SPX and Federal Net Liquidity difference

٣ أكتوبر ٢٠٢٢

Script for applying Federal Net Liquidity to the SPX post-2020 monetary policy. Original indicator from jlb05013 with adjustments to make it more readable and usable. When the indicator is above 250 the SPX is overbought and when it's below -250 the SPX is oversold.

It's not perfect, I'm just publishing because I didn't see it already out there.

١٩ أكتوبر ٢٠٢٢

ملاحظات الأخبار

TradingView was bringing in the variables with different units. Fixed that and removed unnecessary code.

١٣ سبتمبر

ملاحظات الأخبار

Reconnected FRED dataset for Federal Balance Sheet. The quandl dataset was not working anymore.

Indicator now clearly shows either a) a strong over-valuation in the market or b) the indicator no longer applies

٢٤ أكتوبر

ملاحظات الأخبار

Updated to plot SPX within the chart so it is a complete chart regardless of which symbol you have on the main pane.

٢٤ أكتوبر

ملاحظات الأخبار

Changed chart in published version