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Thanks. That was useful <span
class=SpellE>Dusant. For making an index weighted by market cap I
suppose one can extend this further by multiplying the close of each share with
the number of outstanding shares and then divide by the sum of weights. <span
class=SpellE>Pls correct me if I am wrong.
(security("c:\Data Directory\<span
class=SpellE>xyz",c*os1) +<font size=2
face="Courier New">
security(<font
face="Courier New">"c:\Data Directory\xyx",c*os2)
+
security(<font
face="Courier New">"c:\Data Directory\xxz",c*os2)
+
security(<font
face="Courier New">"c:\Data Directory\yyz",c*os4)
)/os1+os2+os3+os4
<span
>
Since number of outstanding shares do not
change often, IS there some way to maintain them as a database that can be
referenced by the formulae? Can you suggest a way to code this? <span
class=GramE>TRENDS, the EOD charting package from Reliable Sw,
has an excellent module for building indices.
Regards,<font
color=navy>
Vignesh Eswar<font
color=navy>
Trade Well. Trade Wise.
<span
>-----Original Message-----
From: hormuz maloo
[mailto:hormuzmaloo@xxxxxxxxx]
Sent<span
>: 19 July 2004 11:08
To: equismetastock@xxxxxxxxxxxxxxx
Subject: [EquisMetaStock Group] <span
class=GramE>Re : composite securities
<span
>
<span
>
Thanks for the tip, Dusant.
Seems like just what I was looking for.
Incidentally, could not find any reference to the
security() function in the metastock manual. Are
there
some more functions like this which are not listed
in
the manual and is there some place where can I
find a
list of them.
Regards,
Hormuz
PS: Larry, thanks for the tip on HOLDRS, but I am
based in India. Am sure it will help when I
graduate
to trading stocks in the US.
-----------------------------------
Lionel,
I used the word "composite" loosely, and
not as a word
out of the
Metastock classification.
It is true that you can create an indicator using
the
security()
function.
Let us say you want to create an index of the
pharmaceutical companies.
Choose 4 of the top traded pharma stocks and
add/average their closes
in this manner.
(security("c:\Data Directory\xyz",c) +
security("c:\Data Directory\xyx",c) +
security("c:\Data Directory\xxz",c) +
security("c:\Data Directory\yyz",c) )/4
That is what I meant by a composite.
Dusant
Chief Architect
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