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[TT] Sectors Dist % From MA

tradersTerminal  
Breadth Indicators Trend Analysis Volatility meanreversion mean_reversal SPX (S&P 500 Index) SPDR S&P 500 ETF (SPY) S&P 500 (SPX500)
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breadthstudies trendanalysis volatility meanreversion mean_reversal spx spy spx500
- The script shows the distance in percentages from the 200 MA (or any other MA period) , for the 11 SP500 sectors.
- It works based on the current time frames.

Could be useful when working with mean reversion strategies to detect extremes zones and overbought/oversold conditions in the given sectors compared others.
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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