S&P 500 Sector Strength Index

Hi traders , this is lonelygrass again 😄, and I am going to show what you don't often see out there and share it with you.

This indicator is called "s&p 500 sector strength index"😎 , which allows you to distinguish strengths and weaknesses between different sectors in s&p500 , and to create meaningful trading frameworks around it.

Similar to the RSI indicator , it also has overbought and oversold levels , you can clearly figure out the degree of crowd behaviors in various sectors' stocks .

For me 🤣, I will use it to "BUY LOW⬇️ , SELL HIGH⬆️". When a sector is oversold at the moment, I will try to buy those stocks when I find price actions and chart patterns in comply with the analysis by this indicator , the opposite for shortselling.

Also, for sake of being more user-friendly 👍, I added a function which enables you to only select the sector(s) you want to look at in order to make it less messy.

If you can't help to know what I will share with you coming up, then FOLLOW my account 😙 . Also , your likes and shares are really important 🎊. I will get more motivated to bring you new thing every day!!! ✍
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hey, how can I enable the labels on the right side?
+2 Cevap Gönder
lonelygrass tomavientasmo
@tomavientasmo, go to chart settings and check on the option "Indicator Name Label"
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tomavientasmo lonelygrass
@lonelygrass, thanks!
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Wow! thanks for this. may you have all green trading days!
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Very well
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lonelygrass NicoleLomazowLowe
@NicoleLomazowLowe, thanks for support. It makes my day😊
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Useful and Great; thanks for shared bro <3
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@ICEKI, just share it with your fd !!!
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ICEKI lonelygrass
@lonelygrass, Yup; thank you =D
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