1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Index Concentration & Contribution tracks NDX, SPX, DJIA, or RUT using hard-coded weights and a table of member percentage changes versus the prior daily close, the regular-hours open, or a user-set lookback. Breadth and top-share thresholds label the move broad or narrow, with optional coverage warnings and direction-tinted cells. The regime label is suppressed for RUT because tracked names cover little of the index. Weights are static approximations and are not live.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Index
string
NDX
idxChoice
Tracked Members
int
15
nTrack
Move Window
string
Day
windowMode
N (lookback days)
int
20
nDays
Show Table
bool
true
showTable
Table Position
string
Top Right
tablePosition
Text Size
string
Small
textSize
Show Regime Label
bool
true
showRegime
Show Coverage Warning
bool
true
showCoverage
Color Cells By Direction
bool
true
colorByDir
BROAD: Min breadth %
float
65.0
broadBreadth
BROAD: Max top-3 share %
float
50.0
broadTop3
Show all 14 settings
Setting
Type
Default
Variable
NARROW: Min top-1 share %
float
40.0
narrowTop1
NARROW: Max breadth %
float
40.0
narrowBreadth
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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