This is just a simple tool for convenient to compare and showing a clear image of all sector and index in Malaysia. They are just in one indicator. From this indicator, you can predict momentum of each sector in Malaysia, which is currently in bull or bear trend. STRUCTURE In the setting, the first line with the option of the following index (Malaysia...
Previously I have posted Index Rating Indicator to help gauge the strong and weak index. Now Its the Sectors. This should help you choose sectors / Stocks within sectors, regardless of being a trend trader or contrarian. i.e. Trading with Strength or Against it. Notice, At the time of me posting it. The rally is supported heavily by XLK (TECH) and XLV -...
Highlights which S&P SPDR Sector ETFs are at highs of day (green letter) or lows of day (red letter) The first candle of the day is always all-green because by default the first candle of the day has the high of the day. So this indicator is more meaningful later in the day when sectors are making repeated highs/lows
This is my latest attempt to show price movement differences between symbols. I want to see the buying and selling pressure... is that price movement going with the market or is it moving alone? It's VERY interesting to watch this indicator and see how things play out! In my previous versions the arrows on the chart were too much clutter, while the single row of...
Still Confused, What's Strong and Weak? Here is a simple Indicator for those who needs it. Make Sure to Define the character for the Index, go to setup and modify you like.
This is my variation of the Correlation Coefficient and I call it "Hershey's CoCo". The indicator identifies very specific Stock, Sector and Market pressures on whatever symbol you are evaluating. If interested, follow me and send me requests to evaluate your stock or sector as I refine this tool. *********************************************** Price movement...