This indicator allows to compare the performance (% change) of a given symbol with the larger market (SPY) and/or with a custom symbol, which defaults to XLK (an ETF tracking technology companies from the S&P 500).
The performance for the current symbol is displayed as a blue histogram, while performance for the SPY and the custom symbol are respectively displayed as orange and white lines, making it easy to spot when the symbol outperformed the market.
Features:
Configurable time resolution (default: same as chart)
Comparison using change percentage or its EMA/WMA/SMA (default: EMA)
Configurable moving average length
Optionally hide SPY or the custom symbol from the chart