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Global Liquidity Index (Z-Score)
Global Liquidity Index (Quant Normalized Edition)
Overview
The Global Liquidity Index (Quant Normalized Edition) is a professional-grade macro indicator designed to track the "lifeblood" of financial markets: Fiat Liquidity. Unlike retail-focused momentum oscillators, this tool dives deep into the Market Plumbing of the world’s major central banks to provide a lead-lag perspective on asset prices.
The Core Logic
Liquidity is not a single number; it is a flow. This indicator aggregates data from the Federal Reserve (FED), ECB, PBoC, BoJ, BoE, and SNB.
It offers two distinct calculation modes:
-Net Central Banks: Focuses on the "true" spendable liquidity by calculating: (Balance Sheet - RRP - TGA) for the US, plus major global central bank assets.
-Global M2: Tracks the broad money supply growth across the world's largest economies.
Key Features
-Z-Score Normalization Layer: The breakthrough feature of this version. By applying a Z-score normalization to the liquidity Rate of Change (ROC), the script standardizes the different magnitudes of central bank balance sheets. This ensures that a massive move in the PBoC is weighted correctly against the FED, providing a balanced signal.
-4-Phase Liquidity Engine: The indicator categorizes the market regime into four distinct stages:
Phase 1: IGNITION (Blue) – Liquidity is beginning to accelerate, often preceding a major breakout.
Phase 2: FULL THRUST (Green) – Maximum liquidity momentum; the "Golden Window" for trend-following.
Phase 3: ROTATION (Orange) – Liquidity is decelerating. Momentum is fading, suggesting risk-off or distribution.
Phase 4: DROUGHT (Red) – Net liquidity is contracting.Historically associated with increased volatility and "rug pulls".
-X-Ray Projection (Offset): Includes a time-shifting engine that allows users to project the liquidity signal forward (or backward) to identify lead-lag correlations with price action.
-Dynamic Correlation: An integrated dashboard shows the real-time correlation between the liquidity flow and the current chart's price action.
How to Use
-Bullish Environments: Look for Phase 1 (Ignition) transitions into Phase 2 (Full Thrust).
-Risk Mitigation: Be cautious when the signal enters Phase 3 (Rotation), as this often marks the "topping out" of the liquidity cycle.
-Divergence: Watch for "Price vs. Liquidity" divergences, where price moves higher while liquidity (GLI) is making lower highs.
Credits & Disclaimer
Credits: The foundational macro-data fetching logic was inspired by the original work of QuantitativeAlpha. This version has been deeply modified and independently developed to include a proprietary Z-Score normalization layer, a time-shifting engine, and a 4-phase algorithmic regime filter.
Disclaimer: This indicator is for educational and informational purposes only. It does not constitute financial or investment advice.
Overview
The Global Liquidity Index (Quant Normalized Edition) is a professional-grade macro indicator designed to track the "lifeblood" of financial markets: Fiat Liquidity. Unlike retail-focused momentum oscillators, this tool dives deep into the Market Plumbing of the world’s major central banks to provide a lead-lag perspective on asset prices.
The Core Logic
Liquidity is not a single number; it is a flow. This indicator aggregates data from the Federal Reserve (FED), ECB, PBoC, BoJ, BoE, and SNB.
It offers two distinct calculation modes:
-Net Central Banks: Focuses on the "true" spendable liquidity by calculating: (Balance Sheet - RRP - TGA) for the US, plus major global central bank assets.
-Global M2: Tracks the broad money supply growth across the world's largest economies.
Key Features
-Z-Score Normalization Layer: The breakthrough feature of this version. By applying a Z-score normalization to the liquidity Rate of Change (ROC), the script standardizes the different magnitudes of central bank balance sheets. This ensures that a massive move in the PBoC is weighted correctly against the FED, providing a balanced signal.
-4-Phase Liquidity Engine: The indicator categorizes the market regime into four distinct stages:
Phase 1: IGNITION (Blue) – Liquidity is beginning to accelerate, often preceding a major breakout.
Phase 2: FULL THRUST (Green) – Maximum liquidity momentum; the "Golden Window" for trend-following.
Phase 3: ROTATION (Orange) – Liquidity is decelerating. Momentum is fading, suggesting risk-off or distribution.
Phase 4: DROUGHT (Red) – Net liquidity is contracting.Historically associated with increased volatility and "rug pulls".
-X-Ray Projection (Offset): Includes a time-shifting engine that allows users to project the liquidity signal forward (or backward) to identify lead-lag correlations with price action.
-Dynamic Correlation: An integrated dashboard shows the real-time correlation between the liquidity flow and the current chart's price action.
How to Use
-Bullish Environments: Look for Phase 1 (Ignition) transitions into Phase 2 (Full Thrust).
-Risk Mitigation: Be cautious when the signal enters Phase 3 (Rotation), as this often marks the "topping out" of the liquidity cycle.
-Divergence: Watch for "Price vs. Liquidity" divergences, where price moves higher while liquidity (GLI) is making lower highs.
Credits & Disclaimer
Credits: The foundational macro-data fetching logic was inspired by the original work of QuantitativeAlpha. This version has been deeply modified and independently developed to include a proprietary Z-Score normalization layer, a time-shifting engine, and a 4-phase algorithmic regime filter.
Disclaimer: This indicator is for educational and informational purposes only. It does not constitute financial or investment advice.
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.