This is a variation of the SPX Fair Value Bands indicator which uses WSHOSHO instead of WALCL. WSHOSHO only includes the 'Securities Held Outright' portion of the Fed balance sheet. This effectively eliminates the portions related to BTFP (Bank Term Funding Program).
This is similar to the SPX Fair Value Bands indicator, but for QQQ. It is based on the Net Liquidity model: Net Liquidity = FED - RRP - TGA
Shows the value of Global Net Liquidity. Currently defined as: Fed + Japan + China + UK + ECB - RRP - TGA where the first five components are central bank assets.
This is similar to Global Net Liquidity - SPX Fair Value except it's for Dow Jones Global (symbol: W1DOW here on TradingView). This is experimental and may change at any time.
This is similar to the SPX Fair Value Bands indicator. It currently only displays the fair value. The original SPX Fair Value formula only includes the Fed balance sheet data. This indicator incorporates the following central bank assets: Fed Japan China UK ECB This is currently experimental. Feel free to explore using different formula constants.