This is Part 2 of 2 from the 42MACRO Recreation Series However, there will be a bonus Indicator coming soon!
The CE - 42MACRO Fixed Income and Macro Table is a next level Macroeconomic and market analysis indicator. It aims to provide a probabilistic insight into the market realized GRID Macro regimes, track a multiplex of important Assets, Indices, Bonds and ETF's to derive extra market insights by showing the most important aggregates and their performance over multiple timeframes... and what that might mean for the whole market direction. For traders and especially investors, the unique functionalities will be of high value.
WARNING By the nature of the macro regimes, the outcomes are more accurate over longer Chart Timeframes (Week to Months). However, it is also a valuable tool to form an advanced, market realized, short to medium term bias.
NOTE This Indicator is intended to be used alongside the 1nd part "CE - 42MACRO Equity Factor" for a more wholistic approach and higher accuracy.
Methodology: The Equity Factor Table tracks specifically chosen Assets to identify their performance and add the combined performances together to visualize 42MACRO's GRID Equity Model. For this it uses the below Assets:
Comes with different Calculation options like RoC, Sharpe ratio, Sortino ratio, Omega ratio and Normalization
Allows for advanced market (health) performance
Provides the calculated, realized GRID market regimes
Informs about "Risk ON" and "Risk OFF" market states
Visuals - for your best experience only use one (+ BarColoring) at a time: You can visualize all important metrics: - GRID regimes of the currently chosen calculation type - Risk On/Risk Off with background colouring and additional +1/-1 values - a smoother GRID model - a smoother Risk On/ Risk Off metric - Barcoloring for enabled metric of the above If you have more suggestions, please write meFixed Income and Macro: The visualisation of the relative performance of the different assets provides valuable information about the current market environment and the actual market performance. It furthermore makes it possible to obtain a deeper understanding of how the interconnected market works and makes it simple to identify the actual market direction, thus also providing all the information to derive overall market health, market strength or weakness.
Utility: The Fixed Income and Macro Table is divided in 4 Columns which are the GRID regimes:
Economic Growth:
Goldilocks
Reflation
Economic Contraction:
Inflation
Deflation
Top 5 Fixed Income/ Macro Factors: Are the values green for a specific Column? If so then the market reflects the corresponding GRID behavior.
Bottom 5 Fixed Income/ Macro Factors: Are the values red for a specific Column? If so then the market reflects the corresponding GRID behavior.
So if we have Goldilocks as current regime we would see green values in the Top 5 Goldilocks Cells and red values in the Bottom 5 Goldilocks Cells. You will find that Reflation will look similar, as it is also a sign of Economic Growth. Same is the case for the two Contraction regimes.
****** This Indicator again is based to a majority on 42MACRO's models. I only brought them into TV and added things on top of it.
If you have questions or need a more in-depth guide DM me.
GM
Informacje o Wersji
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slight optimization
Informacje o Wersji
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Added another useful function:
The ability to calculate the performance metrics relative to each other/ relative to the average performance of the other Assets of the same class to decide on the significance of that Assets performance.
Gives a more accurate representation of the actual market realized performance and regimes.
I dont really understand how can i use it, i guess its for bias and overall direction but if im uploading it to my chart does it matter the ticker ?
Celestial-Eye
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@erezphilosof, That is correct. This script is almost independent from the ticker you load it up on. However there is a distinct difference between opening it up on Stocks Charts and on Crypto Charts. Crypto is open 24/7 whereas Stocks are only open during workdays.
Thus the calculation periods change around based on the available data.
Other than that it's purely a macroeconomics view through which you can see the market. As written in the description this table allows you to visualize the behavior of the market.
erezphilosof
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@Celestial-Eye, Could you please make like a not for an example of trades ? i would love to use it on forex and futures, if you cant do that i would appriciate some sources of info i can use to understand how to use the tool, thank you !