JPX 33Sect Index

The indicator, “JPX 33Sect-IDX,”is designed to compare Japan’s Tokyo Stock Exchange sector indices, JPX-33, with stock prices. It allows you to compare the price movements of various sectors with those of individual stocks, and also to identify sector-specific price trends.

This indicator automatically sets the value at the left edge of the displayed chart to 100 and when viewing sector index trends over the short term, you can quickly see which sectors have been strong or weak recently. Over the long term, the indicator helps you grasp sector cycles. As reference indicators, the Nikkei 225 can also be displayed simultaneously.

Moving averages (MA) can be applied to indicators to identify trends using smoothed lines.


note:
Due to Pine Script's plot limit, some sectors have been consolidated. Additionally, a semiconductor sector has been added, which is considered desirable to track as a separate sector in recent years.
This indicator is intended for trading Japanese stocks, so please note that the display uses Japanese text.