PROTECTED SOURCE SCRIPT
NSE Sector & Index Scanner
Description
Unlock the full picture of the Indian Stock Market with this all-in-one Sector & Index Scanner.
This robust indicator is designed for traders who need a bird's-eye view of market rotation and sector performance. It eliminates the noise and focuses on what matters: Trend, Momentum, and Volume.
🚀 Key Features
1. Comprehensive Sector Dashboard
Track 30+ Indices: Covers everything from Major Indices (Nifty 50, Bank Nifty) to specific sectors (Auto, IT, Pharma, Defence) and thematic indices (PSE, MNC, Commodities).
Dual-Timeframe Analysis:
21D % (Monthly Trend): Identify the dominant trend.
Day % (Intraday Action): Spot immediate price action and breakouts.
Relative Strength (RS): Instantly see which sectors are outperforming the Benchmark (Nifty 50).
2. Smart Volume Detection
Volume Icons (⚡): A lightning bolt icon appears next to the "Day %" when volume is 1.5x higher than the average, signaling institutional participation.
3. Market Breadth Gauge
Real-time Health Check: Visualizes the percentage of sectors that are Bullish, Neutral, or Bearish.
Market Bias: Auto-detects the overall market mood (e.g., "SIDEWAYS (Positive Bias)", "BULLISH").
4. Dynamic Sorting & Visuals
Auto-Sorting: Automatically ranks sectors from Strongest to Weakest.
Heatmap Coloring: Intuitive background colors (Green/Red) help you spot leaders and laggards instantly.
Top Leaders Label: Displays the top 3 performing sectors directly on the chart for quick reference.
🛠️ Settings & Customization
Momentum Lookback: Adjust the period for trend calculation (Default: 21 days).
Chart Display Mode: Switch between plotting "Sectors" lines or the "Market Breadth" histogram.
Benchmark: Change the RS comparison symbol (Default: NIFTY).
📋 How to Use
Add the indicator to your chart (works best on Daily timeframe).
Use the Table to identify the strongest sectors (Green top rows).
Look for Volume (⚡) confirmation on sectors moving today.
Check RS to ensure you are trading the leaders, not the laggards.
Use Market Breadth to gauge if the overall environment supports long or short positions.
Unlock the full picture of the Indian Stock Market with this all-in-one Sector & Index Scanner.
This robust indicator is designed for traders who need a bird's-eye view of market rotation and sector performance. It eliminates the noise and focuses on what matters: Trend, Momentum, and Volume.
🚀 Key Features
1. Comprehensive Sector Dashboard
Track 30+ Indices: Covers everything from Major Indices (Nifty 50, Bank Nifty) to specific sectors (Auto, IT, Pharma, Defence) and thematic indices (PSE, MNC, Commodities).
Dual-Timeframe Analysis:
21D % (Monthly Trend): Identify the dominant trend.
Day % (Intraday Action): Spot immediate price action and breakouts.
Relative Strength (RS): Instantly see which sectors are outperforming the Benchmark (Nifty 50).
2. Smart Volume Detection
Volume Icons (⚡): A lightning bolt icon appears next to the "Day %" when volume is 1.5x higher than the average, signaling institutional participation.
3. Market Breadth Gauge
Real-time Health Check: Visualizes the percentage of sectors that are Bullish, Neutral, or Bearish.
Market Bias: Auto-detects the overall market mood (e.g., "SIDEWAYS (Positive Bias)", "BULLISH").
4. Dynamic Sorting & Visuals
Auto-Sorting: Automatically ranks sectors from Strongest to Weakest.
Heatmap Coloring: Intuitive background colors (Green/Red) help you spot leaders and laggards instantly.
Top Leaders Label: Displays the top 3 performing sectors directly on the chart for quick reference.
🛠️ Settings & Customization
Momentum Lookback: Adjust the period for trend calculation (Default: 21 days).
Chart Display Mode: Switch between plotting "Sectors" lines or the "Market Breadth" histogram.
Benchmark: Change the RS comparison symbol (Default: NIFTY).
📋 How to Use
Add the indicator to your chart (works best on Daily timeframe).
Use the Table to identify the strongest sectors (Green top rows).
Look for Volume (⚡) confirmation on sectors moving today.
Check RS to ensure you are trading the leaders, not the laggards.
Use Market Breadth to gauge if the overall environment supports long or short positions.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.