Description ⋅ Mar 11, 2022 2:03 PM Modification from original code for "High Low Index" by © LonesomeTheBlue https://www.tradingview.com/script/WDAaGDMJ-High-Low-Index/ - Made modification specifically for Top 40 AMEX:SPY holdings - Added Market sentiment histogram (Total count green vs red), and SMA line for it - Added arrows for peaks and dips on High Low Index and Market Sentiment MA Idea behind this indicator is that SPY should follow the overall sentiment of its top holdings. I believe this bring great value to SPY traders. Enjoy~!
Release Notes ⋅ Mar 11, 2022 5:56 PM corrected an offset error on the blue line.
Release Notes ⋅ Mar 11, 2022 7:14 PM fixed another offset error on the Record High Percent line
Release Notes ⋅ Mar 14, 2022 5:20 PM I am such a noob~ can't get an offset right. This should fix the scaling error. Everything should be scaled from -40 to 40.
Release Notes ⋅ Mar 3, 2023 6:38 PM updated SPY Top 40 list old list is left in the code if anyone want to still use them.
Release Notes ⋅ Mar 30, 2023 6:20 PM Updated with option for Top 10, 20, 30 Updated with option to remove exchange from ticker on table
Post a description or video on how you will analyse this indicator so that if i miss anything I can add it in my analysis. Thanks.