This is a trading item or a component that was created using QuantShare by one of our members.
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The Google Investing Index is a measure that tracks google search engine queries related to the market-related keywords such as stock, gold, stock market, etf, exchange traded funds, oil...
This item downloads the Google Investing Index from Google servers and associates the data with the following ticker: ^GOOGLEINDEX
You can of course compare the index with stocks and other indices and see how the index relates to them.
Usually, the index works like the fear Index (Volatility) and spikes when the market is bottoming. The higher the index value the more people are searching for market-related keywords on the Google search engine.
The index inception is January 1, 2004 and its base value for that date is 1. It is calculated and reported as a 7-day moving average.
It is also important to know that the index is calculated based on US search traffic only.
Example of usage:
Detect big spikes in the Google Investing Index:
p = GetSeries('^GOOGLEINDEX', Close);
a = perf(p, 5) > 50;
plot(a, "Google Investing Index Spikes");
Trading financial instruments, including foreign exchange on margin, carries a high level of risk and is not suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in financial instruments or foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading and seek advice from an independent financial advisor if you have any doubts.