Current RSI vs Sector RSI ComparisonIn the example above GOOGL's RSI is being compared against the RSI for XLK, the technology sector fund. The red and green areas make it easy to see if Google is under or overperforming relative to other tech stocks. I've included a normal RSI above it for comparison.
You can compare any stock to a sector, i.e. JP Morgan (JPM) versus the financial sector (XLF), or whatever your heart desires. All major sectors are selectable from a drop-down box and the output can also be visualised as a histogram too, much like a MACD.
Sectors
Sectors Relative Strength Normal DistributionI wrote this indicator as an attempt to see the Relative Strengths of different sectors in the same scale, but there is also other ways to do that.
This indicator plots the normal distribution for the 10 sectors of the SPY for the last X bars of the selected resolution, based on the selected comparative security. It shows which sectors are outperforming and underperforming the SPY (or any other security) relatively to each other by the given deviation.
