OPEN-SOURCE SCRIPT
已更新 Sector ETF macro trend

The Sector ETF Macro Trend indicator is designed for technical analysis of broad economic trends through sector-specific exchange-traded funds (ETFs). It uses logarithmic price transformation, linear regression, and volatility analysis to examine sector trends and stability, providing a technical basis for analytical assessment.
Core Analysis Techniques
Adaptability and Insight
Strategic Application
Without providing explicit trading signals, the indicator focuses on trend and volatility analysis for a strategic view on sector investments. It supports:
The Sector ETF Macro Trend indicator serves as a technical tool for analyzing sector-level market trends, offering detailed insights into the dynamics of economic sectors for thorough market analysis.
Core Analysis Techniques
- Logarithmic Transformation and Regression: Converts ETF closing prices logarithmically to reveal sector growth patterns and dynamics. Linear regression on these prices defines the main trend direction, essential for trend analysis.
- Volatility Bands for Market State Assessment: Applies standard deviation on logarithmic prices to create dynamic bands around the trendline, identifying overbought or oversold sector conditions by marking deviations from the central trend.
- Sector-Specific Analysis: Selection among different sector ETFs allows for precise examination of sectors like technology, healthcare, and financials, enabling focused insights into specific market segments.
Adaptability and Insight
- Customizable Parameters: Offers flexibility in modifying regression length and smoothing factors to accommodate various analysis strategies and risk preferences.
- Trend Direction and Momentum: Evaluates the ETF's trajectory against historical data and volatility bands to determine sector trend strength and direction, aiding in the prediction of market shifts.
Strategic Application
Without providing explicit trading signals, the indicator focuses on trend and volatility analysis for a strategic view on sector investments. It supports:
- Identifying macroeconomic trends through ETF performance analysis.
- Informing portfolio decisions with insights into sector momentum and stability.
- Forecasting market movements by analyzing overbought or oversold conditions against the ETF price movement and volatility bands.
The Sector ETF Macro Trend indicator serves as a technical tool for analyzing sector-level market trends, offering detailed insights into the dynamics of economic sectors for thorough market analysis.
版本注释
Improved script logic by optimizing number of request.security.Added normalization, so you can see the price deviation from the average line.
版本注释
Updated chart版本注释
Improved bands logic.Added coloring for overbought/oversold areas.
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Dmytro S.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。
开源脚本
本着TradingView的真正精神,此脚本的创建者将其开源,以便交易者可以查看和验证其功能。向作者致敬!虽然您可以免费使用它,但请记住,重新发布代码必须遵守我们的网站规则。
Dmytro S.
免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。