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Hi, hope you could help me in creating my own custom index.
I have 8 stocks that I would like to include in the index, and each
of the stocks have their own weighting in the index;
O= (Open of A * 42) + (Open of B * 60) + (Open of C * 231 ETC...)
H= (High of A * 42) + (High of B * 60) + (High of C * 231 ETC...)
L= (Low of A * 42) + (Low of B * 60) + (Low of C * 231 ETC...)
C= (Close of A * 42) + (Close of B * 60) + (Close of C * 231 ETC...)
V= Volume added together
Is there any smooth way to create this with the weightings?
I have found the following info:
A sample formula could look like this:
Code:
AddToComposite(C,"~myindex", "C");
AddToComposite(H,"~myindex", "H");
AddToComposite(L,"~myindex", "L");
AddToComposite(O,"~myindex", "O");
AddToComposite(V,"~myindex", "V");
You would need to copy this formula into Automatic Analysis window.
Click on Filter - choose appropriate category you want to calculate
index from, then click OK. Now click SCAN. Then choose View->Refresh
All menu. In the ticker tree you will see ~myindex ticker.
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