OPEN-SOURCE SCRIPT

USD Liquidity Conditions Index

Updated
USD Liquidity Conditions Index = [The Fed’s Balance Sheet] — [NY Fed Total Amount of Accepted Reverse Repo Bids] — [US Treasury General Account Balance Held at NY Fed]

"Bitcoin vs. USD Liquidity Conditions Index
In this current phase of the crypto currency capital markets, Bitcoin represents a high-powered coincident (and sometimes leading indicator) of global USD liquidity conditions."

cryptohayes.medium.com/teach-me-daddy-33e7a66dfe76
Release Notes
Isolated each variable
Release Notes
Added ligma
Fundamental AnalysisTrend Analysis

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.

Want to use this script on a chart?

Disclaimer