This script displays relative data changes occurring in the adjustable period and/or adaptive automatic period in US Major Indices. It was inspired by the data terminals used by commercial traders.
Period selection can be adjusted in the menu. This script uses the adaptive period algorithm used by Autonomous LSTM and Relativity scripts. Or you can set the period manually from the menu. For more information about adaptive period this script uses:
This script works only for 1 day (1D) and 1 week (1W) time frames. The most efficient time frame is 1 week (1W) because of different time-zones .
Features
Value changes on a percentage basis (%)
Recently, due to increasing interest, the NQNACE index has been added.
Index descriptions are printed on the information panel.
Sentiment NYSE ARCA and AMEX indices added.
INSTRUMENTS
SP1! : S&P 500 Futures Index
DJI : Dow Jones Industrial Average Index
NDX : Nasdaq 100 Index
RUT : Russell 2000 Index
NYA : NYSE Composite Index
OSX : PHLX Oil Service Sector Index
HGX : PHLX Housing Sector Index
UTY : PHLX Utility Sector Index
SOX : PHLX Semiconductor Sector Index
SPSIBI : S&P Biotechnology Select Industry Index
XNG : NYSE ARCA Natural Gas Index
SPGSCI : S&P Goldman Sachs Commodity Index
XAU : PHLX Gold and Silver Sector Index
SPSIOP : S&P Oil and Gas Exploration and Production Select Industry Index
GDM : NYSE ARCA Gold Miners Index
DRG : NYSE ARCA Pharmaceutical Index
TOB : NYSE ARCA Tobacco Index
DFI : NYSE ARCA Defense Index
NWX : NYSE ARCA Networking Index
XCI : NYSE ARCA Computer Technology
XOI : AMEX Oil Index
XAL : AMEX Airline Index
NQNACE : Nasdaq Yewno North America Cannabis Economy Index
USAGE
The script can be used as an indicator by putting it under the chart as shown above. It is necessary to enlarge to see clearly. Since it is not often looked at,such use is the best method for healthy interpretation.
AMAZING! Love it. Can you grant access. Also, Could I access the actual script as I have some portion that I think might optimize the signal? Obviously, if it works Ill share it.