My Custom IndexA small indicator to create custom index (Max 10 constituents)
This tool allows:
Define upto 10 instruments for creating custom index
Define % contribution for each
Activate / Disable constituents by merely tick/untick
Choose to skip adding weights per constituent, by selecting "Equi Weights"
Display a benchmark index (Selectable)
Normalise the plot so that proper inference can be made
This indicator automatically adjusts for the index plot as and when the constituents got listed on the exchange (or when the first data) is available. So there is a possibility of a "jump" in the graph, when a new constituent got listed. Whenever in time a new constituent is included, a "diamond" sign is placed below to indicate the same.
This code is based on the "Make Your Own Index!" by Stefan @Scheplick. Thanks to him.
