PROTECTED SOURCE SCRIPT
Telah dikemas kini Breadth - Auto Sector % Above * MA
Breadth - Auto Sector % Above * MA
█ OVERVIEW
'Auto-Sector % Above * MA' is an enhanced script tailored to intuitively adapt to your chart's ticker symbol, ensuring traders obtain relevant market breadth insights specific to the sector they're analyzing. If the script detects individual stocks or those outside traditional sectors, it reverts to display the general market breadth. By determining the percentage of stocks above their Simple Moving Average (SMA), it delivers a dynamic and accurate mechanism to discern market directions.
█ SECTOR ADAPTABILITY
One of the standout features of this script is its inherent ability to auto-detect the sector based on the chart's ticker symbol. When focused on sector-based tickers like ETFs, the script will seamlessly transition to display the pertinent '% Above SMA' data for that sector. In situations where individual stocks or non-sector tickers are analyzed, the script seamlessly reverts to the overall market breadth. This fluidity eliminates manual adjustments and enhances the accuracy of the breadth evaluation.
█ MARKET BREADTH
Market breadth remains a cornerstone of technical analysis. It delves into the balance between securities rallying versus those declining. This indicator is pivotal in gauging market sentiment, providing invaluable insights into the vigor and longevity of market movements.
█ PERCENTAGE ABOVE MOVING AVERAGE
At its core, the script vividly portrays the percentage of stocks trading above a user-selected SMA within the detected sector. When a significant portion of stocks in a specific sector hover above their 200-day moving average, it could signify a prevailing bullish sentiment for that sector. Conversely, a low percentage might hint at bearish tendencies. As always, such interpretations should be complemented by a broader analytical context for astute trading choices.
█ KEY FEATURES
Beyond its sector-detection prowess, the script maintains a rich suite of customization capabilities. Users have the freedom to pick from a diverse range of SMA durations. The toolkit for data refinement and graphical representation has also been updated, ensuring users get a top-notch experience. The introduction of distinct candlestick presentations, coupled with Heikin-Ashi (HA) formatted inside bars colored in black, makes chart interpretation more intuitive.
█ ACKNOWLEDGEMENTS
This script builds upon the foundational elements of the 'Breadth - % Above * MA' and integrates snippets from the 'Line Break' script by kitoboynaya. A heartfelt nod to their outstanding work.
█ CODE
The 'Auto-Sector % Above * MA' script is rolled out as protected code, given its unique sector-detection formula and style. While we wholeheartedly endorse the spirit of knowledge dissemination, some facets of the script are retained as proprietary.
█ OVERVIEW
'Auto-Sector % Above * MA' is an enhanced script tailored to intuitively adapt to your chart's ticker symbol, ensuring traders obtain relevant market breadth insights specific to the sector they're analyzing. If the script detects individual stocks or those outside traditional sectors, it reverts to display the general market breadth. By determining the percentage of stocks above their Simple Moving Average (SMA), it delivers a dynamic and accurate mechanism to discern market directions.
█ SECTOR ADAPTABILITY
One of the standout features of this script is its inherent ability to auto-detect the sector based on the chart's ticker symbol. When focused on sector-based tickers like ETFs, the script will seamlessly transition to display the pertinent '% Above SMA' data for that sector. In situations where individual stocks or non-sector tickers are analyzed, the script seamlessly reverts to the overall market breadth. This fluidity eliminates manual adjustments and enhances the accuracy of the breadth evaluation.
█ MARKET BREADTH
Market breadth remains a cornerstone of technical analysis. It delves into the balance between securities rallying versus those declining. This indicator is pivotal in gauging market sentiment, providing invaluable insights into the vigor and longevity of market movements.
█ PERCENTAGE ABOVE MOVING AVERAGE
At its core, the script vividly portrays the percentage of stocks trading above a user-selected SMA within the detected sector. When a significant portion of stocks in a specific sector hover above their 200-day moving average, it could signify a prevailing bullish sentiment for that sector. Conversely, a low percentage might hint at bearish tendencies. As always, such interpretations should be complemented by a broader analytical context for astute trading choices.
█ KEY FEATURES
Beyond its sector-detection prowess, the script maintains a rich suite of customization capabilities. Users have the freedom to pick from a diverse range of SMA durations. The toolkit for data refinement and graphical representation has also been updated, ensuring users get a top-notch experience. The introduction of distinct candlestick presentations, coupled with Heikin-Ashi (HA) formatted inside bars colored in black, makes chart interpretation more intuitive.
█ ACKNOWLEDGEMENTS
This script builds upon the foundational elements of the 'Breadth - % Above * MA' and integrates snippets from the 'Line Break' script by kitoboynaya. A heartfelt nod to their outstanding work.
█ CODE
The 'Auto-Sector % Above * MA' script is rolled out as protected code, given its unique sector-detection formula and style. While we wholeheartedly endorse the spirit of knowledge dissemination, some facets of the script are retained as proprietary.
Nota Keluaran
* fix for XLK, XLY, XLCNota Keluaran
Prexis 'INDEX:' added to correct XLE Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
ko-fi.com/eventhorizon011
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya secara bebas dan tanpa apa-apa had – ketahui lebih di sini.
ko-fi.com/eventhorizon011
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.