I always have a question on how to know which sector is performing. I have created this Heatmap comparison to know strength of sector.
I have used and calculation and put it across 5 different index. Color shows bullishness and Gray shows weakness.
You can select or or Both to have calculation. And you can also compare stocks if you want.
Note: Use it for Medium / Long term investment. Can not be use for Intraday.
Happy investing !!
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.