Net Liquidity: It's calculated as:
⬆️ Size of the Fed's Balance Sheet (WALCL)
⬇️ Minus how much of that has been sucked out into the Treasury (WTREGEN)
⬇️ Minus how much has been sucked out into Reverse Repo (RRPONTSYD)

Apparently predicts direction of SP500 with high accuracy
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.