OPEN-SOURCE SCRIPT
[WRx450] FED net liquidity
This indicator show the net liquidity of the FED.
Net liquidity = Fed balance sheet (total asset) - Treasury General Account - Reverse Repo
All sources can be select otherwise in parameter.
It is possible to show only the weekly changes in Net liquidity.
Net liquidity and Net liquidity changes are shown only on wednesday because Total asset and TGA reports are updated only on Wednesday. (updating the Net liquidity on a daily basis would be inacurate)
Net liquidity = Fed balance sheet (total asset) - Treasury General Account - Reverse Repo
All sources can be select otherwise in parameter.
It is possible to show only the weekly changes in Net liquidity.
Net liquidity and Net liquidity changes are shown only on wednesday because Total asset and TGA reports are updated only on Wednesday. (updating the Net liquidity on a daily basis would be inacurate)
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.