Comparison (Malaysia Index & Sector)
This is just a simple tool for convenient to compare and showing a clear image of all sector and index in Malaysia. They are just in one indicator. From this indicator, you can predict momentum of each sector in Malaysia, which is currently in bull or bear trend.
STRUCTURE
In the setting, the first line with the option of the following index (Malaysia Index) :
1. FBMKLCI
2. FTSEMYX:FBMSCAP
3. FTSEMYX:FBMACE
4. FTSEMYX:FBM70
5. FTSEMYX:FBMT100
6. FTSEMYX:FBMFLG
7. FTSEMYX:FBMEMAS
8. FTSEMYX:FA40
9. FTSEMYX:FBMMSCS
10. FTSEMYX:FBMAPMYR
11. FTSEMYX:FBMMSCAP
The rest of lines is all of the following sector (Malaysia Sector):
1. Technology
2. Telecommunication
3. Health
4. Consumer Product
5. Industrial Product
6. Construction
7. Property
8. Plantation
9. Utilities
10. Transportation
11. Energy
12. REIT
13. Finance
The last line (Line 15) is provided for other stock/index which is not available in option to manually fill.
All sector and index price are smoothen by Moving Average (MA). The default moving average is Relative Moving Average (RMA) which is used in Relative Strength Index ( RSI ) Oscillator. But the range is different from RSI , it is from -100 to 100 instead of 0 to 100. In the end, result and interpretation are just the same as RSI . Green area indicates oversold area, while red area is overbought.
Other choice of Moving Averages are available to change.
The problem of putting all together is the script may take longer to process. It is just for convenient use.
Bottom-Up or Top-Down Invest?
STRUCTURE
In the setting, the first line with the option of the following index (Malaysia Index) :
1. FBMKLCI
2. FTSEMYX:FBMSCAP
3. FTSEMYX:FBMACE
4. FTSEMYX:FBM70
5. FTSEMYX:FBMT100
6. FTSEMYX:FBMFLG
7. FTSEMYX:FBMEMAS
8. FTSEMYX:FA40
9. FTSEMYX:FBMMSCS
10. FTSEMYX:FBMAPMYR
11. FTSEMYX:FBMMSCAP
The rest of lines is all of the following sector (Malaysia Sector):
1. Technology
2. Telecommunication
3. Health
4. Consumer Product
5. Industrial Product
6. Construction
7. Property
8. Plantation
9. Utilities
10. Transportation
11. Energy
12. REIT
13. Finance
The last line (Line 15) is provided for other stock/index which is not available in option to manually fill.
All sector and index price are smoothen by Moving Average (MA). The default moving average is Relative Moving Average (RMA) which is used in Relative Strength Index ( RSI ) Oscillator. But the range is different from RSI , it is from -100 to 100 instead of 0 to 100. In the end, result and interpretation are just the same as RSI . Green area indicates oversold area, while red area is overbought.
Other choice of Moving Averages are available to change.
The problem of putting all together is the script may take longer to process. It is just for convenient use.
Bottom-Up or Top-Down Invest?
Versionsinformation:
Updated: 30/01/21
1. Tidy up, make it look nice in setting.
2. Search option input available in line 15.
1. Tidy up, make it look nice in setting.
2. Search option input available in line 15.
Versionsinformation:
Updated: 30/01/21
Versionsinformation:
1. Tidy Up the Setting.
2. Add Multiple-Timeframe (MTF) Option , above photo with MTF turning on.
2. Add Multiple-Timeframe (MTF) Option , above photo with MTF turning on.
Versionsinformation:
Updated: 27/02/2021
Versionsinformation:
Updated: 27/02/2021
Versionsinformation:
Updated: 03/03/21
1. Color changed for Technology Line and Energy Line, make it more visible in dark mode.
2. Found error in Gray Line 15 and solved.
3. Added Overall Economy line in Gray line 15 : Option If
a. Tick is Overall Economy Line
b. Untick is Current Stock
c. Untick and fill in Search Column is Other Stock/Index
Description of Overall Economy Line:
Overall Economy Line is added to tell the Momentum of all Sector Instead of FBMKLCI. The FBMKLCI Composite Index sometimes may not be good indicator for Whole Market Country. Because it only consists of the largest 30 companies listed on the Main Market of the Bursa Malaysia stock exchange, by full market capitalization that meet the eligibility requirements of the FTSE Bursa Malaysia ground rules. Thus, once one or many of the companies in the list drop seriously, will drag down the index which does not mean the whole Stock Market is currently bear.
1. Color changed for Technology Line and Energy Line, make it more visible in dark mode.
2. Found error in Gray Line 15 and solved.
3. Added Overall Economy line in Gray line 15 : Option If
a. Tick is Overall Economy Line
b. Untick is Current Stock
c. Untick and fill in Search Column is Other Stock/Index
Description of Overall Economy Line:
Overall Economy Line is added to tell the Momentum of all Sector Instead of FBMKLCI. The FBMKLCI Composite Index sometimes may not be good indicator for Whole Market Country. Because it only consists of the largest 30 companies listed on the Main Market of the Bursa Malaysia stock exchange, by full market capitalization that meet the eligibility requirements of the FTSE Bursa Malaysia ground rules. Thus, once one or many of the companies in the list drop seriously, will drag down the index which does not mean the whole Stock Market is currently bear.
Versionsinformation:
Updated: 03/03/21
Versionsinformation:
Updated: 12/03/21
1. Added Size Label Option: Size label has been increased, two size option available which is small and tiny, default is small.
1. Added Size Label Option: Size label has been increased, two size option available which is small and tiny, default is small.