Current RSI vs Sector RSI Comparison

In the example above GOOGL's RSI is being compared against the RSI for XLK , the technology sector fund. The red and green areas make it easy to see if Google is under or overperforming relative to other tech stocks. I've included a normal RSI above it for comparison.

You can compare any stock to a sector, i.e. JP Morgan ( JPM ) versus the financial sector ( XLF ), or whatever your heart desires. All major sectors are selectable from a drop-down box and the output can also be visualised as a histogram too, much like a MACD .
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?


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