 money supply from key global regions, overlaid on a price chart (e.g., BTCUSD) with a right-axis scale. It aggregates daily M2 data from regions including North America, Eurozone, Asia, and others, adjusted with forex rates (e.g., EURUSD, JPYUSD), and scales the total to billions for readability. Users can adjust the time offset (default 76 days, range -1000 to 1000) to align M2 with Bitcoin price movements, reflecting lags of 70–76 days as noted in market analyses. Additionally, a customizable smoothing period (default 20 days, range 1 to 100) applies a Simple Moving Average (SMA) to reduce noise, highlighting longer-term trends. A debug plot of raw M2 data (gray line) aids in verifying data integrity, making this indicator a valuable tool for crypto traders analyzing liquidity impacts on price action.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
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.