Piet.Hein

Sectors Relative Strength Normal Distribution

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 underperforming the SPY             (or any other security) relatively to each other by the given deviation.
Remove from Favorite Scripts Add to Favorite Scripts
study("Sectors Relative Strength Normal Distribution")

//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.

sym = input(title="Comparative Security", type=symbol, defval="SPY")
res = input(title="Resolution", type=resolution, defval="D")
a = security(sym, res, close)
i = input(title="Deviation", type=integer, defval=200, minval=2, maxval=2000)

XLB1 = security("XLB",res,close)
XLE1 = security("XLE",res,close)
XLF1 = security("XLF",res,close)
XLI1 = security("XLI",res,close)
XLK1 = security("XLK",res,close)
XLP1 = security("XLP",res,close)
XLU1 = security("XLU",res,close)
XLV1 = security("XLV",res,close)
XLY1 = security("XLY",res,close)
XTN1 = security("XTN",res,close)

XLB2 = XLB1/a
XLE2 = XLE1/a
XLF2 = XLF1/a
XLI2 = XLI1/a
XLK2 = XLK1/a
XLP2 = XLP1/a
XLU2 = XLU1/a
XLV2 = XLV1/a
XLY2 = XLY1/a
XTN2 = XTN1/a

XLB3 = stdev(XLB2,i)
XLE3 = stdev(XLE2,i)
XLF3 = stdev(XLF2,i)
XLI3 = stdev(XLI2,i)
XLK3 = stdev(XLK2,i)
XLP3 = stdev(XLP2,i)
XLU3 = stdev(XLU2,i)
XLV3 = stdev(XLV2,i)
XLY3 = stdev(XLY2,i)
XTN3 = stdev(XTN2,i)

XLB4 = sum(XLB2,i)/i
XLE4 = sum(XLE2,i)/i
XLF4 = sum(XLF2,i)/i
XLI4 = sum(XLI2,i)/i
XLK4 = sum(XLK2,i)/i
XLP4 = sum(XLP2,i)/i
XLU4 = sum(XLU2,i)/i
XLV4 = sum(XLV2,i)/i
XLY4 = sum(XLY2,i)/i
XTN4 = sum(XTN2,i)/i

XLB5 = (XLB2-XLB4)/XLB3
XLE5 = (XLE2-XLE4)/XLE3
XLF5 = (XLF2-XLF4)/XLF3
XLI5 = (XLI2-XLI4)/XLI3
XLK5 = (XLK2-XLK4)/XLK3
XLP5 = (XLP2-XLP4)/XLP3
XLU5 = (XLU2-XLU4)/XLU3
XLV5 = (XLV2-XLV4)/XLV3
XLY5 = (XLY2-XLY4)/XLY3
XTN5 = (XTN2-XTN4)/XTN3

plot(XLB5,title="Materials - XLB",color=red)
plot(XLE5,title="Energy - XLE",color=blue)
plot(XLF5,title="Financial - XLF",color=purple)
plot(XLI5,title="Industrial - XLI",color=yellow)
plot(XLK5,title="Technology - XLK",color=orange)
plot(XLP5,title="Consumer Staples - XLP",color=green)
plot(XLU5,title="Utilities - XLU",color=gray)
plot(XLV5,title="Healthy Care - XLV",color=black)
plot(XLY5,title="Consumer Discretionary - XLY",color=maroon)
plot(XTN5,title="Transportation - XTN",color=navy) 
Great idea, thanks for this!
Reply
oh to be young and learn how to program ,
you did a nice visual there
+1
Reply
Cool one.
Reply
Piet.Hein IvanLabrie
:)
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out