// The JSE Wyckoff Wave is in a separate code. This is the code for the of the wave. Please see code for the JSE Wyckoff Wave which goes with this indicator.
// The Wave presents a normalized price for the 10 selected stocks (An Index for the 10 stocks).
// The theory is to select stocks that are widely held, market leaders, actively traded and participate in important market moves.
// This is only my attempt to select 10 stocks and a different selection can be made.
// I am not certain how SMI determine their weightings but what I have done it to equalize the Rand value of the stock volumne so that moves are of equal magnitude.
// The then provides a view of the overall condition of the market and flow in the market.
// I have used the September 2018 price to normalize the stock price for the 10 selected stocks based. The stocks and weightings can be changed periodically depending on the performance and leadership.
// Please, let me know if there is a better work around this.
The stocks and their weightings are: