This indicator shows real-time current day performance for 11 ETFs that divide the S&P 500 into eleven sector index funds. The list of different sector ETFs this indicator tracks is as follows -
1. SPY - S&P 500 Index
2. XLC - Communication Services
3. XLY - Consumer Discretionary
4. XLP - Consumer Staples
5. XLE - Energy
6. XLF - Financials
7. XLV -...
Hi All,
I always have a question on how to know which sector is performing. I have created this Heatmap comparison to know strength of sector.
I have used RSI and MACD calculation and put it across 5 different index. Color shows bullishness and Gray shows weakness.
You can select RSI or MACD or Both to have calculation. And you can also compare stocks if you...
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 ,...
