OPEN-SOURCE SCRIPT
Top Cap ADD%
Updated
This is a very basic oscillator that plots the average % change of the top 5 highest market cap stocks in the S&P500. It can be easily modified to suit your needs on which stocks you'd like to track, and or filter out the threshold you're looking for.
Release Notes
This is a very basic oscillator that plots the average % change of the top 6 highest market cap stocks in the S&P500. It can be easily modified to suit your needs on which stocks you'd like to track, and or filter out the threshold you're looking for.The v2 update includes the following changes:
- Fixed a timeframe oversight, the original script forces you to the daily timeframe, you can now select the timeframe you want, this is brings much more versatility to both short term and long term traders.
- The limits are changed from integers to floats, this fixed oversight allows you to have much more control over the outliers you are looking for.
- I have also added
META to the list as it was certainly an oversight to not include it. - Background is slightly more transparent by default for better visuals.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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Disclaimer
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