Zeta Sector Scanner

13 mar 2021

People say trend is friend till it bends.

A proven strategy to get better than broader index returns is to find out what are the best performing sectors in rising market and
what are the worst performing sectors in falling market.

Then buy top stocks of Best Performing Sector (in rising market) or short sell worst performing stocks in falling market.


This strategy, known as 'top-down investment strategy' determines the overall health of the economy of a country first (by evaluating the broader index of that country first).

And then it picks up specific sectors where money is entering or exiting.


Zeta Sector Scanner tracks Nifty50, which is broader index for Indian Market and then picks up best or worst performing sector of the day and displays the info in real time on your chart.


Once you know which sector to target on a given time of the day, pick up the stocks of that sector and the probability of trade going in your favor will increase many fold.


With little modifications, this indicator can be adapted to any world market but currently it caters to Indian Market only.

14 mar 2021

Note di rilascio

Updated code to display 10 Sectors.. Nifty & Bank Nifty indices.

14 lug 2021

Note di rilascio

Updated Overall trend style to columns with conditional color coding.

Also tweaked the settings which will now be more reflective of current trend (past 45 minutes at 5 min. time frame).

If you take trades at higher time frames and want to take past 10 days data into account, change the number of bars to 240 for 30 min. time frame by going to indicator settings.

15 lug 2021

Note di rilascio

Changed Plotting Style for the sectors.

16 lug 2021

Note di rilascio

Default look back period changed to suit intraday traders

25 giu

Note di rilascio

What is new in this latest release:

Purpose: This indicator visualizes the 1-day momentum (% change) of various Indian market sectors using a heatmap.

Heatmap: The top two rows of the table display each sector’s name and its daily rate of change (ROC), color-coded for quick sentiment analysis.

Market Outlook: The average ROC across all sectors is shown with a sentiment label like Bullish, Neutral, or Bearish.

Instructional Row: A middle row provides user guidance on how to interact with the indicator.

Dynamic Sector Selection: Users can choose any sector from the indicator’s settings dropdown.

Stock Analysis: Upon selection, the indicator shows the top or bottom 5 stocks from the chosen sector based on 1-day ROC.

Color Coding: Stock performance is visually represented using a color scale for faster decision-making.

Real-Time Update: The table refreshes on every bar, ensuring momentum data is always current.

Compact View: The entire data is shown in a transposed table at the bottom right corner of the chart.

User-Friendly: Designed for traders seeking sector-level and stock-level momentum insights at a glance.

29 giu

Note di rilascio

What is new in this update:

Included 2 more sectors and increased number of stocks per sector.

29 giu

Note di rilascio

Update: We have updated all the listed stocks' symbols to their latest working versions.

30 giu

Note di rilascio

New Update: The Core logic of the scanner has been updated along with latest symbols of various stocks.

6 lug

Note di rilascio

Update:
(1) Sector stocks list updated
(2) Now all FNO stocks will appear in white color, and whichever stock appear in white color, that stock is FNO stock whose Option Chain you can open using Option Scalper indicator.

6 lug

Note di rilascio

Update:

(1) Updated Master FNO Stocks List.
(2) Updated Defense Sector and Services Sector Stocks list.