OPEN-SOURCE SCRIPT
Updated IDX Sector Monitor - RRG
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// IDX SECTOR MONITOR - RRG EDITION
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// Track Indonesian stock sectors with Relative Rotation Graph (RRG) analysis.
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// Features:
// • Custom sector indices (equal-weighted)
// • Multi-timeframe performance (1D, 1W, 1M, etc.)
// • RRG status vs IHSG/LQ45 benchmark
//
// RRG Quadrants:
// 💚 Leading - Outperforming, strong momentum (BUY zone)
// 💛 Weakening - Still strong but slowing down (TAKE PROFIT)
// 💙 Improving - Weak but gaining momentum (WATCHLIST)
// ❤️ Lagging - Underperforming, avoid (SELL zone)
//
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Release Notes
to englishRelease Notes
.Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.