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Economics

Stef's Money Supply IndicatorI have been fascinated by the growth in the Money Supply. Well, I think we ALL have been fascinated by this and the corresponding inflation that followed. That's why I created my Money Supply Indicator because I always wanted to chart and analyze my symbols based on the Money Supply. This indicator gives you that capability in a way that no other indicator in this field currently offers. Let me explain: How does the indicator work? Chart any symbol, turn on this indicator, and instantly it will factor in the M2 money supply on the asset's underlying price. Essentially, you are seeing the price of the asset normalized for the corresponding rise in the money supply. In some ways, this is a rather unique inflation-adjusted view of a symbol's price. More importantly, you can compare and contrast the symbol's price adjusted for the rise in the Money Supply vs. the symbol's price without that adjustment by indexing all lines to 100. This is essential for understanding if the asset is at all-time highs, lows, or possibly undervalued or overvalued based on the current money supply situation. Why does this matter? This tool provides a deeper understanding of how the overall money supply influences the value of assets over time. By adjusting asset prices for changes in the money supply, traders can see the true value of assets relative to the amount of money in circulation. What features can you access with this indicator? The ability to normalize all lines to a starting point of 100 allows traders to compare the performance of the Money Supply, the symbol price, and the symbol price adjusted for the money supply all on one readable chart. This feature is particularly useful for spotting divergences and understanding relative performance over time with a rising or falling Money Supply. What else can you do? This is just version 1, and so I'll be adding more features rather soon, but there are two other important features in the settings menu including the following: • Get the capability to quickly spot the highest and lowest points on the Money Supply adjusted price of your asset. • Get the capability to change the gradient colors of the line when going up or down. • Turn on the Brrrrrrr printer text as a reminder of our Fed Overlord Jerome Powell... lol • Drag this indicator onto your main chart to combine it with your candlesticks or other charting techniques. Stef's Money Supply Indicator! I look forward to hearing your feedback.
Pine Script™ indicator
by scheplick
[Forex Fondamental Overview SGM]Fundamental analysis tool designed for currency trading in financial markets. The script generates a dashboard that displays key economic indicators for two selected currencies. Here is what makes this script particularly interesting for a trader: 1. Direct comparison between two currencies: The script allows you to choose two currencies (from a predefined list) and directly compare their key economic indicators such as interest rate, GDP growth, debt-to-GDP ratio, unemployment rate, inflation (CPI and PPI), and the services and manufacturing PMI indices. This gives you immediate insight into the economic strengths and weaknesses of each currency, which is crucial for making informed trading decisions. 2. Automatic data updating: Indicator values are updated automatically using security requests (request.security) that pull the most recent data available. This means you don't need to manually update data or check multiple sources; the script takes care of that for you. 3. Currency Relative Strength Calculation: The script calculates a strength index for each currency based on its economic indicators, and then it determines a relative strength index for the currency pair. This allows you to quickly see which currency is currently strongest, providing a basis for "buy strength, sell weakness" trading strategies. 4. Intuitive visualization: Results are presented in clear tables with colored indicators, making the information quickly digestible. For example, the background color changes depending on the relative strength of the currency pair, giving you an immediate visual signal of the overall trend. 5. Adaptability to different trading strategies: Whether you are a swing trader, a day trader, or a scalper, understanding the economic state of currencies can help you align your trading positions with underlying macroeconomic trends. This script gives you this information without requiring detailed economic analysis on your part. In short, this script is a powerful tool for any Forex trader who wants to integrate fundamental analysis into their trading routine without bothering with the complexity of tracking and analyzing a multitude of economic indicators manually.
Pine Script™ indicator
by Sigaud
Leading Economic Indicator (LEI)The Leading Economic Indicator (LEI) is a groundbreaking technical indicator designed to serve as a comprehensive measure of the prevailing direction of economic trends in the United States. This unique index combines two key economic indicators: the Composite Leading Indicator (CLI) from the Organization for Economic Co-operation and Development (OECD) and the Purchasing Managers' Index (PMI) from the Institute for Supply Management (ISM). The OECD Composite Leading Indicator (CLI) is a globally recognized indicator that assesses the future direction of economic trends by analyzing various leading economic factors. The ISM PMI, on the other hand, provides insights into the business activities of both the manufacturing and services sectors. LEI merges these critical indicators into a single, holistic indicator that empowers traders and investors to grasp the broader economic outlook and the performance of essential economic sectors simultaneously. By taking into account the CLI and PMI, LEI offers a distinctive perspective, enabling a more accurate assessment of the potential direction of US financial markets. Usage: To utilize LEI effectively, it is recommended to apply it on a monthly timeframe (TF Monthly). This extended timeframe is particularly beneficial for investors with a medium to long-term horizon. By focusing on longer-term trends and market stability, LEI becomes an invaluable tool in your investment strategy. One of the primary applications of LEI is to gauge the risk of market corrections in US financial markets, including the S&P 500, Nasdaq, and Dow Jones indices. Analysts often observe the crossing of the 5-period Simple Moving Average (SMA) with the 10-period SMA. When the 5-period SMA falls below the 10-period SMA, it serves as a potential warning signal for an impending market correction. This feature provides traders with an opportunity to exercise caution and make well-informed investment decisions. LEI, with its unique blend of the OECD CLI and ISM PMI, provides a reliable tool for assessing the US economic climate, identifying trends, and making informed decisions in the financial markets. It stands as a reference indicator, capturing the essence of economic trends and providing valuable insights to traders and investors. Sources: - OECD Composite Leading Indicator (CLI): www.data.oecd.org - Purchasing Managers' Index: ISM Report on Business (PMI) www.ismworld.org
Pine Script™ indicator
by Julien_Eche
2
Global Yield SpreadThe Global Yield Spread is a simple indicator that can help to identify economic wellbeing and thus allows traders and investors alike to derive a rough estimation onto where the market is likely to go. ---------- Please note that things like Yield Spread generally influence the market only over longer time horizons of a couple weeks to many months. Also be aware that the Yield Spread is only capable of measuring the Yields on Bonds and is thus limited to only changes that are reflected in the interest rates on the Bonds. ---------- The Normal Yield Spread is widely recognized for it's signal abilities for recessions or general economic well being... However, since the rates have decreased drastically in the US something else has been proposed: The Global Yield Spread As the normal US Yield Spread is loosing signal capacity because the US government can easily borrow money from overseas, thus reducing the need to increase interest rates. By monitoring and analyzing the Global Yield spread, traders and investors can gain insights into relative valuations, economic movements, market sentiment, and opportunities. It can help inform their investment decisions and strategies, allowing them to allocate capital more effectively and potentially generate better returns. You have options to visually represent a diversity of Countries and their according Yield Spreads. Furthermore there are Global Yield Spreads for: 10Y-03MY 10Y-02Y 30Y-10Y The Average Global Yield Spread encompasses the 3 options above to get an average reading.
Pine Script™ indicator
by Celestial-Eye
1
Global LiquidityThe "Global Liquidity" script is an indicator that calculates and displays the global liquidity value using a formula that takes into account the money supply of several major economies. The script utilizes data from various sources, such as the Federal Reserve Economic Data (FRED), Economics, and FX_IDC. The indicator plots the global liquidity value as a candlestick chart and breaks it down into two categories: the Euro-Atlantic region (West) and the rest of the world (East). The values are denominated both in inflation-adjusted dollars and in trillions of dollars. The script also calculates the spread between the Euro-Atlantic region and the rest of the world. Traders and investors can use this indicator to gauge the overall liquidity of the global economy and to identify potential investment opportunities or risks. By breaking down the liquidity value into different regions, traders can also gain insights into regional economic trends and dynamics. Note that this script is subject to the terms of the Mozilla Public License 2.0 and was created by rodopacapital.
Pine Script™ indicator
by rodopacapital
Global_Economic_CalendarLibrary of economic events. Created to display events on the desired chart through the indicator. Countries: USA, China, Eurozone, Russia Importance: 3 stars Source: Investing Библиотека экономических событий. Создана для отображения событий на нужном графике через индикатор. Страны: США, Китай, Еврозона, Россия Важность: 3 звезды Источник: Investing
Pine Script™ library
by Cryptaly