OPEN-SOURCE SCRIPT
已更新 PBoC Liquidity Injections [tedtalksmacro]

This script shows open market operations by the world's fourth largest central bank (by assets) - the people's bank of china.
Use this script on the 1D timeframe and higher to understand where there are periods of heightened intervention by the PBoC where financial conditions in China are loosened! Looser financial conditions often correlate with higher risk asset prices.
Takes into account:
- PBoC RR operations [
CNLIVRR]
Use this script on the 1D timeframe and higher to understand where there are periods of heightened intervention by the PBoC where financial conditions in China are loosened! Looser financial conditions often correlate with higher risk asset prices.
Takes into account:
- PBoC RR operations [
發行說明
title updates發行說明
Total Social Financing added to give more rounded view of injections.發行說明
Reserve Ratio Requirements added to demonstrate whether bank reserves are falling or increasing.發行說明
Title update發行說明
This PBoC Liquidity Injections indicator tracks the major liquidity operations by the People's Bank of China - namely the Reverse Repo (RRP) and Medium-term Lending Facility (MLF).It can provide insights into China's monetary policy stance and serve as an indicator for risk assets:
Increased PBoC liquidity injections suggest an accommodative/dovish monetary policy. This provides more liquidity into the Chinese economy and financial system.
Higher liquidity typically correlates with stronger performance of risk assets like stocks and commodities. The added liquidity can spur economic growth and investing activity.
Decreased PBoC liquidity injections imply a tighter monetary policy. Reducing system liquidity tends to negatively impact risk sentiment.
Tighter liquidity can precede pullbacks in stocks and commodities, as it tightens financial conditions. Fears of slower growth in China also weigh on global risk appetite.
So monitoring the stacked bar chart of RRP and MLF gives a quick glance on China's monetary policy. Rising liquidity stacks signal supportive conditions for risk assets. Falling liquidity suggests potential headwinds for stocks/commodities and upside for safe haven assets.
The indicator visualizes the liquidity flows from China's central bank. Analysts watch these measures closely to gauge China's economic trajectory and its implications for global markets.
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開源腳本
本著TradingView的真正精神,此腳本的創建者將其開源,以便交易者可以查看和驗證其功能。向作者致敬!雖然您可以免費使用它,但請記住,重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。