sectors

I wrote this indicator as an attempt to see the Relative Strengths of different sectors in the same scale, but there is also other ways to do that. This indicator plots the normal distribution for the 10 sectors of the SPY for the last X bars of the selected resolution, based on the selected comparative security. It shows which sectors are outperforming and...

In the example above GOOGL's RSI is being compared against the RSI for XLK, the technology sector fund. The red and green areas make it easy to see if Google is under or overperforming relative to other tech stocks. I've included a normal RSI above it for comparison. You can compare any stock to a sector, i.e. JP Morgan (JPM) versus the financial sector (XLF), or...

Still Confused, What's Strong and Weak? Here is a simple Indicator for those who needs it. Make Sure to Define the character for the Index, go to setup and modify you like.

Highlights which S&P SPDR Sector ETFs are at highs of day (green letter) or lows of day (red letter) The first candle of the day is always all-green because by default the first candle of the day has the high of the day. So this indicator is more meaningful later in the day when sectors are making repeated highs/lows

This is my latest attempt to show price movement differences between symbols. I want to see the buying and selling pressure... is that price movement going with the market or is it moving alone? It's VERY interesting to watch this indicator and see how things play out! In my previous versions the arrows on the chart were too much clutter, while the single row of...

This is my variation of the Correlation Coefficient and I call it "Hershey's CoCo". The indicator identifies very specific Stock, Sector and Market pressures on whatever symbol you are evaluating. If interested, follow me and send me requests to evaluate your stock or sector as I refine this tool. *********************************************** Price movement...