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Global Liquidity Index Correlation [MarktQuant]

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The Global Liquidity Index Correlation indicator is a TradingView tool that tracks global liquidity trends from major central banks and economic regions, displayed as a non-overlay indicator on a volume scale with two-decimal precision. It’s designed to help traders analyze how liquidity impacts markets.

Core Functionality
It aggregates liquidity data from sources like the U.S. Federal Reserve, ECB, PBC, BOJ, and others, converting everything to USD. Users can view either the total liquidity (GL Index) or its Rate of Change (GLI RoC), with options to smooth the data and adjust time periods for momentum and correlation analysis.

Visual Features
A table at the bottom center summarizes key stats: total liquidity (in trillions), weekly/monthly/yearly RoC, a correlation score with the asset’s price, and a trend arrow. The plotted line uses a color gradient (red to green) to show correlation direction and strength.

Use Case
Ideal for traders looking to connect global liquidity shifts with market movements, it’s flexible for both short- and long-term analysis.

Customization
Adjust smoothing, RoC period, lag for correlation, display mode, and which data sources to include.
This tool offers a clear, customizable way to monitor liquidity’s market influence.

Release Notes
Color option for the RoC plot added.
Release Notes
Updated the composition.
Underlying component returns NaN(Data Error).
I will reupdated it once the data is available.

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.