Global Net Liquidity - SPX Fair Value — Indicator by dharmatech

bandsandchannels fundamental spx centralbanks netliquidity

This is similar to the SPX Fair Value Bands indicator.

It currently only displays the fair value.

The original SPX Fair Value formula only includes the Fed balance sheet data.

This indicator incorporates the following central bank assets:

Fed
Japan
China
UK
ECB

This is currently experimental. Feel free to explore using different formula constants.

Release Notes:

Add fair value bands.

Release Notes:

Previous update had DJG values.

Update for SPX values.

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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