Relative Performance Comparison among different sectors — Indicator by similarTruffle68357

relativestrengthcomparison relative strength sector rotation

This script shows how money is moving among different sectors using relative-strength of the corresponding sector-specific largest ETFs against MSCI World. Trend and current value of Relative-strength can be used to determine the sector in which you should make your investment at this point, considering the movement in markets.

Release Notes:

Update: Plots only when relative strength is higher than its own simple moving average over last 10 lengths.. this helps in visualizing the relative trend among multiple securities easily

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

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