OPEN-SOURCE SCRIPT
ATH adjusted by Global Money Supply
Hi all,
Hereby a script that calculated the ATH that is corrected by the global money supply. It shows that regular ATH (based on high daily candles) as well as the ATH that is adjusted by the global money supply index.
The global money supply index is calculated using the money supply on the first bar and this is then used as the reference point for the money supply in the script. The money supply is based on a lot of central banks money supplies and calculated to a USD value.
Hereby a script that calculated the ATH that is corrected by the global money supply. It shows that regular ATH (based on high daily candles) as well as the ATH that is adjusted by the global money supply index.
The global money supply index is calculated using the money supply on the first bar and this is then used as the reference point for the money supply in the script. The money supply is based on a lot of central banks money supplies and calculated to a USD value.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.