OPEN-SOURCE SCRIPT
Largest Market Cap Performance
Hey guys,
- This Table script imports the 20 largest market caps ticker data and creates a moving average to check if each is above their moving average or not.
- We all know how important these mega gargantuan compies are to the overall market. If they stall everything else stalls too.
- I also added a column to show how far these are above or below their moving averages, to see if things are overextended.
- This script is for the table only, but I also created a ribbon indicator showing at the bottom of the screen. I found this to be quite reliable and have built a strategy that trades these large caps based just on the ribbon.
- I will post that strat at some point in the future
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.