BTC Macro Composite Global liquidity Index -Offset

This indicator is based on the thesis that Bitcoin price movements are heavily influenced by macro liquidity trends. It calculates a weighted composite index based on the following components:
• Global Liquidity (41%): Sum of central bank balance sheets (Fed [WALCL], ECB [EUCBBS], BoJ [JPCBBS], and PBoC [CNCBBS]), adjusted to USD.
• Investor Risk Appetite (22%): Derived from the Copper/Gold ratio, inverse VIX (as a risk-on signal), and the spread between High Yield and Investment Grade bonds (HY vs IG OAS).
• Gold Sensitivity (15–20%): Combines the XAUUSD price with BTC/Gold ratio to reflect the historical influence of gold on Bitcoin pricing.

Each component is normalized and then offset forward by 90 days to attempt predictive alignment with Bitcoin’s price.

The goal is to identify macro inflection points with high predictive value for BTC. It is not a trading signal generator but rather a macro trend context indicator.

❗ Important: This script should be used with caution. It does not account for geopolitical shocks, regulatory events, or internal BTC market structure (e.g., miner behavior, on-chain metrics).

💡 How to use:
• Use on the 1D timeframe.
• Look for divergences between BTC price and the macro index.
• Apply in confluence with other technical or fundamental frameworks.

🔍 Originality:
While similar components exist in macro dashboards, this script combines them uniquely using time-forward offsets and custom weighting specifically tailored for BTC behavior.