Pharma vs Market Monthly Returns (XLV vs SPY)

A Bloomberg-style pharma momentum indicator built for TradingView.

This script recreates the “Pharma Index Monthly Returns” chart highlighted by Jordi Visser in his Youtube video — offering a clean, accessible poor man’s Bloomberg version of sector-rotation analysis for users without institutional data feeds.

Features

• XLV monthly returns (absolute mode)
• XLV vs SPY relative monthly returns (market-neutral mode)
• Top 5 strongest months ★ (momentum spikes)
• Top 5 weakest months ★ (capitulation signals)
• Optional 6-month rolling momentum line (regime trend)
• Full history from 1998 (XLV inception)

Use Cases

Ideal for tracking pharma/healthcare sector regimes, macro rotations, biotech cycles, and timing asymmetric entries in innovation themes (AI-pharma, computational drug discovery, biotech moonshots, etc.).