OPEN-SOURCE SCRIPT
Liquidity Risk Score (SPX)
This tool is a macro “liquidity regime” indicator designed to help you understand whether conditions are broadly supportive or restrictive for risk assets. It combines a small set of well-known US liquidity inputs (policy rate and short-dated yields, plus measures of money and central bank liquidity growth) into a single score that ranges from loose to very tight. The goal is not to predict exact turning points, but to provide context for the backdrop Bitcoin is trading in.
For BTC, the main use is framing expectations. Bitcoin can still perform well during tight policy, especially relative to the rest of crypto, because it tends to be treated as the “highest quality” asset in the space. In restrictive regimes, liquidity often concentrates into the least risky and most liquid assets first, which can mean BTC holds up better while higher-beta altcoins struggle. This tool helps you spot when you are likely in that type of environment, where the market may reward quality and liquidity over speculation.
It’s best used as a regime filter rather than a standalone trading signal. If the score stays elevated for a sustained period, it suggests tighter conditions where breakouts may be harder to sustain, volatility can be sharper, and rallies may be narrower. If the score trends lower over time, it suggests improving conditions where broader risk-on behavior and stronger follow-through become more likely.
Finally, the indicator should be treated as a starting point. The same liquidity regime can produce different outcomes depending on the asset’s structure, positioning, and narrative. For Bitcoin, you still need to layer in asset-specific analysis such as market structure, volatility, dominance, on-chain behavior, and where you are in the broader cycle.
EDIT - Please use this on SPX due to the way the code works
For BTC, the main use is framing expectations. Bitcoin can still perform well during tight policy, especially relative to the rest of crypto, because it tends to be treated as the “highest quality” asset in the space. In restrictive regimes, liquidity often concentrates into the least risky and most liquid assets first, which can mean BTC holds up better while higher-beta altcoins struggle. This tool helps you spot when you are likely in that type of environment, where the market may reward quality and liquidity over speculation.
It’s best used as a regime filter rather than a standalone trading signal. If the score stays elevated for a sustained period, it suggests tighter conditions where breakouts may be harder to sustain, volatility can be sharper, and rallies may be narrower. If the score trends lower over time, it suggests improving conditions where broader risk-on behavior and stronger follow-through become more likely.
Finally, the indicator should be treated as a starting point. The same liquidity regime can produce different outcomes depending on the asset’s structure, positioning, and narrative. For Bitcoin, you still need to layer in asset-specific analysis such as market structure, volatility, dominance, on-chain behavior, and where you are in the broader cycle.
EDIT - Please use this on SPX due to the way the code works
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.