This script shows how money is moving among different sectors using relative-strength of the corresponding sector-specific largest ETFs against MSCI World. Trend and current value of Relative-strength can be used to determine the sector in which you should make your investment at this point, considering the movement in markets.
Original math equation coded by coder fxrapid's VACP indicator. www.tradingview.com One of the few Welles Wilder fans on TV that I can tell, so BRAVO!!! I have tweaked the rotation as a little bird told me it was off by a day. I have turned this from an oscillator to an optional background color and/or colored candles. I like to use the color candles with...
This is an original indicator so a true hidden gem in my opinion. I based this idea off of the work by Giorgos Siligardos (Stocks and Commodities Aug 2012) with his indicator called the Sector Rotation Model. This indicator is best used as a trend confirmation in combination with another indicator such as a leading indicator. This will show you how strong the...
The script was hidden due to the reference link. Republishing without any links. If you would like to know more about the formula, just google it. The script is based on the first few results from google search. How to use: adjust the input number and timeframe. It means how far you would like to look back. e.g. weekly timeframe and 12 as input number mean you...