Liquidity Proxy : China — Indicator by dharmatech

This is based on the 'Global Liquidity Proxy' as defined by Darius Dale.

GLP is comprised of:

* Central bank balance sheet
* Narrow money supply
* Foreign exchange reserves minus gold

This is an approximation based on the description above.

This indicator shows the global liquidity proxy for China.

The model, in terms of TradingView symbols is:

YoY change % of
CNCBBS + CNM1 + CNFER - CNGRES

The chart doesn't exactly match what Darius shows so his model is likely somewhat different.

RED : China liquidity index
GREEN : SSE composite index YoY change %

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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