Who's Leading? — Indicator by swanidhi

trendanalysis movingaverage lead leadingindicators leading_index

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

Best,
Swan

Swan

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.

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