OPEN-SOURCE SCRIPT
Updated Stock Cumulative Percent Change
This script shows the cumulative rate of change of the top 7 stocks held in the S&P 500. These stocks are all market leaders and being aware of their performance can help one to stay on the right side of the overall market.
The percent change from bar to bar is calculated. The percent change of all 7 is combined in an average of those pct changes. Finally starting the day at 0, the pct change for each bar is accumulated throughout the day.
The timeframe can be modified in the options, as well as the list of stocks that are considered.
The original idea came from @TicTocTick and was then coded in Pine by @connorwinemil, credit where credit is due. I modified to make it cumulative and allowed intra day time frames.
The percent change from bar to bar is calculated. The percent change of all 7 is combined in an average of those pct changes. Finally starting the day at 0, the pct change for each bar is accumulated throughout the day.
The timeframe can be modified in the options, as well as the list of stocks that are considered.
The original idea came from @TicTocTick and was then coded in Pine by @connorwinemil, credit where credit is due. I modified to make it cumulative and allowed intra day time frames.
Release Notes
Adjusted to allow all timeframes and default to the chart's timeframe.Release Notes
Expose the windows where the change is suppressed. Set values to standard market open and close.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.