Global M2 Money Supply Top20 + Offset & Wave

The M2 Top20 is a global aggregation of the M2 money supply from the 20 largest economies in the world, providing a comprehensive view of the total liquidity in the global financial system. It is expressed in trillions of USD.

This script calculates and visualizes the M2 Money Supply of the Top 20 Global Economies, adjusted to various timeframes (4H, 1D, 1W, 1M) with customizable offset adjustments (in days) from -1000 days to +1000 days. This indicator includes data from the Americas, Europe, Africa, and the Asia Middle East, offering a diverse and balanced representation of major economic regions. The M2 of each country has been converted to USD.

Additionally, the user can set a minimum and maximum offset to create a wave around the main offset and expand the comparison.

Combining these options, this indicator enables users to visualize a range of the global money supply, making it useful for market analysis, economic forecasting, and understanding macroeconomic trends. This indicator is particularly valuable for traders and analysts interested in understanding the dynamics of global monetary systems and their potential impact on financial markets.

Key Features:

• Global M2 Money Supply calculation from the Top 20 Economies.
  
• Adjustable Offset: Adjust the offset to align the indicator with the best bar. Adjustment in days, usable on different timeframes (1D, 1W, 4H, 1M).
  
• Wave Projection: Displays a "probability cloud"—a smoothed area that shows the probable path of Bitcoin, derived from shifts in global liquidity.
  
• Min/Max Offset Adjustments: Customizable offsets allow you to determine the range of future windows, helping to shape the wave and better identify liquidity-driven turning points.
  

Use Cases:

• Economic Forecasting: Identify trends in global money supply and their potential market impact (e.g., historically leads Bitcoin price by +/- 78 days to +/-108 days).
  
• Market Analysis: Track the growth or contraction of money supply across key economies.
  
• Macro-Economic Analysis: Understand the relationship between monetary policies and market performance.
  

How to use:

1. Add the indicator to your chart.
   
2. Set the timeframe to 1D to customize the offset.
   
3. Set the Offset (in days).
   
4. Set the Offset Range Minimum and Maximum.
   
5. Show/Hide the Range Wave
   

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Use offset = 0 to have the indicator align directly with the current data, without any shift, providing a baseline for comparison with the most recent market conditions.

Countries included in the M2 Top20:
China (CN), Japan (JP), South Korea (KR), Hong Kong (HK), Taiwan (TW), India (IN), Saudi Arabia (SA), Thailand (TH), Vietnam (VN), United Arab Emirates (AE), Malawi (MW) – Africa, United States (US), Canada (CA), Brazil (BR), Mexico (MX), Eurozone (EU), United Kingdom (GB), Russia (RU), Poland (PL), Switzerland (CH).
These countries were selected from the ranking of the World Economy Indicator of Trading View.