Let us create a composite indicator that measures the number of stocks that are trading above their 30-bar moving average. Steps: - Select "Tools" then "Composites" - In the new form, click on the "Add" button - Select all or some symbols then click on "Next" - In "Formula" control, type: composite = close > sma(30); - Under the formula control, select: Calculate the sum of the values added to the composite This means that, for a particular bar/date, the value of the "composite" variable (equal to one if close is higher than SMA) is added to the global composite value for each stock. composite = composite_stock_A + composite_stock_AA + composite_stock_AB... - Click on "Next" then select a period and a time frame The calculation is based on your stock data and consequently, it does not make sense to select an intraday period if you don't have intraday quotes data. - Click on "Next", type the composite name (Example: StockAbv30) then click on "Next" to create your new composite index/indicator  Once the calculation is done, double click on a composite item to open the ticker symbol associated with it. Note that each composite item creates a new symbol. The symbol name is equal to "_Composite Item Name". Blog Post: Composite Indicators
|
|
|
|
|
