Economic Events: FOMC, CPI, PPI, NFP, etcThis script plots vertical lines on major U.S. economic events that can impact a trading day. Allowing you to decide if you want to trade on that day or to help with back testing (limited in how far back one can go).
The indicator preview chart doesn't show the vertical lines for whatever reason.
Here is a snapshot image.
This is completely different code from Economic Calendar Events: FOMC, CPI, and more by @jdehorty and uses different logic but provides similar features using the same public library for U.S. economic events.
Differences:
Substantial Improved Performance.
Legend setting to only show when there is an event today.
Abbreviations for events.
More Legend Settings (Position, Text Size, Color...)
WARNING: Does NOT use the same 'built-in logic to retroactively adjust larger time intervals' , so possible there could be differences but shouldn't be. No noticeable difference on USDJPY.
Note: Was purposely made to not work on timeframes greater than one day.
Economic Events
FOMC Meetings
FOMC Minutes
Producer Price Index (PPI)
Consumer Price Index (CPI)
Consumer Sentiment Index (CSI)
Consumer Confidence Index (CCI)
Non-Farm Payroll (NFP)
To read a description of the economic events see Economic Calendar Events: FOMC, CPI, and more by @jdehorty
This script uses economic data from Library "EconomicCalendar" and will be updated when said library is updated.
PPI
[Tommy's Inflation Index]#Inflation #FEDWATCH #FA
Hello dear beloved Traders and Investors around the world! As you are aware, the world is on a fierce battle against the inflation caused by the massive QE (Quantitative Easing) after the pandemic. All we see on the news is about this very world-wide fiscal phenomenon and how central bank of each nation are controlling it with their monetary policies. Consequently, FED’s hawkish stance to maintain tightening position has suppressed our market. The interest rates have spiked more rapidly than ever absorbing all the cash in the market.
The confrontation between Inflation Vs. Recession currently is the most integral and yet complex issue that needs to be wisely dealt with. Anyhow, whether we want it or not, the markets are being directly impacted by the tension of this inflation war. Hence, traders and investors should keep our eyes on the circumstances and trends of macro-economy to possibly comprehend, forecast, and prepare for the upcoming events. Economic indexes and data are always to be regularly monitored. Especially, inflation related indexes such as CPI (Consumer Price Index), PCE (Personal Consumption Expenditure), PPI (Produce Price Index) and Michigan inflation have stronger interrelation with the market these days.
Tradingview provides many economic indexes and data as you can see in the economy sector of the symbol search. I have found it quite useful to track the macro economy analyzing these data. As globally, people generally refer to the YoY (Year over year) and MoM (Month over month) since the relative percentage change rate is the key factor. There are raw data of CPI, PCE, PPI as well as the core of all these etc. on Tradingview. But unfortunately, there are no YoY and MoM (Only a few) data. Don’t worry. Today is your lucky day because I made them myself for you.
Today I wish to share the “Inflation Index” that I have been working during the Korean’s New Year Holidays. It automatically computes and visualizes the CPI, core CPI, PCE, core PCE, PPI, and core PPI both YoY and MoM. It might show you wrong values or errors if your chart is not on Monthly timeframe. By the way core inflation is goods and services sectors, excluding food and energy. If you check ‘Core or not?’ box, it distinguishes the regular and core indexes. I am going to regularly update this inflation index on pine script, so go ahead. It’s all yours!
Your subscription, likes, and comments inspire me a lot!
#인플레이션 #연준 #FA
안녕하세요 트레이더 여러분 토미입니다!
과도한 양적완화 여파로 생긴 인플레이션 사태를 잡기 위해 미국 연준을 포함한 각국의 중앙은행은 이례적으로 강력한 긴축정책을 펼치고 있습니다. 특히 그 어느때보다 연준의 FOMC 회의 및 기준 금리 변경 사안에 영향을 미칠 만한 여러 경제 지표들에 시장이 민감하게 반응하는 실정입니다. 여기 계신 분이라면 요즘 CPI(소비자물가지수), PCE(개인소비지출물가지수), PPI(생산자물가지수), 그리고 미시간 물가지수 등 미국 인플레이션 관련 지수들이 얼마나 중요한지 알고 계시리라 생각합니다. 코인, 주식, 선물 등 종목을 불문하고 우리가 원하던 원하지 않던 애네들 발표될 때마다 시장이 미친듯이 요동치는 사실은 부정할 수 없습니다.
최근 트레이딩뷰도 많은 경제 지표들을 제공해주고 있습니다. 우리가 자주 보는 CPI, PCE, 그리고 PPI도 있지만 우리가 통상적으로 참고하는 인플레이션 수치는 해당 지표들의 YoY(전년대비)와 MoM(전월대비)입니다. 아쉽게 트레이딩뷰에는 YoY와 MoM 수치가 없어서 대부분 뭐 인베스팅닷컴이나 구글 이런 곳에서 보셨을 겁니다. 그래서 그냥 제가 트레이딩뷰에서도 쉽게 열람할 수 있게 만들어버렸습니다. CPI, PCE, PPI, 근원 CPI, 근원 PCE, 그리고 근원 PPI의 YoY와 MoM 지수를 쉽게 볼 수 있게 디자인했습니다. 설날에 집에 짱박혀서 코딩만 했네요. 차트 상단 지표(Indicator)에 Tommy’s Inflation Index 검색 후 클릭하시면 사용하실 수 있습니다. 참고로 차트가 월봉으로 되어있지 않으면 오류가 발생할 가능성이 높으니 이 점 양해바랍니다. 지표 즐겨찾기에 추가 해놓고 중간중간 필요할 때 켜서 보시면 될 것 같습니다. 이 지표는 제가 주기적으로 업데이트 할 예정이니 앞으로도 많은 관심 부탁드립니다.
여러분의 구독, 좋아요, 댓글은 저에게 큰 동기부여가 된답니다~
Odd_mod Econ CalendarA modification of Economic Calendar Events: FOMC, CPI, and more written by jdehorty . Please send all tips his way as he is maintaining the underlying data for the Calendar and the original concept.
List of changes:
Optimized code, will only run once on initialization now(No random line in middle of screen on bar change)
Legend - Added short names
Legend - Removed header
Legend - Made repositionable with selectable top margins
Legend - Removed data name from legend when it is disabled
Legend - Removed border
Original Description by jdehorty :
This script plots major events from the Economic Calendar that often correspond to major pivot points in various markets. It also includes built-in logic to retroactively adjust larger time intervals (i.e. greater than 1 hour) to be correctly aligned with the interval during which the event occurred.
Events are taken from the Economic Calendar and will be updated periodically at the following library:
EconomicCalendar
The above library can be used to conveniently access date-related data for major Meetings, Releases, and Announcements as integer arrays, which can be used in other indicators. Currently, it has support for the following events:
FOMC Meetings
The FOMC meets eight times a year to determine the course of monetary policy . The FOMC's decisions are based on a review of economic and financial developments and its assessment of the likely effects of these developments on the economic outlook.
FOMC Minutes
The FOMC minutes are released three weeks after each FOMC meeting. The minutes provide a detailed account of the FOMC's discussion of economic and financial developments and its assessment of the likely effects of these developments on the economic outlook.
Producer Price Index (PPI) Releases
The Producer Price Index (PPI) measures changes in the price level of goods and services sold by domestic producers. The PPI is a weighted average of prices of a basket of goods and services, such as transportation, food, and medical care. PPI is a leading indicator of CPI .
Consumer Price Index ( CPI ) Releases
The Consumer Price Index ( CPI ) measures changes in the price level of goods and services purchased by households. The CPI is a weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. CPI is one of the most widely used measures of inflation .
Consumer Sentiment Index ( CSI ) Releases
The University of Michigan's Consumer Sentiment Index ( CSI ) is a measure of consumer attitudes about the economy. The CSI is based on a monthly survey of U.S. households and reflects the consumers' assessment of present and future economic conditions. The CSI is a leading indicator of consumer spending, which accounts for about two-thirds of U.S. economic activity.
Consumer Confidence Index ( CCI ) Releases
The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
Non-Farm Payroll (NFP) Releases
The Non-Farm Payroll (NFP) is a measure of the change in the number of employed persons, excluding farm workers and government employees. The NFP is a leading indicator of consumer spending, which accounts for about two-thirds of U.S. economic activity.
EconomicCalendarLibrary "EconomicCalendar"
This library is a data provider for important dates and times from the Economic Calendar.
events()
Returns the list of dates supported by this library as a string array.
Returns: array : Names of events supported by this library
fomcMeetings()
Gets the FOMC Meeting Dates. The FOMC meets eight times a year to determine the course of monetary policy. The FOMC announces its decision on the federal funds rate at the conclusion of each meeting and also issues a statement that provides information on the economic outlook and the Committee's assessment of the risks to the outlook.
Returns: array : FOMC Meeting Dates as timestamps
fomcMinutes()
Gets the FOMC Meeting Minutes Dates. The FOMC Minutes are released three weeks after each FOMC meeting. The Minutes provide information on the Committee's deliberations and decisions at the meeting.
Returns: array : FOMC Meeting Minutes Dates as timestamps
ppiReleases()
Gets the Producer Price Index (PPI) Dates. The Producer Price Index (PPI) measures the average change over time in the selling prices received by domestic producers for their output. The PPI is a leading indicator of CPI, and CPI is a leading indicator of inflation.
Returns: array : PPI Dates as timestamps
cpiReleases()
Gets the Consumer Price Index (CPI) Rekease Dates. The Consumer Price Index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. The CPI is a leading indicator of inflation.
Returns: array : CPI Dates as timestamps
csiReleases()
Gets the CSI release dates. The Consumer Sentiment Index (CSI) is a survey of consumer attitudes about the economy and their personal finances. The CSI is a leading indicator of consumer spending.
Returns: array : CSI Dates as timestamps
cciReleases()
Gets the CCI release dates. The Conference Board's Consumer Confidence Index (CCI) is a survey of consumer attitudes about the economy and their personal finances. The CCI is a leading indicator of consumer spending.
Returns: array : CCI Dates as timestamps
nfpReleases()
Gets the NFP release dates. Nonfarm payrolls is an employment report released monthly by the Bureau of Labor Statistics (BLS) that measures the change in the number of employed people in the United States.
Returns: array : NFP Dates as timestamps
CPI and PPIMarket tracker of the year-on-year (YoY) change in inflation (both PPI Finished Goods and CPI).
Useful for identifying the turns in market conditions, and therefore helps with anticipation of changes in monitory policy.
This metric can be used to inform about current market conditions and potential risk=reward outcomes in the future.