Fed Net Liquidity Indicator

31 lug 2022

This indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements.

Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO)

This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets.

This was hypothesized by Max Anderson, this is just a script realizing that posting.

New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.

9 mar 2023

Note di rilascio

I have updated the script to fix the units that got changed from the FRED website and imported into TV.

I have also updated the script to display the correct units when selecting trillions, billions, and millions.

9 mar 2023

Note di rilascio

I updated the liquidity indicator to show the Fed Net Liquidity as a line as opposed to a histogram, this fixes the issue with having to scale the background. Should work MUCH better now!!

30 minuti fa

Note di rilascio

Made a few new additions:

1) Added an option to edit the offset left or right on the chart.
2) Added an option to smoothen the Net Liquidity - in recent years, the Reverse Repo has been spiking, which may create the illusion of longer-term liquidity weakness. I've added a smoothing option to allow folks to smoothen out these spikes.
3) The smoothing has customizable period to decide how smooth you'd like it to be.