OPEN-SOURCE SCRIPT
Intraday Super Sectors v2.0
Updated
This indicator plots the two 'Super Sectors' (Cyclical and Defensive) showing intraday change from open
.
For reference:
Defensive Sectors:
XLE Energy (not always considered a true defensive sector, but I've thrown it in here for balance)
XLP Consumer Staples
XLU Utilities
XLV Health Care
Cyclical Sectors:
XLB Materials
XLC Communication Services
XLF Financials
XLI Industrials
XLK Information Technology
XLRE Real Estate
XLY Consumer Discretionary
Sector data retrieved from finance.yahoo.com/quote/SPY/holdings/ on May 1, 2022
You're welcome to update the sector weightings from time to time. Don't worry about making it exactly 100% - the script automatically compensates and dynamically adjusts.
.
Outside of the cash session, you won't see anything (lines, clouds, %change etc.) which is perfectly normal. If you want to check to see if it really works, the 'replay' function might help!
.
.
.
* originally motivated by Cody to finish what I'd started, and feedback from TT and MDSS groups to 'always do better' (thanks guys!)
.
For reference:
Defensive Sectors:
XLE Energy (not always considered a true defensive sector, but I've thrown it in here for balance)
XLP Consumer Staples
XLU Utilities
XLV Health Care
Cyclical Sectors:
XLB Materials
XLC Communication Services
XLF Financials
XLI Industrials
XLK Information Technology
XLRE Real Estate
XLY Consumer Discretionary
Sector data retrieved from finance.yahoo.com/quote/SPY/holdings/ on May 1, 2022
You're welcome to update the sector weightings from time to time. Don't worry about making it exactly 100% - the script automatically compensates and dynamically adjusts.
.
Outside of the cash session, you won't see anything (lines, clouds, %change etc.) which is perfectly normal. If you want to check to see if it really works, the 'replay' function might help!
.
.
.
* originally motivated by Cody to finish what I'd started, and feedback from TT and MDSS groups to 'always do better' (thanks guys!)
Release Notes
Added option to turn off numerical display of all the individual sectors - helpful if you're using this on a phone!Release Notes
Minor update (bugfix?) to allow script to work if SPY is selected (either RTH or Extended)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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