Weighted Global Liquidity Index (WGLI) Trend Indicator SMA

The Weighted Global Liquidity Index (WGLI) Trend Indicator SMA leverages the WGLI to provide a comprehensive view of major central bank balance sheets and other key financial indicators from around the world. Using data converted to USD for consistency, this indicator calculates the Simple Moving Average (SMA) of the WGLI to help identify global liquidity trends.

Key Features:

• Trend Identification: Utilizes the Simple Moving Average (SMA) to determine the trend direction of the WGLI. By comparing the SMA of the WGLI with the SMA of the asset price, the indicator identifies uptrends and downtrends.
  
  
• Visual Representation: Highlights uptrends with a green background and downtrends with a red background on the chart, making it easy to visualize the overall trend.
  

The WGLI Trend Indicator SMA is designed to be used alongside the WGLI for a more comprehensive analysis of global liquidity and its impact on asset prices. This tool is beneficial for understanding macroeconomic trends, and policy trajectories, and making informed investment decisions.

Feel free to explore and customize the script to suit your analysis needs!