OPEN-SOURCE SCRIPT
JSEINDEX Strength
J200$JSE:J210
$JSE:J211
$JSE:J212
This script shows all three major indecies on JSE and compare their strength.
RED = TOP 40
BLUE = RESI 10
YELLOW = INDI 25
GREEN = FIN 15
Current state of the indicator points that strongest index is FIN15 weakest is RESI10 and that INDI25 is closely following TOP40
Idea is to be short weakest index or member of the index currently RESI10
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.