OPEN-SOURCE SCRIPT
Sector Rotation Map [ITA]
See where institutional money is flowing across all 11 S&P sectors at a glance.
This indicator ranks every sector ETF (XLK, XLF, XLE, XLV, XLY, XLP, XLI, XLB, XLU, XLRE, XLC) by Relative Strength vs SPY and its momentum, then classifies each into one of four rotation states:
- Leading (strong + rising)
- Weakening (strong but fading)
- Lagging (weak + falling)
- Improving (weak but recovering)
Instead of flipping through 11 charts every morning, you get the full market rotation picture in one clean table.
Features:
- All 11 S&P sectors ranked automatically
- Relative Strength + Momentum, normalized around 100
- Four-state rotation classification, color-coded
- Configurable benchmark, lookbacks, table position and size
- Toggle any sector on/off
Feedback and suggestions welcome.
This indicator ranks every sector ETF (XLK, XLF, XLE, XLV, XLY, XLP, XLI, XLB, XLU, XLRE, XLC) by Relative Strength vs SPY and its momentum, then classifies each into one of four rotation states:
- Leading (strong + rising)
- Weakening (strong but fading)
- Lagging (weak + falling)
- Improving (weak but recovering)
Instead of flipping through 11 charts every morning, you get the full market rotation picture in one clean table.
Features:
- All 11 S&P sectors ranked automatically
- Relative Strength + Momentum, normalized around 100
- Four-state rotation classification, color-coded
- Configurable benchmark, lookbacks, table position and size
- Toggle any sector on/off
Feedback and suggestions welcome.
Open-source script
In true PulseWire 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.
Pine Script developer & trader. I build clean indicators - Smart Money Concepts, scanners, risk tools. ITAtradingtools.com
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 PulseWire. Read more in the Terms of Use.
Open-source script
In true PulseWire 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.
Pine Script developer & trader. I build clean indicators - Smart Money Concepts, scanners, risk tools. ITAtradingtools.com
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 PulseWire. Read more in the Terms of Use.