JSEINDEX Strength — Indicator by ALSITRADER

J200
JSE:J210
JSE:J211
JSE:J212

This script shows all three major indecies on JSE and compare their strength.

RED = TOP 40
BLUE = RESI 10
YELLOW = INDI 25
GREEN = FIN 15

Current state of the indicator points that strongest index is FIN15 weakest is RESI10 and that INDI25 is closely following TOP40

Idea is to be short weakest index or member of the index currently RESI10

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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