OPEN-SOURCE SCRIPT

SPX Intraday Mood Indicator

Mis à jour

The SPX Intraday Mood Indicator tries to gauge the intraday market direction of the S&P 500 (SPX) by focusing on internal market data.
Based on the 0DTE Mood Indicator concept. Overall strength/weakness is converted into a directional Mood Percentage which can help with choosing a trade type.
Use at your own risk and discretion. Potential trade ideas offer no guarantees. Intraday Charts Only. Turn off extended hours data. Only works on SPX.
This first version is untested and I am only sharing it to gather feedback on its accuracy, use at your own risk.

Notes de version

Fixed many of the issues in the initial release. I now feel like this is mostly correct. Note that it uses NYSE internal data and not S&P data due to limitations from TradingView. I'm hoping it's a good proxy.

Notes de version

For some reason the previous upload was of a previously saved version by mistake.

Notes de version

Swapped out the Sector Pull for Highly Weighted Pull - Uses a weighted average of the 10 highest market cap stocks in the S&P and calculates the difference between their net change and the net change of the entire index. Heavily weighted stocks tend to control the direction of the index, either extending gains and losses or holding it within the current range.

Notes de version

The heavily weighted pull was not displaying as I had intended in the last script. This new one does - it is the weighted average of the top 10 stocks in the S&P minus the S&P itself. So the % difference you see in the dashboard is apples-to-apples.

Notes de version

Updating to Pine v5, redefining the heavily weighted stocks, and making it simpler for updating heavily weighted stocks in the future.

Notes de version

Updated the weights for the top 10 heavily weighted stocks and pulled them into the input box so the user can update these themselves without having to wait for me to push code with updated weights.

Notes de version

Fixed an error in how the weights were displayed in the input dialog.

Notes de version

Updated top 10 stocks in S&P 500.
Added a cell for VIX in the dashboard to keep an eye on VIX right from within the indicator.

Script open-source

Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.

Vous voulez utiliser ce script sur un graphique ?

millerrh

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