IndicesBuilder
V2.1 - Program to design your
custom indices |
| IndicesBuilder
allows you to design custom indices using your
MetaStock files. The index reflects the
average open, high, low, close and volume and
allows you to view a chart of it and run tests
on it in MetaStock. Moreover, the program
creates market breath indicators like
Advance/Decline Ratio, Advance/Decline Spread
etc.
So it is very easy for you
to partition the stock market into sub groups
and track each group movement via the analysis
of each group’s custom made index. There is no
limit on the number of stocks that can be
added to the index. Furthermore, it is also
possible to add stocks to an index that are
located in different directories.
Moreover,
you can collect your stocks into any
number of individual groups for broad
market analysis.
IndicesBuilder
allows you to
calculate and plot breadth indicators on
sectors, industry groups, or other more
focused groupings — not just the market as a
whole.
Imagine having the power to
easily create your own personalized sectors,
industries, ETF stock indexes, or any other
combination of stocks you can dream of.
IndicesBuilder
makes it easy. Just a few mouse clicks and
your stocks are combined just the way you want
them.
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Click image to enlarge |
Save 60 Euro – get one
application for free
- if you buy MLDownloader,
SmartChart and IndicesBuilder! You
get these applications for 119.95 Euro instead
of 179.95 Euro. |
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Designing a Custom Index
To create a new index, click on the
“Index->New” menu. Following dialog will appear:
Enter a name (maximum 45 characters) and an
acronym (maximum 14 characters). Optionally you can add a
description. Finally, select a directory where the price records
of the index should be stored.
Calculation Frame
Average/Weighted Average
Following formula will be used if you select
“Average”:
Start Base
This option allows you to rebase the index.
You can enter any start base you want. Following example
displays the close values where the Start Base option is on
(left column) and the Start Base option is off. (right column)
| Start Base Option On (1000) |
Start Base Option Off
|
01/02/1990, 1000.00
01/03/1990, 968.252
01/04/1990, 1015.87
01/05/1990, 1079.36
01/08/1990, 1055.56
01/09/1990, 1087.29
01/10/1990, 1095.23
01/11/1990, 1119.04
01/12/1990, 1111.11
01/15/1990, 1119.04
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01/02/1990, 7.4209
01/03/1990, 7.1853
01/04/1990, 7.5387
01/05/1990, 8.0098
01/08/1990, 7.8332
01/09/1990, 8.0687
01/10/1990, 8.1276
01/11/1990, 8.3043
01/12/1990, 8.2454
01/15/1990, 8.3043
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Index Components tab
Click on the “Index Components” tab to define
the components of the index.
To add components to the index
click on the “Add securities” button. A dialog will appear where
you can select a MetaStock directory. After you have done that
following dialog will appear:
Tick off the securities you want
to add to the index. Click on the “OK” button to close the
dialog. The selected securities will appear in the “Index
Components” window now.
Calculating the Index
Select the index you want to calculate.
Click on the “Calculate->Recalculate Index”
menu item to calculate all records of the index. Some price data
history goes back much further than others. The index goes back
as far as possible – so if you started in 1990 there might only
be 3 of 15 stocks in the index that go back so far, but then in
1999 10 are available and 2003 all 15. The index goes back as
far as the stock with the longest price data history is and is
as inclusive as possible as stocks have history that comes
available for arithmetic averaging. Use this function if you
want to calculate the index the first time or if the components
of the index have changed. (The old index will be overwritten)
Click on the “Calculate->Calculate Index” menu
item to calculate the new days only. Use this function to update
your index day by day. |
