Zeta Sector Scanner

13 Mar 2021

People say trend is friend till it bends.

A proven strategy to get better than broader index returns is to find out what are the best performing sectors in rising market and
what are the worst performing sectors in falling market.

Then buy top stocks of Best Performing Sector (in rising market) or short sell worst performing stocks in falling market.


This strategy, known as 'top-down investment strategy' determines the overall health of the economy of a country first (by evaluating the broader index of that country first).

And then it picks up specific sectors where money is entering or exiting.


Zeta Sector Scanner tracks Nifty50, which is broader index for Indian Market and then picks up best or worst performing sector of the day and displays the info in real time on your chart.


Once you know which sector to target on a given time of the day, pick up the stocks of that sector and the probability of trade going in your favor will increase many fold.


With little modifications, this indicator can be adapted to any world market but currently it caters to Indian Market only.

14 Mar 2021

Sürüm Notları

Updated code to display 10 Sectors.. Nifty & Bank Nifty indices.

14 Tem 2021

Sürüm Notları

Updated Overall trend style to columns with conditional color coding.

Also tweaked the settings which will now be more reflective of current trend (past 45 minutes at 5 min. time frame).

If you take trades at higher time frames and want to take past 10 days data into account, change the number of bars to 240 for 30 min. time frame by going to indicator settings.

15 Tem 2021

Sürüm Notları

Changed Plotting Style for the sectors.

16 Tem 2021

Sürüm Notları

Default look back period changed to suit intraday traders