Weighted Advance/Decline

Raymond

New member
Firstly, I do agree that the SPX is the weighted $ADSPD. You can verify this by plotting the ADSPD and SPX on the same chart but on different axis. Nevertheless, here be my attempt.
Code:
#declare upper;
declare once_per_bar;
declare real_size;
declare lower;
HidePricePlot(yes);
input Roundness = 2;
input Indicator = "$ADSPD";

# https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data
def XLK_WT = 26.65;
def XLV_WT = 14.59;
def XLF_WT = 10.98;
def XLY_WT = 10.79;
def XLC_WT = 8.94;
def XLI_WT = 7.93;
def XLP_WT = 6.95;
def XLE_WT = 4.53;
def XLU_WT = 2.94;
def XLRE_WT = 2.77;
def XLB_WT = 2.71;


def aggregationPeriod = AggregationPeriod.DAY; #
plot Metric = close(Indicator);
Metric.SetDefaultColor(CreateColor(255,255,255));

input c = 120; #HINT: Scaling factor
AddLabel(yes, Indicator + " scaling " + c);


def XLKo = open("XLK", period = aggregationPeriod);
def XLKpchg = (close("XLK", period = GetAggregationPeriod()) - XLKo)/XLKo;

def XLVo = open("XLV", period = aggregationPeriod);
def XLVpchg = (close("XLV", period = GetAggregationPeriod()) - XLVo)/XLVo;

def XLYo = open("XLY", period = aggregationPeriod);
def XLYpchg = (close("XLY", period = GetAggregationPeriod()) - XLYo)/XLYo;

def XLFo = open("XLF", period = aggregationPeriod);
def XLFpchg = (close("XLF", period = GetAggregationPeriod()) - XLFo)/XLFo;

def XLCo = open("XLC", period = aggregationPeriod);
def XLCpchg = (close("XLC", period = GetAggregationPeriod()) - XLCo)/XLCo;

def XLIo = open("XLI", period = aggregationPeriod);
def XLIpchg = (close("XLI", period = GetAggregationPeriod()) - XLIo)/XLIo;

def XLPo = open("XLP", period = aggregationPeriod);
def XLPpchg = (close("XLP", period = GetAggregationPeriod()) - XLPo)/XLPo;

def XLEo = open("XLE", period = aggregationPeriod);
def XLEpchg = (close("XLE", period = GetAggregationPeriod()) - XLEo)/XLEo;

def XLUo = open("XLU", period = aggregationPeriod);
def XLUpchg = (close("XLU", period = GetAggregationPeriod()) - XLUo)/XLUo;

def XLBo = open("XLB", period = aggregationPeriod);
def XLBpchg = (close("XLB", period = GetAggregationPeriod()) - XLBo)/XLBo;

def XLREo = open("XLRE", period = aggregationPeriod);
def XLREpchg = (close("XLRE", period = GetAggregationPeriod()) - XLREo)/XLREo;

def SPYo = open("SPY", period = aggregationPeriod);
def SPYchg = (close("SPY", period = GetAggregationPeriod()) - SPYo)/SPYo;

# $ for c in XLK XLV XLY XLF XLC XLI XLP XLE XLU XLB XLRE; do echo "+c * ${c}_WT * sign(${c}pchg)"; done
DefineGlobalColor("MetricUp", CreateColor(128, 0, 64));
DefineGlobalColor("MetricDown", CreateColor(64, 64, 64));

plot Spy = c * SPYchg * 100;
Spy.setLineWeight(2);
Spy.setDefaultColor(Color.Magenta);

plot WeightedMetric =
 c * XLK_WT * XLKpchg
+c * XLV_WT * XLVpchg
+c * XLY_WT * XLYpchg
+c * XLF_WT * XLFpchg
+c * XLC_WT * XLCpchg
+c * XLI_WT * XLIpchg
+c * XLP_WT * XLPpchg
+c * XLE_WT * XLEpchg
+c * XLU_WT * XLUpchg
+c * XLB_WT * XLBpchg
+c * XLRE_WT * XLREpchg;
WeightedMetric.DefineColor("Up", CreateColor(128, 0, 128));
WeightedMetric.DefineColor("Down", CreateColor(64, 64, 128));
WeightedMetric.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);
WeightedMetric.AssignValueColor(if WeightedMetric > WeightedMetric[1] then WeightedMetric.Color("Up") else WeightedMetric.Color("Down"));


plot ZeroLine = 0;
ZeroLine.SetDefaultColor(GetColor(9));
ZeroLine.HideTitle();
ZeroLine.HideBubble();
Code:
 

JoeSD

Member
VIP
Link to the indicator: http://tos.mx/pL7BP15



Code:
# # Sources:
# best with 5 mins timeframe.
# concept from shadowtrader.net
# coded by TWOO
# https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data
# sector-breakdown
# modified by CWPARKER23

declare lower;
input open_time = 930;

DEF displace = 0;
input length = 12;
input xlpwt = 6.8; #ConsumerStaples
input xluwt = 2.9; #Utilities
input xlcwt = 8.6; #Communications
input xlfwt = 11.0; #Financials
input xlbwt = 2.8; #Materials
input xliwt = 8.0; #Industrials
input xlewt = 4.2; #Energy
input xlrewt = 2.9; #RealEstate
input xlvwt = 14.2; #HealthCare
input xlkwt = 27.2; #InformationTechnology
input xlywt = 11.5; #ConsumerDiscretionary

def SectorCount = 11;
def Scale = 5000;

#SP500 ETF sectors percent change
script PC {
    input Symbol = "SPX";
    def isFirstBar = GetTime() == RegularTradingStart(GetYYYYMMDD()) + 1;
    def O = if isFirstBar then close(Symbol) else O[1];
    def C = close(Symbol);
    plot PctChg = (C - O) / O;
}
def xlkPctChg = PC("XLK");
def xlyPctChg = PC("XLY");
def xlvPctChg = PC("XLV");
def xlfPctChg = PC("XLF");
def xlcPctChg = PC("XLC");
def xliPctChg = PC("XLI");
def xlpPctChg = PC("XLP");
def xlrePctChg = PC("XLRE");
def xlePctChg = PC("XLE");
def xlbPctChg = PC("XLB");
def xluPctChg = PC("XLU");


def xlkSizing = xlkPctChg * xlkwt;
def xlvSizing = xlvPctChg * xlvwt;
def xlySizing = xlyPctChg * xlywt;
def xlfSizing = xlfPctChg * xlfwt;
def xlcSizing = xlcPctChg * xlcwt;
def xliSizing = xliPctChg * xliwt;
def xlpSizing = xlpPctChg * xlpwt;
def xleSizing = xlePctChg * xlewt;
def xlreSizing = xlrePctChg * xlrewt;
def xlbSizing = xlbPctChg * xlbwt;
def xluSizing = xluPctChg * xluwt;
def combinedSizing = Scale * (
xlkSizing +
xlvSizing +
xlySizing +
xlfSizing +
xlcSizing +
xliSizing +
xlpSizing +
xleSizing +
xlreSizing +
xlbSizing +
xluSizing
) / SectorCount;

# Weighted_AD
DEF Weighted_AD = if !IsNaN(combinedSizing) then combinedSizing else Double.NaN;
#Weighted_AD.DefineColor("Lower", Color.YELLOW);
#Weighted_AD.DefineColor("Higher", Color.MAGENTA);
#Weighted_AD.AssignValueColor(if Weighted_AD < Weighted_AD[1] then Weighted_AD.Color("Lower") else  Weighted_AD.Color("Higher"));
#Weighted_AD.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

plot LowerBand = Lowest(Weighted_AD[-displace + 1], length);
LowerBand.SetDefaultColor(GetColor(8));

plot UpperBand = Highest(Weighted_AD[-displace + 1], length);
UpperBand.SetDefaultColor(GetColor(1));

PLOT MID = (UPPERBand + LOWErBand)/2;


plot Diff_Weighted_AD = Weighted_AD;

Diff_Weighted_AD.SetDefaultColor(GetColor(5));
Diff_Weighted_AD.SetPaintingStrategy(PaintingStrategy.sQUARED_HISTOGRAM);
Diff_Weighted_AD.SetLineWeight(3);
Diff_Weighted_AD.DefineColor("Positive and Up", Color.GREEN);
Diff_Weighted_AD.DefineColor("Positive and Down", Color.DARK_GREEN);
Diff_Weighted_AD.DefineColor("Negative and Down", Color.RED);
Diff_Weighted_AD.DefineColor("Negative and Up", Color.pink);
Diff_Weighted_AD.AssignValueColor(if Diff_Weighted_AD >= 0 then if Diff_Weighted_AD > Diff_Weighted_AD[1] then Diff_Weighted_AD.color("Positive and Up") else Diff_Weighted_AD.color("Positive and Down") else if Diff_Weighted_AD < Diff_Weighted_AD[1] then Diff_Weighted_AD.color("Negative and Down") else Diff_Weighted_AD.color("Negative and Up"));

#Zeroline
plot zero = 0;
zero.SetDefaultColor(Color.GRAY);
zero.HideBubble();
zero.HideTitle();

# SPX Non_Weighted_AD
def spxcombinedSizing = Scale *
(xlkPctChg +
xlvPctChg +
xlyPctChg +
xlfPctChg +
xlcPctChg +
xliPctChg +
xlpPctChg +
xlePctChg +
xlrePctChg +
xlbPctChg +
xluPctChg);
plot Non_Weighted_AD =  spxcombinedSizing ;
Non_Weighted_AD.SetDefaultColor(Color.WHITE);
Non_Weighted_AD.SetPaintingStrategy(PaintingStrategy.LINE);
DefineGlobalColor("Bullish", Color.cyan);
DefineGlobalColor("Bearish", Color.pink);
AddCloud(Non_Weighted_AD, zero , globalColor("Bullish"), globalColor("Bearish"));
# NDX Non_Weighted_AD
def NDXPctChg = PC("NDX") * 35000;
plot Non_Weighted_NDX = NDXPctChg   ;
Non_Weighted_NDX.SetDefaultColor(Color.CYAN);
Non_Weighted_NDX.SetLineWeight(1);
Non_Weighted_NDX.Hide();
Non_Weighted_NDX.HideBubble();
Non_Weighted_NDX.HideTitle();

def na = double.NaN ;
def isbulldiv = if (weighted_AD - weighted_AD[1] )>0 and (LOW[1] - LOW)>0 then 1 else 0;
def isbeardiv = if (weighted_AD[1] - weighted_AD )>0  and (HIGH - HIGH[1])>0  then 1 else 0;

DEF PositveDivergence = if
       
         isbulldiv > 0 then
        non_Weighted_AD else na;
   
plot PD = if PositveDivergence IS TRUE then non_Weighted_AD else Double.NaN;
PD.SetPaintingStrategy(PaintingStrategy.ARROW_UP);
PD.SetDefaultColor(Color.WHITE);
PD.HideBubble();
PD.HideTitle();

DEF NegativeDivergence = if
       
         isbeardiv > 0 then
        non_Weighted_AD else na;
   
plot ND = if NEGativeDivergence  IS TRUE then non_Weighted_AD else Double.NaN;
ND.SetPaintingStrategy(PaintingStrategy.ARROW_DOWN);
ND.SetDefaultColor(Color.YELLOW);
ND.HideBubble();
ND.HideTitle();





AddVerticalLine(( GetDay() <> GetDay()[1]), "", Color.YeLLOW, Curve.SHORT_DASH);

#SP500 ETF sectors BUBBLE
Script pct {
input Symbol = "SPX";
def aggregationPeriod = AggregationPeriod.DAY;
def price = open(Symbol, period = aggregationPeriod);
def diff = close (Symbol) - open(Symbol, period = aggregationPeriod);
 plot d_pct = 100 * diff / price;
}

def XLK_d_pct = pct(“XLK”)  ;
 def XLV_d_pct = pct(“XLV”)  ;
def XLY_d_pct = pct(“XLY”)  ;
def XLC_d_pct = pct(“XLC”)  ;
 def XLF_d_pct = pct(“XLF”)  ;
 def XLI_d_pct = pct(“XLI”)  ;
 def XLP_d_pct = pct(“XLP”)  ;
 def XLRE_d_pct = pct(“XLRE”)  ;
 def XLB_d_pct = pct(“XLB”)  ;
 def XLU_d_pct = pct(“XLU”)  ;
def XLE_d_pct = pct(“XLE”)  ;

AddLabel(yes, "InfoTech 27.2%: " + XLK_d_pct,  (if xlk_d_pct > 0 then Color.GREEN else if xlk_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Healthcare 14.2%: " + XLV_d_pct, (if xlv_d_pct > 0 then Color.GREEN else if xlv_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "ConsDisc 11.5: " + XLY_d_pct, (if xly_d_pct > 0 then Color.GREEN else if xly_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Comms 8.6%: " + XLC_d_pct, (if xlc_d_pct > 0 then Color.GREEN else if xlc_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Financials 11.0%: " + XLF_d_pct, (if xlf_d_pct > 0 then Color.GREEN else if xlf_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Industrials 8.0%: " + XLI_d_pct,(if xli_d_pct > 0 then Color.GREEN else if xli_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "ConsStaples 6.8%: " + XLP_d_pct, (if xlp_d_pct > 0 then Color.GREEN else if xlp_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "RealEstate 2.9%: " + XLRE_d_pct,(if xlre_d_pct > 0 then Color.GREEN else if xlre_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Materials 2.8%: " + XLB_d_pct, (if xlb_d_pct > 0 then Color.GREEN else if xlb_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Utilities 2.9%: " + XLU_d_pct, (if xlu_d_pct > 0 then Color.GREEN else if xlu_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Energy 4.2%: " + XLE_d_pct,(if xle_d_pct > 0 then Color.GREEN else if xle_d_pct < 0 then color.RED else Color.gray));
Thanks for your work and video explanation on this. Great job.
 

strange

New member
Information Technology
27.1%
Health Care
14.4%
Financials
11.2%
Consumer Discretionary
10.9%
Communication Services
8.8%
Industrials
7.8%
Consumer Staples
6.5%
Energy
4.8%
Utilities
3.0%
Materials
2.8%
Real Estate
2.8%
The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%.

Based on GICS® sectors


As of May 31, 2022
 

JoeSD

Member
VIP
Information Technology
27.1%
Health Care
14.4%
Financials
11.2%
Consumer Discretionary
10.9%
Communication Services
8.8%
Industrials
7.8%
Consumer Staples
6.5%
Energy
4.8%
Utilities
3.0%
Materials
2.8%
Real Estate
2.8%
The weightings for each sector of the index are rounded to the nearest tenth of a percent; therefore, the aggregate weights for the index may not equal 100%.

Based on GICS® sectors


As of May 31, 2022
So, is this changing now that it is a new month? Is it significant enough to change the %'s in the indicator every month or is it "close enough" do you think?

Thanks,


Joe
 

JoeSD

Member
VIP
Thanks for your work and video explanation on this. Great job.
Anyone, is there a version that does NOT post the different sectors on the chart? 2 problems with that 1. Takes up too much room on the screen, and 2. more importantly the indicator seems to take a ton of memory and wondering if that was removed if this would improve...? Thanks.
 

rc76

New member
When Mobius mentioned "adding a weight adjusted by the closing value of AD might be useful", what does he mean?

Does he mean apply a weighted moving average to the closing value of AD (i.e. close(Advance)-close(Decline))?
 

Tradervic

Member
VIP
@pk1729
Code:
# # Sources:
# best with 5 mins timeframe.
# concept from shadowtrader.net
# coded by TWOO
# https://www.spglobal.com/spdji/en/indices/equity/sp-500/#data
# sector-breakdown

declare lower;
input open_time = 930;


input xlpwt = 6.2; #ConsumerStaples
input xluwt = 2.6; #Utilities
input xlcwt = 9.6; #Communications
input xlfwt = 11.5; #Financials
input xlbwt = 2.6; #Materials
input xliwt = 8.0; #Industrials
input xlewt = 3.7; #Energy
input xlrewt = 2.6; #RealEstate
input xlvwt = 13.3; #HealthCare
input xlkwt = 28.1; #InformationTechnology
input xlywt = 11.8; #ConsumerDiscretionary

def SectorCount = 11;
def Scale = 5000;

#SP500 ETF sectors percent change
script PC {
    input Symbol = "SPX";
    def isFirstBar = GetTime() == RegularTradingStart(GetYYYYMMDD()) + 1;
    def O = if isFirstBar then close(Symbol) else O[1];
    def C = close(Symbol);
    plot PctChg = (C - O) / O;
}
def xlkPctChg = PC("XLK");
def xlyPctChg = PC("XLY");
def xlvPctChg = PC("XLV");
def xlfPctChg = PC("XLF");
def xlcPctChg = PC("XLC");
def xliPctChg = PC("XLI");
def xlpPctChg = PC("XLP");
def xlrePctChg = PC("XLRE");
def xlePctChg = PC("XLE");
def xlbPctChg = PC("XLB");
def xluPctChg = PC("XLU");


def xlkSizing = xlkPctChg * xlkwt;
def xlvSizing = xlvPctChg * xlvwt;
def xlySizing = xlyPctChg * xlywt;
def xlfSizing = xlfPctChg * xlfwt;
def xlcSizing = xlcPctChg * xlcwt;
def xliSizing = xliPctChg * xliwt;
def xlpSizing = xlpPctChg * xlpwt;
def xleSizing = xlePctChg * xlewt;
def xlreSizing = xlrePctChg * xlrewt;
def xlbSizing = xlbPctChg * xlbwt;
def xluSizing = xluPctChg * xluwt;
def combinedSizing = Scale * (
xlkSizing +
xlvSizing +
xlySizing +
xlfSizing +
xlcSizing +
xliSizing +
xlpSizing +
xleSizing +
xlreSizing +
xlbSizing +
xluSizing
) / SectorCount;

# Weighted_AD
plot Weighted_AD = if !IsNaN(combinedSizing) then combinedSizing else Double.NaN;
Weighted_AD.DefineColor("Lower", Color.YELLOW);
Weighted_AD.DefineColor("Higher", Color.MAGENTA);
Weighted_AD.AssignValueColor(if Weighted_AD < Weighted_AD[1] then Weighted_AD.Color("Lower") else  Weighted_AD.Color("Higher"));
Weighted_AD.SetPaintingStrategy(PaintingStrategy.HISTOGRAM);

#Zeroline
plot zero = 0;
zero.SetDefaultColor(Color.GRAY);
zero.HideBubble();
zero.HideTitle();

# SPX Non_Weighted_AD
def spxcombinedSizing = Scale *
(xlkPctChg +
xlvPctChg +
xlyPctChg +
xlfPctChg +
xlcPctChg +
xliPctChg +
xlpPctChg +
xlePctChg +
xlrePctChg +
xlbPctChg +
xluPctChg);
plot Non_Weighted_AD =  spxcombinedSizing ;
Non_Weighted_AD.SetDefaultColor(Color.WHITE);
Non_Weighted_AD.SetPaintingStrategy(PaintingStrategy.LINE);

# NDX Non_Weighted_AD
def NDXPctChg = PC("NDX") * 35000;
plot Non_Weighted_NDX = NDXPctChg   ;
Non_Weighted_NDX.SetDefaultColor(Color.CYAN);
Non_Weighted_NDX.SetLineWeight(1);
Non_Weighted_NDX.Hide();
Non_Weighted_NDX.HideBubble();
Non_Weighted_NDX.HideTitle();

AddVerticalLine(( GetDay() <> GetDay()[1]), "", Color.YeLLOW, Curve.SHORT_DASH);

#SP500 ETF sectors BUBBLE
Script pct {
input Symbol = "SPX";
def aggregationPeriod = AggregationPeriod.DAY;
def price = open(Symbol, period = aggregationPeriod);
def diff = close (Symbol) - open(Symbol, period = aggregationPeriod);
 plot d_pct = 100 * diff / price;
}

def XLK_d_pct = pct(“XLK”)  ;
 def XLV_d_pct = pct(“XLV”)  ;
def XLY_d_pct = pct(“XLY”)  ;
def XLC_d_pct = pct(“XLC”)  ;
 def XLF_d_pct = pct(“XLF”)  ;
 def XLI_d_pct = pct(“XLI”)  ;
 def XLP_d_pct = pct(“XLP”)  ;
 def XLRE_d_pct = pct(“XLRE”)  ;
 def XLB_d_pct = pct(“XLB”)  ;
 def XLU_d_pct = pct(“XLU”)  ;
def XLE_d_pct = pct(“XLE”)  ;

AddLabel(yes, "InfoTech 29.2%: " + XLK_d_pct,  (if xlk_d_pct > 0 then Color.GREEN else if xlk_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Healthcare 13.3%: " + XLV_d_pct, (if xlv_d_pct > 0 then Color.GREEN else if xlv_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "ConsDisc 12.5%: " + XLY_d_pct, (if xly_d_pct > 0 then Color.GREEN else if xly_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Comms 10.2%: " + XLC_d_pct, (if xlc_d_pct > 0 then Color.GREEN else if xlc_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Financials 10.7%: " + XLF_d_pct, (if xlf_d_pct > 0 then Color.GREEN else if xlf_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Industrials 7.8%: " + XLI_d_pct,(if xli_d_pct > 0 then Color.GREEN else if xli_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "ConsStaples 5.9%: " + XLP_d_pct, (if xlp_d_pct > 0 then Color.GREEN else if xlp_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "RealEstate 2.8%: " + XLRE_d_pct,(if xlre_d_pct > 0 then Color.GREEN else if xlre_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Materials 2.6%: " + XLB_d_pct, (if xlb_d_pct > 0 then Color.GREEN else if xlb_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Utilities 2.5%: " + XLU_d_pct, (if xlu_d_pct > 0 then Color.GREEN else if xlu_d_pct < 0 then color.RED else Color.gray));

AddLabel(yes, "Energy 2.7%: " + XLE_d_pct,(if xle_d_pct > 0 then Color.GREEN else if xle_d_pct < 0 then color.RED else Color.gray));plot Data = close
Strange, question for you.....first, thanks for tweaking the indicator. For some reason, it doesn't show up on TOS's mobile platform. Do you know why?
 

AltecBX

New member
So let me get this straight, what this does is weights it with all the ETFs?
def xlkPctChg = PC("XLK");
def xlyPctChg = PC("XLY");
def xlvPctChg = PC("XLV");
def xlfPctChg = PC("XLF");
def xlcPctChg = PC("XLC");
def xliPctChg = PC("XLI");
def xlpPctChg = PC("XLP");
def xlrePctChg = PC("XLRE");
def xlePctChg = PC("XLE");
def xlbPctChg = PC("XLB");
def xluPctChg = PC("XLU");

Is this exactly what the Shadow Trader codes weight it to as well?
 

strange

New member
New weightings
Information Technology
26.8%
Health Care
15.1%
Financials
10.8%
Consumer Discretionary
10.5%
Communication Services
8.9%
Industrials
7.8%
Consumer Staples
7.0%
Energy
4.4%
Utilities
3.1%
Real Estate
2.9%
Materials
2.6%
 

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