OPEN-SOURCE SCRIPT
Atualizado SPX/SPY Weighted Sector Tape Quality Dashboard
SPY/SPX Weighted Sector Tape Quality Dashboard
- Purpose:
Provides a real-time view of SPY/SPX sector participation using sector ETF movement and approximate S&P 500 sector weights.
- Weighted Sector Impact:
Calculates each sector’s contribution by multiplying the sector’s percent move by its market weight.
- Real-Time Sector Table:
Displays each sector in a TradingView table with sector name, weight, percent move, weighted impact, and quick read.
- Color-Coded Heatmap:
Uses green/red shading to show positive or negative contribution. Brighter colors indicate stronger impact.
- Sortable Sector View:
Allows sorting by SPX weight, absolute contribution, or directional contribution.
- Editable Sector Weights:
Sector weights can be adjusted in settings as S&P 500 sector weights change over time.
- Move Calculation Options:
Supports Today From Open, Bar-to-Bar, and custom Lookback calculations.
- Weighted Positive Participation:
Shows how much of the S&P 500 by sector weight is participating positively.
- Positive Sector Count:
Tracks how many of the 11 major sectors are positive.
- Cyclical vs Defensive Score:
Compares risk-on sectors against defensive sectors to identify market tone.
- Mega-Cap Concentration:
Measures whether the move is being driven mainly by Technology, Communication Services, and Consumer Discretionary.
- VIX Confirmation:
Uses VIX movement as a confirmation or warning signal for tape quality.
- Tape Quality Score:
Combines weighted participation, breadth, cyclicals vs defensives, and VIX behavior into one quick score.
- Tape Classification:
Labels the tape as Broad Risk-On, Narrow Mega-Cap Bid, Defensive Rotation, Fake Breakout Risk, Broad Liquidation, Risk-Off, or Mixed/Chop.
- Compact Mode:
Offers a smaller, faster-read table layout for active trading screens.
- Adjustable Table Size:
Allows changing table text size from Tiny to Huge.
- Moveable Table Location:
Supports nine table positions across the chart: top, middle, bottom, and left, center, or right.
- Top 6 Mode:
Optionally shows only the six highest-ranked sectors to reduce screen clutter.
- Mini Plot:
Optional plot of net weighted sector contribution and tape quality score.
- Best Use Case:
Designed for intraday ES, SPX, and SPY traders who want to quickly see whether price action is broadly supported or narrowly driven.
- Important Note:
This tool estimates sector participation using SPDR sector ETFs and editable S&P 500 sector weights. It is intended as a market internals and participation read, not a buy or sell signal by itself.
- Purpose:
Provides a real-time view of SPY/SPX sector participation using sector ETF movement and approximate S&P 500 sector weights.
- Weighted Sector Impact:
Calculates each sector’s contribution by multiplying the sector’s percent move by its market weight.
- Real-Time Sector Table:
Displays each sector in a TradingView table with sector name, weight, percent move, weighted impact, and quick read.
- Color-Coded Heatmap:
Uses green/red shading to show positive or negative contribution. Brighter colors indicate stronger impact.
- Sortable Sector View:
Allows sorting by SPX weight, absolute contribution, or directional contribution.
- Editable Sector Weights:
Sector weights can be adjusted in settings as S&P 500 sector weights change over time.
- Move Calculation Options:
Supports Today From Open, Bar-to-Bar, and custom Lookback calculations.
- Weighted Positive Participation:
Shows how much of the S&P 500 by sector weight is participating positively.
- Positive Sector Count:
Tracks how many of the 11 major sectors are positive.
- Cyclical vs Defensive Score:
Compares risk-on sectors against defensive sectors to identify market tone.
- Mega-Cap Concentration:
Measures whether the move is being driven mainly by Technology, Communication Services, and Consumer Discretionary.
- VIX Confirmation:
Uses VIX movement as a confirmation or warning signal for tape quality.
- Tape Quality Score:
Combines weighted participation, breadth, cyclicals vs defensives, and VIX behavior into one quick score.
- Tape Classification:
Labels the tape as Broad Risk-On, Narrow Mega-Cap Bid, Defensive Rotation, Fake Breakout Risk, Broad Liquidation, Risk-Off, or Mixed/Chop.
- Compact Mode:
Offers a smaller, faster-read table layout for active trading screens.
- Adjustable Table Size:
Allows changing table text size from Tiny to Huge.
- Moveable Table Location:
Supports nine table positions across the chart: top, middle, bottom, and left, center, or right.
- Top 6 Mode:
Optionally shows only the six highest-ranked sectors to reduce screen clutter.
- Mini Plot:
Optional plot of net weighted sector contribution and tape quality score.
- Best Use Case:
Designed for intraday ES, SPX, and SPY traders who want to quickly see whether price action is broadly supported or narrowly driven.
- Important Note:
This tool estimates sector participation using SPDR sector ETFs and editable S&P 500 sector weights. It is intended as a market internals and participation read, not a buy or sell signal by itself.
Notas de Lançamento
versionedScript de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.