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Re: [Metastockusers] Can MS8 build a personal index?



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I asked this question of Equis Support about a year ago. Here was their reply.

Claud

Claud,
 
There is another method that can be used but it is more time consuming and a bit more complicated.  The FAQ below will walk you through how to set up your index using the 8.0.


 
The following instructions are for creating a composite plot for eight different securities, each security with a different weight. We will call the securities A, B, C, D, E, F, G and H.


In the DownLoader create four composites. Assign each component of each composite its appropriate weighting factor. Choose Add as the operation for each composite. For this example the resulting composites are called AB, CD, EF, and GH. Note: both components of a given composite must be in the same directory.

In MetaStock, open up all four composites. Choose Window | Stack to show them all on the screen at one time. Note: make sure that 'Remove Existing Charts' is not selected under File | Open when opening the charts.

Create a custom indicator containing the formula C+P
Click on the CD plot and drag it onto the same chart as the AB composite. Close the CD chart.
Drag the C+P indicator and drop it onto the CD plot. Note: before dropping the indicator, make sure the CD plot turns pink. When you see the scaling menu, choose 'Overlay without scale'.

Drag the resulting plot and drop in into the EF chart. Close the AB chart.
Drag the C+P indicator and drop it onto the new indicator plot in the EF chart. Note: before dropping the indicator, make sure the other indicator plot turns pink. When you see the scaling menu, choose 'Overlay without scale'.

Drag the resulting plot onto the GH chart. Close the EF chart.
Drag the C+P indicator and drop it onto the new indicator plot in the GH chart. Note: before dropping the indicator, make sure the other indicator plot turns pink. When you see the scaling menu, choose 'Overlay without scale'.

The resulting plot is the end result. You can take this plot and drop it into any chart that you would like. MetaStock automatically remembers what components were used to calculate it. It will automatically be updated from the information in all eight securities.


Thanks,
Stephanie Bellon
Equis Support
HYPERLINK "mailto:Support@xxxxxxxxx"Support@xxxxxxxxx
801-265-9998



uncleranga wrote:
Hi everyone.

I've read the Manual about creating composite securities. The problem
being that MS8 (as far as I can see)only allows you to have security A
and security B.

I'm looking at around 300 stocks, and I want to be able to build an
index for them.

I thought some lateral thinking might be required here. I'm out of
ideas.

Any takers?





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