OPEN-SOURCE SCRIPT
SECTOR ROTATION
Sector Rotation Indicator with Auto Chart Symbol
This indicator helps traders track relative performance across multiple indices/sectors simultaneously, making it easy to identify sector rotation and market leadership.
Key Features:
✅ 21 Symbols Tracking: Monitor 20 customizable symbols + your current chart symbol automatically(DIVIDEND SYMBOL)
✅ Percentage Performance: All moving averages show percentage gain/loss from 1 timeframe period ago
✅ Color-Coded Visualization: Heat map coloring (red to green) based on relative performance ranking
✅ Flexible Timeframes: Works on any timeframe from 1-minute to 12-month charts
✅ Performance Table: Quick-view table showing candle performance with inside/outside bar detection
✅ Indian Market Ready: Pre-configured with NSE indices (NIFTY, BANKNIFTY, and sectoral indices)
Default Symbols (Customizable):
NIFTY, CNXSMALLCAP, CNXMIDCAP, BANKNIFTY
Sector indices: IT, AUTO, PHARMA, METAL, ENERGY, FMCG, etc.
Plus your current chart symbol (automatically added)
How It Works:
Select your preferred timeframe (1D, 1W, 1M, etc.)
The indicator calculates percentage performance from given period ago
Moving averages show smoothed performance trends
Colors indicate relative strength: Green = outperformers, Red = underperformers
Perfect For:
Sector rotation analysis
Relative strength comparison
Market breadth assessment
Index/ETF traders
Swing and position traders
Settings:
Adjustable MA length (default: 20)
Customizable colors and table position
Show/hide percentage labels
Horizontal or vertical table layout
This is not any buy or sell signal or recommendation, consult with your advisor first.
This indicator helps traders track relative performance across multiple indices/sectors simultaneously, making it easy to identify sector rotation and market leadership.
Key Features:
✅ 21 Symbols Tracking: Monitor 20 customizable symbols + your current chart symbol automatically(DIVIDEND SYMBOL)
✅ Percentage Performance: All moving averages show percentage gain/loss from 1 timeframe period ago
✅ Color-Coded Visualization: Heat map coloring (red to green) based on relative performance ranking
✅ Flexible Timeframes: Works on any timeframe from 1-minute to 12-month charts
✅ Performance Table: Quick-view table showing candle performance with inside/outside bar detection
✅ Indian Market Ready: Pre-configured with NSE indices (NIFTY, BANKNIFTY, and sectoral indices)
Default Symbols (Customizable):
NIFTY, CNXSMALLCAP, CNXMIDCAP, BANKNIFTY
Sector indices: IT, AUTO, PHARMA, METAL, ENERGY, FMCG, etc.
Plus your current chart symbol (automatically added)
How It Works:
Select your preferred timeframe (1D, 1W, 1M, etc.)
The indicator calculates percentage performance from given period ago
Moving averages show smoothed performance trends
Colors indicate relative strength: Green = outperformers, Red = underperformers
Perfect For:
Sector rotation analysis
Relative strength comparison
Market breadth assessment
Index/ETF traders
Swing and position traders
Settings:
Adjustable MA length (default: 20)
Customizable colors and table position
Show/hide percentage labels
Horizontal or vertical table layout
This is not any buy or sell signal or recommendation, consult with your advisor first.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.