INVITE-ONLY SCRIPT
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MMM Grand Composite (Anchor + Impulse + Nowcast) v6

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MMM Grand Composite v6

What it does
The Grand Composite is the macro overlay for the suite. It combines the Growth, Inflation, and Liquidity hidden outputs into a macro anchor, macro impulse, and macro nowcast so you can see the higher-level macro picture in one place.

How it works
It takes three source types from each dashboard: month-end composite z, live impulse z, and live nowcast. The macro anchor is the weighted average of the three month-end composite z-scores and can run in either ME-held or LIVE mode. The macro impulse is the weighted average of the three impulse z sources, clipped to ±4 and optionally smoothed. The macro nowcast is then a 50/50 blend of the macro anchor score and macro impulse score. A simple weighted average of the three dashboard nowcasts is also shown for comparison.

Default setup
Default Growth / Inflation / Liquidity weights are 0.33 / 0.33 / 0.34. Default macro anchor mode is ME-held. Default nowcast blend is 50% macro anchor score and 50% macro impulse score. Default impulse smoothing length is 1, which means smoothing is off.

How to use it
Use the macro anchor as the slower structural macro backdrop, macro impulse as the faster macro momentum overlay, and macro nowcast as the blended signal. If the impulse starts diverging from the anchor, that often signals transition risk before the slower backdrop fully changes. The two plot modes let you view the model either in user-friendly 0–100 scores or in z-based form.

Misc.
This script must be wired to the hidden plots from the three v6 dashboards: GROW_ME_COMPOSITE_Z_SOURCE, GROW_IMPULSE_Z_SOURCE, GROW_NOWCAST_SOURCE, plus the equivalent INFL and LIQ sources.
Release Notes
MMM Grand Composite (Anchor + Impulse + Nowcast) v6

Disclaimer

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