Quantitative Trend and Sector DashboardQuantitative Trend and Sector Dashboard
Overview
The QTS Dashboard is a visual market context tool that summarizes relative strength, benchmark comparison, volatility normalization, and sector participation in a compact on-chart display.
It is designed for analysis and situational awareness rather than trading signals or automated decisions.
What makes it different
Most relative strength tools compare symbols only to a broad index.
This dashboard automatically assigns a relevant sector or industry benchmark based on ticker membership, enabling like-for-like comparison with similar instruments.
The result is a multi-factor view of trend participation rather than a single metric.
Core components
• Benchmark Detection
Maps symbols to sector or industry ETFs to improve comparison relevance.
• Beta Normalization (252 bars)
Beta is calculated using covariance and variance to scale thresholds according to typical volatility.
• Dual Range Tracking
Measures distance from 52-week highs and lows to show position within the yearly cycle.
• Sector Participation Scan
Evaluates major SPDR sectors and lists those currently meeting configurable strength criteria.
• ATR Extension
Quantifies price distance from midpoint using ATR to highlight statistically extended moves.
Math summary
• Relative Spread = Benchmark %BelowHigh − Symbol %BelowHigh
• Beta = Covariance / Variance
• Adjusted Threshold = Base × Beta
• Extension = (Price − Midpoint) / ATR
All calculations use confirmed bars. No intentional repaint logic.
Status states
• Leader — stronger relative performance
• Neutral — in line with benchmark
• Lagging — weaker relative performance
• Extended — large volatility stretch
States describe context only.
How to use
• Compare Spread and Beta for relative positioning
• Monitor sector list for participation breadth
• Use extension values to gauge stretch conditions
• Adjust timeframe and thresholds to match your workflow
• Show, hide, or reposition the dashboard as needed
Example charts
Disclaimer
Educational and informational only.
This indicator does not provide buy or sell signals or investment advice.
Trading involves risk.
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