Who's Leading?

Indicator plots percent change of close price for current symbol and a comparative symbol.
You can also plot SMA instead of closing price to add smoothness to the trend.

Objective: Analyze if the stock leads the index or is lead by the index.

Hope this is helpful


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.


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.

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