PROTECTED SOURCE SCRIPT
Updated AM Bursa Sector Index Overview
This indicator summarizes the Bursa Sector index based on Dual EMA (Fast and Slow) including the individual sector's Relative Strength (RS) compared to FBM KLCI major index.
Relative strength is calculated based on the sector index and the reference index, usually the FBM KLCI.
Preferably opened in Daily Time Frame.
The intent of this Indicator is for traders to get a quick performance overview for multiple sectors traded at Bursa Malaysia Exchange that will help them to select which stocks to trade. Trending and strong sectors normally provide opportunities to participate in trending markets.
How to read:
i) The triangle up and triangle down on the left side refer to bullish or bearish Dual EMA Cloud;
ii) +RS with triangle up means positive RS (stronger than FBM KLCI) and the RS is trending up;
iiI) -RS with triangle up means negative RS (weaker than FBM KLCI) and the RS is trending up;
iV) -RS with triangle down means negative/positive RS (doesn't matter) and the RS is trending down.
Enjoy !!!
Relative strength is calculated based on the sector index and the reference index, usually the FBM KLCI.
Preferably opened in Daily Time Frame.
The intent of this Indicator is for traders to get a quick performance overview for multiple sectors traded at Bursa Malaysia Exchange that will help them to select which stocks to trade. Trending and strong sectors normally provide opportunities to participate in trending markets.
How to read:
i) The triangle up and triangle down on the left side refer to bullish or bearish Dual EMA Cloud;
ii) +RS with triangle up means positive RS (stronger than FBM KLCI) and the RS is trending up;
iiI) -RS with triangle up means negative RS (weaker than FBM KLCI) and the RS is trending up;
iV) -RS with triangle down means negative/positive RS (doesn't matter) and the RS is trending down.
Enjoy !!!
Release Notes
Include compact version for Mobile TV apps. User can select to activate mobile desktop mode in the setting panel.Release Notes
Improved Dashboard display to include %Change.Release Notes
Improved sector names.Release Notes
Include others Indexes such as:FTSEMYX:FBMSCAP
FTSEMYX:FBMACE
FTSEMYX:FBM70
FTSEMYX:FBMT100
FTSEMYX:FBMPALMOIL
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
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.