S&P500 Net Issues - Block 5

Description:
This indicator calculates and plots net advancers minus decliners for 13 predefined blocks of S&P 500 stocks. Each block represents a sector or a selected subset of stocks.

Features:

Shows net issues (advancers – decliners) for each block separately.

13 blocks plotted with distinct colors for easy identification.

Fully compatible with 1-minute, intraday, or higher timeframe charts.

Ideal for identifying sector momentum and market breadth trends.

Can be used standalone or combined with other indicators such as market indices (e.g., S&P 500 futures or TICK).

Usage:

Green/red/blue/orange lines represent different blocks; positive values indicate more advancing stocks than declining, negative values indicate more declining stocks.

Best viewed on intraday charts for short-term market breadth analysis.

Disclaimer:
This indicator is for educational and analytical purposes only. Not a buy/sell signal. Use proper risk management and verify data before trading.