A market ranking indicator that analyzes ETF performance across factors and sectors, providing insights into market dynamics and capital flow trends over a 20-day period.
Explore complementary indicator rolesHow it works
This indicator calculates rankings for various ETFs by examining their performance over a 20-day period, assigning ranks from -1 (best performer) downwards. It visually represents the relative strength of different market factors and sectors using a ranking system that allows traders to quickly understand market dynamics.
The ranking methodology provides a clear view of capital flow trends, with lower ranks indicating weaker performance and higher ranks showing stronger market segments. By default, the best-performing factor receives a -1 rank, with subsequent performers ranked -2, -3, and so on, making it easy to interpret market movements at a glance.
Why it may be useful
This indicator is crucial for traders seeking to understand broader market trends and sector rotations. It provides a comprehensive snapshot of market performance, highlighting which factors and sectors are currently leading or lagging, which can inform strategic investment decisions and portfolio allocations.
By revealing the underlying market dynamics, the indicator helps traders identify potential opportunities and risks across different market segments. It serves as a valuable tool for understanding market sentiment, tracking capital flows, and recognizing potential trend changes before they become widely apparent.
When to explore it
The indicator is most effective during normal market conditions when sector and factor trends are more predictable and consistent. It can help traders identify ongoing market trends, particularly during periods of steady market movement or when specific sectors are showing sustained performance.
Traders should pay special attention during market transitions, such as when top rankings begin to change frequently, which might signal potential market turning points. It's particularly useful for sector rotation strategies, building positions after volatile markets, and identifying potential long and short opportunities based on relative market strengths.
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What we’ve verified
Access, alerts and repainting behaviour have not been independently verified for this indicator. Check the creator’s current publication and settings.
General descriptions and classifications are recovered research. Verified details above identify the specific checks we have completed. Check the creator’s current publication for later changes.
