TradingView
PtGambler
11 mar 2022 14:03

High Low Index SPY Top 40 

AMEX:SPY5
SPDR S&P 500 ETF TRUSTArca

Descrizione

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Modification from original code for "High Low Index" by © LonesomeTheBlue https://www.tradingview.com/script/WDAaGDMJ-High-Low-Index/
- Made modification specifically for Top 40 AMEX:SPY holdings
- Added Market sentiment histogram (Total count green vs red), and SMA line for it
- Added arrows for peaks and dips on High Low Index and Market Sentiment MA

Idea behind this indicator is that SPY should follow the overall sentiment of its top holdings. I believe this bring great value to SPY traders.

Enjoy~!

Note di rilascio

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corrected an offset error on the blue line.

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fixed another offset error on the Record High Percent line

Note di rilascio

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I am such a noob~ can't get an offset right. This should fix the scaling error. Everything should be scaled from -40 to 40.

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updated SPY Top 40 list
old list is left in the code if anyone want to still use them.

Note di rilascio

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Updated with option for Top 10, 20, 30
Updated with option to remove exchange from ticker on table
forecastingMoving AveragessentimentSPDR S&P 500 ETF (SPY) sentimentalanalysismarketsentiment
Commenti
Piphunter001
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Best indicator to gauge direction for US index.
Post a description or video on how you will analyse this indicator so that if i miss anything I can add it in my analysis. Thanks.
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