Jigga - Heatmap Comparision — Strategy by jigneshjc

oscillator breadthstudies sector_analysis

Hi All,

I always have a question on how to know which sector is performing. I have created this Heatmap comparison to know strength of sector.

I have used RSI and MACD calculation and put it across 5 different index. Color shows bullishness and Gray shows weakness.

You can select RSI or MACD or Both to have calculation. And you can also compare stocks if you want.

Note: Use it for Medium / Long term investment. Can not be use for Intraday.

Happy investing !!

Release Notes:

Updated to @Version=5

Open-source script

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

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