Weighted Advance/Decline For ThinkOrSwim

[anycolour]

How often does the weighting change?

 

[Patterntrader5]

How often does the weighting change?

https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data

Quarterly

 

[MagicQuotes]

This one seems to be a great match for ST's. Whether you find it useful or not is up to you, but I believe this is the accurate script (weightings need to be updated)

To @khpro59 Interested in your time frame. Also are you still using the indicator since January ? I find these global weigthed sector indicators are slow for a short term futures or options traders. While cognitively comforting they do not capture the moment by moment real-time internals that are necessary for the quick rotations that are occuring daily- in my experience. Best to all contributors on an interesting thread. This one will go in my "toolbox"

Here is a simple screenshot for the combined /NQ+/ES 5 minute 2 day thinkorswim chart with the code shared by @khpro59 for those that are interested and looking at this thread. This script basically confirms the action in the markets.. fyi, for those interested can concatenate symbols to get a combined price action in any manner you choose: Example for 2 stocks combined action. NVDA+AAPL . I use the combinations to see how much confluence there is real time. Nothing revolutionary here, but certainly it shows capitulation in all the sectors and no rotation into any defensive sector. Could be we are looking a major sea change. Best to all Magicquotes.

 

[IPA]

Does anyone know where an up to date Sector Breakdown for Nasdaq is located?

 

[TMStrong1]

up to date Sector Breakdown for Nasdaq

https://indexes.nasdaqomx.com/index/Breakdown/COMP