Sector ID and tendancy

[markallenwilson1016]

Does anyone know of, have, or know if it is even possible to have a script for a watchlist column that would identify what sector the ticker symbol is in and wether that sector is bullish or bearish? Would be a great help in a lot of strategies I am sure.

 

[MerryDay]

Does anyone know of, have, or know if it is even possible to have a script for a watchlist column that would identify what sector the ticker symbol is in and wether that sector is bullish or bearish? Would be a great help in a lot of strategies I am sure.

Yes, you can include sector as a watchlist column:

But no, you cannot indicate whether that sector is bullish or bearish.
The ToS platform was created for individual instrument analysis.
It cannot provide analysis on groups.

The workaround that members utilize is to put this script:
https://usethinkscript.com/threads/sector-rotation-indicator-for-thinkorswim.845/page-2#post-43901
onto a mini-chart.
This study does not indicate whether a sector is bullish or bearish at any given tick in time, but rather at what point the ETF that represents that sector is in its Stoch cycle. Thus making an attempt at predicting if it is in a bullish upcycle and where it is in comparison to the other ETF sectors.