This indicator measures the chart symbol’s percentage change from the opening price at the start of each US presidential term and plots those values as histogram columns in a separate pane. Columns are offset so each administration appears separately, with a s
Indicator · Pine Script v6 · Own pane
Index Member Distribution
Calculates and plots a weighted histogram of constituent returns for major market indices (NDX, SPX, DJIA, and RUT) in a separate pane.
GitHub stars218on the repository
Pine versionv6current
Lines of code389
Settings11inputs
LicenceNone stated
Last update3 months ago23 Jul 2026
Add It to Your TradingView Chart
- 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
Each histogram bin reflects the summed weights of members within that percentage return bracket. The script renders vertical reference lines for the overall index return, constituent weighted mean, and average gainers or decliners, while labeling top individual members and displaying a stats table. Settings allow customization of the index, member count, return window, and histogram boundaries. Constituent weights are hardcoded.
- Weighted constituent return histogram
- Predefined baskets for NDX, SPX, DJIA, and RUT
- Configurable return windows for daily, session, or multi-day lookbacks
- Reference lines for index return, weighted mean, and gainers or decliners
- Summary statistics table and individual member labels
Details
Published by
TradersPost on GitHub
Type
Indicator, Pine Script v6
Draws
Separate pane below the chart
Category
Screeners & dashboards
Markets
Indices, Stocks
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
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 |
| X-axis Min (%) | float | -5.0 | xMin |
| X-axis Max (%) | float | 5.0 | xMax |
| Bin Width (%) | float | 0.5 | binWidth |
| Show Reference Lines | bool | true | showVerticals |
| Show Member Labels | bool | true | showLabels |
| # of Members to Label (by weight) | int | 8 | labelTopN |
| Show Stats Table | bool | true | showStats |
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.
Similar Pine Scripts
This indicator scans a pasted list of symbols for RSI directional momentum and shows matching long and short signals in a table in a separate pane. The user chooses continuous break, continuous retracement, flip break, flip retracement, divergence, or hidden d
This indicator builds a TradingView table in a separate pane and fills its cells with fixed placeholder text according to whether each row and column index is even or odd. Users set the table position, the number of rows and columns, and the background, frame,
Donald SPX - Options Trading is an indicator designed to assist SPX index option traders by tracking session benchmarks and multi-timeframe moving average data. It calculates a 200-period weighted moving average (WMA) and requests multi-timeframe bar data from
KamaFama is an indicator that translates a Freqtrade trading strategy into Pine Script for visualization. It combines Kaufman Adaptive Moving Average (KAMA), MAMA/FAMA calculations derived via Hilbert Transform, Williams %R, and correlation trend filters to ev
Calculates normalized reversal metrics across up to ten Forex currency pairs using user-selected moving average methods, including HarmonicMA, EMA, SMA, or WMA. The indicator identifies overbought, oversold, and mean-crossing conditions using a configurable th
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers