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Central Bank Assets YoY % with StdDev Bands
Central Bank Assets YoY % with StdDev Bands - Indicator Documentation
Overview
This indicator tracks the year-over-year (YoY) percentage change in combined central bank assets using a custom formula. It displays the annual growth rate along with statistical bands showing when the growth is significantly above or below historical norms.
Formula Components
The indicator is based on a custom symbol combining multiple central bank balance sheets:
Federal Reserve balance sheet (FRED)
Bank of Japan assets converted to USD (FX_IDC*FRED)
European Central Bank assets converted to USD (FX_IDC*FRED)
Subtracting Fed reverse repo operations (FRED)
Subtracting Treasury General Account (FRED)
Calculations
Year-over-Year Percentage Change: Calculates the percentage change between the current value and the value from exactly one year ago (252 trading days).
Formula: ((current - year_ago) / year_ago) * 100
Statistical Measures:
Mean (Average): The 252-day simple moving average of the YoY percentage changes
Standard Deviation: The 252-day standard deviation of YoY percentage changes
Display Components
The indicator displays:
Main Line: YoY percentage change (green when positive, red when negative)
Zero Line: Reference line at 0% (gray dashed)
Mean Line: Average YoY change over the past 252 days (blue)
Standard Deviation Bands: Shows +/- 1 standard deviation from the mean
Upper band (+1 StdDev): Green, line with breaks style
Lower band (-1 StdDev): Red, line with breaks style
Interpretation
Values above zero indicate YoY growth in central bank assets
Values below zero indicate YoY contraction
Values above the +1 StdDev line indicate unusually strong growth
Values below the -1 StdDev line indicate unusually severe contraction
Crossing above/below the mean line can signal shifts in central bank policy trends
Usage
This indicator is useful for:
Monitoring global central bank liquidity trends
Identifying unusual periods of balance sheet expansion/contraction
Analyzing correlations between central bank activity and market performance
Anticipating potential market impacts from changes in central bank policy
The 252-day lookback period (approximately one trading year) provides a balance between statistical stability and responsiveness to changing trends in central bank behavior.
Overview
This indicator tracks the year-over-year (YoY) percentage change in combined central bank assets using a custom formula. It displays the annual growth rate along with statistical bands showing when the growth is significantly above or below historical norms.
Formula Components
The indicator is based on a custom symbol combining multiple central bank balance sheets:
Federal Reserve balance sheet (FRED)
Bank of Japan assets converted to USD (FX_IDC*FRED)
European Central Bank assets converted to USD (FX_IDC*FRED)
Subtracting Fed reverse repo operations (FRED)
Subtracting Treasury General Account (FRED)
Calculations
Year-over-Year Percentage Change: Calculates the percentage change between the current value and the value from exactly one year ago (252 trading days).
Formula: ((current - year_ago) / year_ago) * 100
Statistical Measures:
Mean (Average): The 252-day simple moving average of the YoY percentage changes
Standard Deviation: The 252-day standard deviation of YoY percentage changes
Display Components
The indicator displays:
Main Line: YoY percentage change (green when positive, red when negative)
Zero Line: Reference line at 0% (gray dashed)
Mean Line: Average YoY change over the past 252 days (blue)
Standard Deviation Bands: Shows +/- 1 standard deviation from the mean
Upper band (+1 StdDev): Green, line with breaks style
Lower band (-1 StdDev): Red, line with breaks style
Interpretation
Values above zero indicate YoY growth in central bank assets
Values below zero indicate YoY contraction
Values above the +1 StdDev line indicate unusually strong growth
Values below the -1 StdDev line indicate unusually severe contraction
Crossing above/below the mean line can signal shifts in central bank policy trends
Usage
This indicator is useful for:
Monitoring global central bank liquidity trends
Identifying unusual periods of balance sheet expansion/contraction
Analyzing correlations between central bank activity and market performance
Anticipating potential market impacts from changes in central bank policy
The 252-day lookback period (approximately one trading year) provides a balance between statistical stability and responsiveness to changing trends in central bank behavior.
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開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。