S&P Trend [GIF]This trend indicator is based on the S&P Info Tech Stocks that are above the 50-Day (SKFI) and the 200-Day Average(SKTH). I personally like to use SKTH the most.
Why Info Tech Stocks?
The S&P 500 is weighted by the total market value of its constituent companies, so larger companies (like those in Tech) have a greater impact. Information Technology is by far the largest sector, influencing overall index performance significantly. As of early 2026, Information Technology as a whole is approximately 35% of the weighted S&P 500.
How It Works
Select whether you'd like the trend indicator to use SKTH or SKFI and the timeframe you'd like to use. Please keep in mind that SKTH and SKFI update daily and you cannot use a timeframe less than that.
Candle Colors
The candles will paint based on the following criteria:
Yellow = Extreme (both SKTH and SKFI are below 15)
Green = SKTH or SKFI are above 50 (based on selection)
Red = SKTH or SKFI are below 50 (based on selection)
When candles are green the upward trend is in tact. When candles turn red the trend has been lost and caution should be taken. When candles turn yellow we are at extremes and often times a reversal or dead-cat bounce can follow.
IMPORTANT NOTE:
Data for SKTH and SKFI only go back to 2015 in Tradingview. Candles before 2015 will paint red as there is no data.
Indicateur Pine Script®






















