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Re: $PREM+$SPX = S&P Futures?



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Ullrich Fischer wrote:

"eSignal wants another $50 a month to add futures to my feed.  Can I fake
the one future I'm really interested in by using the above calculation, or
am I missing something here?  -uf"


    Ullrich, the problem with the spx+prem combination in TS is that it can
not be plotted as a composite symbol. You can combine the two as an
indicator and then plot it as a indicator. Your high-low bars will not plot
exactly as the futures though, because the spx and prem high-low indications
do not happen at the same time as the futures do. I tried to help a new
emini trader once by combining the SPY(not the amex spy it's the BMI symbol
for the cash based sp500 for the futures) with the prem and it was accurate
tick for tick with the merc futures because the SPY index is merc based for
the underlying future contract and it has more ticks calculated in any given
minute than the spx(cboe) does.

        What is needed in T(whateva) is the ability to plot composite
symbols and be able to base your systems,indicators and tmodels on those
composites without having to code them into each of the same.



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