OPEN-SOURCE SCRIPT
Industry Indices Comparison
A dynamic industry sector performance comparison indicator that helps traders and investors track relative strength across different market sectors in real-time.
- Compares up to 5 industry sector ETFs against a benchmark index (default: SPY)
- Displays key metrics including:
* Performance % over selected timeframe
* Relative performance vs benchmark
* Trend direction (▲ up, ▼ down, − neutral)
* Volume in millions (M) of shares traded
- Configurable timeframes: 1D, 1W, 1M, and 3M comparisons
- Color-coded performance indicators (green for outperformance, red for underperformance)
- Customizable table position and text size for optimal chart placement
The indicator helps identify:
1. Sector rotation patterns through relative performance
2. Leading and lagging sectors vs the broader market
3. Volume trends across different sectors
For traders, if you are considering two equally good setups, then choosing the setup belonging to a currently strong sector could be beneficial.
- Compares up to 5 industry sector ETFs against a benchmark index (default: SPY)
- Displays key metrics including:
* Performance % over selected timeframe
* Relative performance vs benchmark
* Trend direction (▲ up, ▼ down, − neutral)
* Volume in millions (M) of shares traded
- Configurable timeframes: 1D, 1W, 1M, and 3M comparisons
- Color-coded performance indicators (green for outperformance, red for underperformance)
- Customizable table position and text size for optimal chart placement
The indicator helps identify:
1. Sector rotation patterns through relative performance
2. Leading and lagging sectors vs the broader market
3. Volume trends across different sectors
For traders, if you are considering two equally good setups, then choosing the setup belonging to a currently strong sector could be beneficial.
Script de código aberto
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. Você pode favoritá-lo para usá-lo em um gráfico.
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