OPEN-SOURCE SCRIPT

M2 Global Liquidity Index - Time-Shift - KH

M2 Global Liquidity Index - Enhanced Time-Shift Indicator

Based on original work by Mik3Christ3ns3n
Enhanced with advanced time-shift functionality and overlay capabilities.

Description:
This indicator tracks and visualizes the global M2 money supply from five major economies, allowing precise time-shift analysis for correlation studies. All values are converted to USD in real-time and aggregated to provide a comprehensive view of global liquidity conditions.

Key Features:
- Advanced time-shift capability (-1000 to +1000 days) with shape preservation
- Real-time currency conversion to USD
- Overlay functionality with main chart
- Right-scale display for better comparison
- Full historical data preservation during time shifts

Components Tracked:
- US M2 Money Supply (USM2)
- China M2 Money Supply (CNM2)
- Eurozone M2 Money Supply (EUM2)
- Japan M2 Money Supply (JPM2)
- UK M2 Money Supply (GBM2)

Primary Use Cases:
1. Correlation Analysis:
- Compare global liquidity trends with asset prices
- Identify leading/lagging relationships through time-shift
- Study monetary policy impacts across different time periods

2. Market Analysis:
- Track global liquidity conditions
- Monitor central bank policy effects
- Identify potential macro trend changes

Settings:
- Time Offset: Shift the M2 data backwards or forwards (-1000 to +1000 days)
- Positive values: Move M2 data into the future
- Negative values: Move M2 data into the past
- Zero: Current alignment

Technical Notes:
- Data updates follow central banks' M2 publication schedules
- All currency conversions performed in real-time
- Historical shape preservation during time-shifts
- Enhanced data consistency through lookahead mechanism

Credits:
Original concept and base code by Mik3Christ3ns3n
Enhanced version includes advanced time-shift capabilities and shape preservation

License:
Pine Script™ code is subject to the terms of the Mozilla Public License 2.0

#M2 #GlobalLiquidity #MoneySupply #Macro #CentralBanks #MonetaryPolicy #TimeShift #Correlation #TradingIndicator #MacroAnalysis #LiquidityAnalysis #MarketIndicator
forecasting

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