NSE Index Sector Rotation Dashboard [JITENDRA]

NSE Index & Sector Rotation Dashboard

To Delivers or Track a complete market structure view in one glance, By Analyzing Factor in All Listed Broad Market & Sectorial Indices

1. Sector Rotation
   
2. Relative Strength
   
3. Breakout Detection
   
4. Leadership Analysis
   
5. Multi-Timeframe Momentum
   

Overview Summary of This Indicator

NSE Index & Sector Rotation Dashboard is a powerful Market Monitoring Tool that tracks Indices, Sectors in one table. It combines sector rotation theory, relative strength analysis, breakout proximity, and multi-timeframe momentum into a single Dashboard.

Designed for index traders, sector rotation traders, and swing traders, this dashboard helps identify leaders, laggards, emerging strength, and breakouts.

Key Features What This Indicator Does

The Dashboard Type option allows you to switch between:
Giving you a complete top-down trading framework:

Market → Sector → Stock

1. Macro Market View → Broad Market Indices
   
2. Sector Rotation View → Sectoral Indices
   

Dashboard Type

1) Broad Market Indices Mode

Purpose: Provides a complete Macro market view across all Major Indices Like NIFTY 50

NIFTY NEXT 50
BANK NIFTY
FINNIFTY
MIDCAP & SMALLCAP
INDIA VIX
CNX500
Total Market Indices
Microcap & Factor Indices

2) Sectoral Indices Mode

Purpose: Provides a Sector Rotation and where Really Market Leader Expecting for Change. It Covers Most of The Major Industry Wise Sector.

Sector Rotation Phase (Stage Analysis)

Automatically classifies each index/sector into rotation phases:

• LEADING → Strong momentum across short & medium term
  
• IMPROVING → Early trend reversal
  
• LAGGING → Distribution phase
  
• BEARISH → Downtrend
  
• NEUTRAL → Sideways market
  

Based on:

• 1 Day momentum
  
• 5 Day momentum
  
• 21 Day momentum
  

Sector Relative Strength vs NIFTY 50 (Configurable Lookback)

Compares every index/sector against NIFTY using a user-defined lookback period.

Shows:

• OUTPER → Outperforming NIFTY
  
• UNDPER → Underperforming NIFTY
  
• NEUTRAL
  

Weekly & Monthly Breakout Proximity (BO/BD)

Early detection of potential breakouts and breakdowns:

• W-BO → Near Weekly Breakout
  
• W-BD → Near Weekly Breakdown
  
• M-BO → Near Monthly Breakout
  
• M-BD → Near Monthly Breakdown
  

Uses smart % distance filters

% Distance from 52-Week High

Instantly identifies leaders vs laggards:

• Near 0% → Strong leadership
  
• Far from highs → Weak sector
  
• Perfect for momentum and trend-following strategies.
  

Multi-Timeframe Performance Tracking

Available in Percentage or Point mode.
Track Price Change momentum across multiple horizons:

• 1D → Daily momentum
  
• 5D → Weekly momentum
  
• 21D → Monthly momentum
  
• 252D → Yearly performance
  

Advanced Sorting & Filtering

Sort by:

• Phase
  
• RS
  
• %52W
  
• 1D / 5D / 21D / 252D
  

Choose ascending or descending order.

Fully Customizable Dashboard

1. Table position (9 placements)
   
2. Table size (Small / Medium / Large)
   
3. Column on/off toggles
   
4. Percentage or Point change mode
   

Setting Description With Image/Screenshot




SORT & Display Type Description with Image/Screenshot





Code Summary How Data Fetched And Calculated
Price Data: For each symbol, one optimized request.security() used.
Minimal security calls
Fast performance
Pine request limits safe

[
  close,                  // Current close
  ta.highest(high,252),   // 52 week high
  close[1],               // 1 day ago
  close[5],               // 5 days ago
  close[21],              // 21 days ago
  close[rsDays],         // RS lookback
  close[252]              // 1 year ago
]

% Distance from 52 Week High

%52W = (close - high52) / high52 * 100

Sector Relative Strength vs NIFTY 50

RS% = (close - close[rsDays]) / close[rsDays] * 100
NIFTY_RS = (niftyClose - niftyClose[rsDays]) / niftyClose[rsDays] * 100
RS_Diff = RS% - NIFTY_RS

Thanks
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