Cartera SuperTrends v4 Public

How it works

The ETF screener calculates the Rate of Change (ROC) for selected ETFs across three different time periods, typically 4, 6, and 8 months. It compares previous and current average ROC values to assess performance trends.

The script allows customization of calculation frequency (monthly, weekly, or daily) and can adjust for dividends. It ranks ETFs based on their ROC performance, with color-coded indicators to quickly visualize positive or negative momentum. The screener can track up to 25 symbols simultaneously

Why it may be useful

This ETF screener provides traders with a comprehensive view of momentum across multiple assets and timeframes. By comparing ROC values, investors can identify which ETFs are experiencing strong performance trends.

The visual representation helps quickly assess market dynamics, enabling faster decision-making. The flexibility to customize calculation periods and include dividend adjustments makes this tool valuable for understanding relative performance and potential investment opportunities

When to explore it

This ETF screener works best during periods of market transition or when seeking to compare performance across different sectors or asset classes. It is particularly useful for swing traders looking to identify emerging trends and potential momentum shifts.

Traders can use this tool during market rotations, sector reallocation periods, or when evaluating broader market sentiment. The adaptable nature of the screener makes it suitable for both short-term tactical asset allocation and longer-term strategic investment analysis

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