Global Liquidity on Crypto Markets - Impact Gauge {DCAquant}

Global Liquidity on Crypto Markets - Impact Gauge {DCAquant}

This Pine Script indicator visualizes global liquidity trends and their impact on the crypto markets. The indicator includes several metrics and tools to help traders assess market conditions and make informed decisions. Below is a detailed description of each component and how they function.

General Settings and Inputs

Plotting Options: Choose between different indicators (RSI, ALMA, APSI) to plot.

Background Color Options: Select the trend indicator to plot as the background color.

Table Position and Size: Customize the position and size of the trend probability table.

Global Liquidity Index Components: Enable or disable various central banks and money supply metrics that contribute to the global liquidity index.

Relative Strength Index (RSI): Configure the RSI settings, including length, overbought/oversold thresholds, and standard deviation options. Using the Global Liquidity Index as its source.

ALMA/RSI Crossover: Customize the settings for the ALMA (Arnaud Legoux Moving Average) and RSI crossover strategy. Using the Global Liquidity Index as its source.

Alt Peak Strength Index (APSI): Configure the settings for APSI, which measures alternative market strength. The main risk ON signal for this indicator is when the blue plot is #1. Risk off when below either of the other 2 plots.

Global Liquidity Index (GLI)

The GLI is calculated by aggregating data from various central banks and money supply metrics. This data is normalized and logged for further analysis.

Relative Strength Index (RSI)

Calculation: RSI is calculated based on the GLI or its standard deviation.

Color Coding: The RSI plot and background color change based on predefined thresholds (overbought, oversold, neutral).

Plots: Displays the RSI along with overbought and oversold lines.

ALMA vs. RSI Crossover

This strategy compares the ALMA and RSI to determine potential long or short signals.

Calculation: Uses the ALMA smoothed data and compares it with the RSI.

Signal Generation: Generates long or short signals based on the crossover of ALMA and RSI values.

Alt Peak Strength Index (APSI)

APSI measures the strength of alternative markets relative to major benchmarks.

Calculation: Combines the rate of change (RoC) and RSI values of total market benchmarks and others.

Omega Ratio: Calculates the omega ratio to assess risk and performance.

Plots: Displays the APSI values and the risk-on signal.

Table of Global Liquidity Trend Probability

A table summarizing the current market conditions based on RSI, ALMA, and APSI.

Metrics: Shows metrics such as position, reversal likelihood, and risk status for each indicator.

Colors: The table cells are color-coded to provide quick visual cues about market conditions.

Alerts

The script includes alert conditions to notify traders when certain thresholds are met:

RSI Alerts: Notifies when RSI is in a neutral, long, or short condition.

ALMA Alerts: Notifies when ALMA signals a long or short condition.

APSI Alerts: Notifies when APSI signals a long or short condition.

Risk Alerts: Notifies when the market is in a risk-on or risk-off condition.

This indicator is designed to provide a comprehensive view of market liquidity and trends, aiding traders in making informed decisions based on a combination of technical analysis and global economic factors.

Release Notes

Added MACD with GLI as the source to help better spot Divergence

Release Notes

Added a GL TPI score, which is average score of the metrics. Where position Long = 1, Short = -1 and Neutral = 0.

Release Notes

Added Momentum, Bollinger Bands and Stochastic Oscillator.

7 Indicator TPI using GL as source. load onto a chart to compare how that asset reacts to GL.

Release Notes

Added ability to plot TPI

Release Notes

Added HMA smoothing option to TPI plot.

Release Notes

Added the ability to remove the plots, background color, or table independently.

Release Notes

Cleaning up code.

Release Notes

Added Beta & Correlation metrics compared to BTC for the ticker loaded on the chart. Everything else is calculated off GLI.

Release Notes

Added Machine Learning to the TPI with the ability to Enable/Disable it.

Release Notes

Made the Machine Learning and HMA Smoothing False by default.

Release Notes

The bottom half of the table is now analysis for the ticker chart. It shows Correlation, Beta, and 3D AVG RoC for both metrics for ticker vs BTC & ETH.

Release Notes

Fixed some basic spelling errors throughout the script.

Release Notes

General Maintenance. Tightening up the calculations based on some backtesting.

Release Notes

Fixed STC table coloring conditions.

Release Notes

Fixed some color coding errors on the table.

Release Notes

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.

RWCS_LTD

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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

RWCS_LTD

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