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 v4 · Own pane
Sector AD
A Pine v4 indicator in a separate pane that works as a sector advance-decline count.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code84
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update3 years ago19 Mar 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
84 lines of Pine Script v4 from TradingView_old/2022/tykhe/sectorAD.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
//@version=4
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © Tykhe_Ideas
study("Sector AD")
xlb = security("XLB", timeframe.period, close)
xlc = security("XLC", timeframe.period, close)
xle = security("XLE", timeframe.period, close)
xlf = security("XLF", timeframe.period, close)
xli = security("XLI", timeframe.period, close)
xlk = security("XLK", timeframe.period, close)
xlp = security("XLP", timeframe.period, close)
xlre = security("XLRE", timeframe.period, close)
xlu = security("XLU", timeframe.period, close)
xlv = security("XLV", timeframe.period, close)
xly = security("XLY", timeframe.period, close)
positive = 0.0
negative = 0.0
if (xlb > xlb[1])
positive := positive + 1
else
negative := negative + 1
if (xlc > xlc[1])
positive := positive + 1
else
negative := negative + 1
if (xle > xle[1])
positive := positive + 1
else
negative := negative + 1
if (xlf > xlf[1])
positive := positive + 1
else
negative := negative + 1
if (xli > xli[1])
positive := positive + 1
else
negative := negative + 1
if (xlk > xlk[1])
positive := positive + 1
else
negative := negative + 1
if (xlp > xlp[1])
positive := positive + 1
else
negative := negative + 1
if (xlre > xlre[1])
positive := positive + 1
else
negative := negative + 1
if (xlu > xlu[1])
positive := positive + 1
else
negative := negative + 1
if (xlv > xlv[1])
positive := positive + 1
else
negative := negative + 1
if (xly > xly[1])
positive := positive + 1
else
negative := negative + 1
AD = positive / negative
s = sma(AD, 20)
plot(s)
hline(0)
plot( sma(s, 20) )
plot( sma(s,50) )
Overview
Sector AD pulls closing prices for eleven US sector ETFs (materials, communications, energy, financials, industrials, technology, staples, real estate, utilities, health care and discretionary) and counts how many closed higher than the previous bar and how many did not. It has no input settings and depends on those symbols being available.
- Eleven US sector ETFs
- Counts of advancing and declining sectors
- No input settings
Details
Published by
nvFede on GitHub
Code credit
Tykhe_Ideas, as written in the script's header
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
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.
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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