This Pine Script indicator calculates the total global liquidity by combining M2/M3 money supply data from major economies, converted to USD. The final value is displayed in billions of USD.
Countries and Monetary Measures Used:
United States (USM2) - M2 Money Supply
China (CNM2) - M2 Money Supply
Japan (JPM2) - M2 Money Supply
European Union (EUM2) - M2 Money Supply
South Korea (KRM2) - M2 Money Supply
Canada (CAM2) - M2 Money Supply
India (INM2) - M2 Money Supply
Taiwan (TWM2) - M2 Money Supply
Great Britain (GBM2) - M2 Money Supply
Australia (AUM3) - M3 Money Supply
Features:
Time Offset: Allows shifting the data forward or backward by a specified number of bars
Scale Range: Set to display between 97,000 and 100,000 billion USD
Overlay Option: Can be displayed as an overlay on the main chart
Left Scale: Uses the left price scale for values
Currency Conversion: Automatically converts all values to USD using real-time FX rates
Calculation Method:
Retrieves M2/M3 data for each country
Converts non-USD values to USD using current exchange rates
Sums all values
Divides by 1 billion for easier reading
Applies any time offset requested by the user
The indicator provides a comprehensive view of global liquidity by tracking approximately 80% of the world's monetary supply through these major economies.