What the ActivTrades US Market Pulse Indicator Does
This indicator measures US market risk sentiment by combining:
The relative position of cyclical and defensive sectors versus their 50-day moving averages.
The level of the VIX volatility index.
The yield spread between 10-year and 2-year US Treasury bonds.
It assigns points based on these conditions...
What the ActivTrades Europe Market Pulse Indicator Does
This indicator measures European market risk sentiment by combining:
The relative position of major European equity indices and sector ETFs versus their 50-day moving averages.
The level of the German 10-year government bond yield compared to its 10-day moving average.
The combined score assigns...
RRG RS-Ratio & Momentum – XLF, XLV, XLI vs SPY – Ion Jauregui
📘 What does this script do?
This indicator simulates a Relative Rotation Graph (RRG), analyzing the sector rotation of three major U.S. market ETFs:
🟥 XLF – Financial Sector
🟦 XLV – Health Care Sector
🟩 XLI – Industrial Sector
Each is compared against SPY (S&P 500 ETF) as the benchmark.
⚙️ How...
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The WACD -ActivTrades- IonJauregui - Weighted Average Cumulative Delta indicator shows market sentiment by tracking the difference between buying and selling volumes, weighted by the closing price. It calculates the cumulative delta (net buy vs. sell volume) and applies a moving average to smooth the results.
Cumulative...
