Largest Market Cap Performance — Indicator by HermanBrummer

Hey guys,

This Table script imports the 20 largest market caps ticker data and creates a moving average to check if each is above their moving average or not.
We all know how important these mega gargantuan compies are to the overall market. If they stall everything else stalls too.
I also added a column to show how far these are above or below their moving averages, to see if things are overextended.
This script is for the table only, but I also created a ribbon indicator showing at the bottom of the screen. I found this to be quite reliable and have built a strategy that trades these large caps based just on the ribbon.
I will post that strat at some point in the future

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.

Want to use this script on a chart?