OPEN-SOURCE SCRIPT
Performance Comparator
This indicator allows to compare the performance (% change) of a given symbol with the larger market (
SPY) and/or with a custom symbol, which defaults to 
XLK (an ETF tracking technology companies from the S&P 500).
The performance for the current symbol is displayed as a blue histogram, while performance for theSPY and the custom symbol are respectively displayed as orange and white lines, making it easy to spot when the symbol outperformed the market.
Features:
SPY) and/or with a custom symbol, which defaults to XLK (an ETF tracking technology companies from the S&P 500).The performance for the current symbol is displayed as a blue histogram, while performance for the
SPY and the custom symbol are respectively displayed as orange and white lines, making it easy to spot when the symbol outperformed the market.Features:
- Configurable time resolution (default: same as chart)
- Comparison using change percentage or its EMA/WMA/SMA (default: EMA)
- Configurable moving average length
- Optionally hide SPY or the custom symbol from the chart
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
Disclaimer
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