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OPEN-SOURCE SCRIPT

High Low Index SPY Top 40

By PtGambler
Updated
Modification from original code for "High Low Index" by © LonesomeTheBlue https://www.tradingview.com/script/WDAaGDMJ-High-Low-Index/
- Made modification specifically for Top 40 SPY holdings
- Added Market sentiment histogram (Total count green vs red), and SMA line for it
- Added arrows for peaks and dips on High Low Index and Market Sentiment MA

Idea behind this indicator is that SPY should follow the overall sentiment of its top holdings. I believe this bring great value to SPY traders.

Enjoy~!
Release Notes
corrected an offset error on the blue line.
Release Notes
fixed another offset error on the Record High Percent line
Release Notes
I am such a noob~ can't get an offset right. This should fix the scaling error. Everything should be scaled from -40 to 40.
Release Notes
updated SPY Top 40 list
old list is left in the code if anyone want to still use them.
Release Notes
Updated with option for Top 10, 20, 30
Updated with option to remove exchange from ticker on table
forecastingmarketsentimentMoving AveragessentimentsentimentalanalysisSPDR S&P 500 ETF (SPY)

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.

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PtGambler
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