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dharmatech
17 mars 2023 04:07

SPX Fair Value Bands WSHOSHO 

S&P 500SP

Description

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).

Notes de version

Raise the lower band.

Instead of -300, use -200.
Commentaires
merlock
Super! Is this lag adjusted? Last I read there is a lag of about a week between Net Liquidity and SPX
user1928374560XYZ
You're the man, Dharma. Om Shanti
Perb99c0
Thank you for this! How often is TGA updated, daily?
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