OPEN-SOURCE SCRIPT
Updated Central Bank BS Delta Tracer
Central Bank BS Delta Tracer is a new way of looking at liquidity on TradingView.
CBBSDT (for short) shows bars for popular central bank balance sheets. The default is the US, but other countries can be viewed or compared as well.
You can combine multiple central bank balances, and all are calculated in USD using currency pairs so that the units match up. Combining can also show differentials, such as if the ECB did more QT than the US in a given time frame.
Warning: Time frames lower than a month may be inaccurate. Many central banks do not report their BS on a frequent basis, so do know ahead of time that data is usually outdated by a variable amount depending on the data source. Check with the particular sources of central bank BS before making assumptions about deltas using this indicator.
Debt is the dark energy of the economy. Therefore we must know how much of it is pumping or draining.
CBBSDT (for short) shows bars for popular central bank balance sheets. The default is the US, but other countries can be viewed or compared as well.
You can combine multiple central bank balances, and all are calculated in USD using currency pairs so that the units match up. Combining can also show differentials, such as if the ECB did more QT than the US in a given time frame.
Warning: Time frames lower than a month may be inaccurate. Many central banks do not report their BS on a frequent basis, so do know ahead of time that data is usually outdated by a variable amount depending on the data source. Check with the particular sources of central bank BS before making assumptions about deltas using this indicator.
Debt is the dark energy of the economy. Therefore we must know how much of it is pumping or draining.
Release Notes
Reverted FRED multipliersOpen-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.