S&P Sector Correlation

Script for Macro:
This indicator shows the 9 day average of the correlation of the 11 S&P500 sectors with the security.

Recommend you use the indicator on SPX or SPY, but you can change the values to be compared.

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.


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