JP SectorST — Indicator by nepenji_

This is an indicator that refers to and normalizes ETFs for each sector in Japan. For normalization, you can choose from three types: DEMA, Z-Score, and MinMax.

Release Notes:

I've updated the label features. Please change the label text size directly by inputting your desired size.

Release Notes:

High & Low line addition
Minor bug fixes

Release Notes:

Minor bug fixes

Release Notes:

Add the average of the normalized sectors.
Then add a table that represents the deviation between the average and the sectors.

Release Notes:

Improve the table.

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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