Blockchain Fundamentals: Global Liquidity

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Global Liquidity Indicator Overview

This indicator provides a comprehensive technical analysis of liquidity trends by deriving a Global Liquidity metric from multiple data sources. It applies a suite of technical indicators directly on this liquidity measure, rather than on price data. When this metric is expanding Bitcoin and crypto tends to bullish conditions.

Features:

1. Global Liquidity Calculation

Data Integration: Combines multiple market data sources using a ratio-based formula to produce a unique liquidity measure.
Custom Metric: This liquidity metric serves as the foundational input for further technical analysis.

2. Timeframe Customization

User-Selected Period: Users can select the data timeframe (default is 2 months) to ensure consistency and flexibility in analysis.

3. Additional Technical Indicators

RSI, Momentum, ROC, MACD, and Stochastic:
Each indicator is computed using the Global Liquidity series rather than price.
User-selectable toggles allow for enabling or disabling each individual indicator as desired.

4. Enhanced MACD Visualization

Dynamic Histogram Coloring:
The MACD histogram color adjusts dynamically: brighter hues indicate rising histogram values while darker hues indicate falling values.
When the histogram is above zero, green is used; when below zero, red is applied, offering immediate visual insight into momentum shifts.

Conclusion

This indicator is an enlightening tool for understanding liquidity dynamics, aiding in macroeconomic analysis and investment decision-making by highlighting shifts in liquidity conditions and market momentum.

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