OPEN-SOURCE SCRIPT

Newzage - Fed Net Liquidity

The Fed Net Liquidity indicator is a concept discovered by Max Anderson to calculate the fair value of SPX (S&P 500 Index).

The formula he shared on Twitter uses the Fed Balance Sheet, TGA (Treasury General Account), and Reverse Repo.
Net Liquidity = Fed Balance Sheet - (TGA + Reverse Repo)

The data for each component above is accessible on the FRED website.

Fed Balance Sheet fred.stlouisfed.org/series/WALCL
Treasury General Account (TGA) fred.stlouisfed.org/series/WTREGEN
Reverse Repo fred.stlouisfed.org/series/RRPONTSYD

This script uses net liquidity (NL) fair value calculation for SPX, then estimates entry and next target exit target for both long and short trades on SPY.
The script added RSI oversold/overbought signal to the original NL signal from Max... improving the "precision" of the buy/sell signals.

The script also uses RSI to estimate targets based on how overbought or oversold the index/SPY is.
Breadth IndicatorsCycleseducational

開源腳本

在真正的TradingView精神中,這個腳本的作者以開源的方式發佈,這樣交易員可以理解和驗證它。請向作者致敬!您可以免費使用它,但在出版物中再次使用這段程式碼將受到網站規則的約束。 您可以收藏它以在圖表上使用。

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