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Weighted Index for Amibroker (AFL)
kaiji
almost 15 years ago
Amibroker (AFL)

Rating:
5 / 5 (Votes 1)
Tags:
amibroker, exploration

Weighted Index using AddToComposite and Foreign functions.

By Gerard – gerard_kellett [at] optusnet.com.au

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Indicator / Formula

Copy & Paste Friendly
//Select a group of tickers i.e. Apply to/Use Filter/Define - choose a watchlist
//Click on Scan to create your new index
AddToComposite((Close*Volume),  "~GMarketIndx", "I");

AddToComposite(Open*((Close*Volume)/Foreign("~GMarketIndx","I")),"~GMarketIndx", "O");  
AddToComposite(High*((Close*Volume)/Foreign("~GMarketIndx","I")),"~GMarketIndx","H");   
AddToComposite(Low*((Close*Volume)/Foreign("~GMarketIndx","I")),"~GMarketIndx","L");   
AddToComposite(Close*((Close*Volume)/Foreign("~GMarketIndx","I")),"~GMarketIndx", "C"); 
AddToComposite(Volume*((Close*Volume)/Foreign("~GMarketIndx","I")),"~GMarketIndx","V");   
			
Buy = 0; // required by scan mode
	

//To check on some of the values;
//Click on Explore
Filter = Close>0;
AddColumn(Close,"Close",1.3);

AddColumn(Close*Volume,"Close*Volume",1.3);
AddColumn(Foreign("~GMarketIndx", "I"),"I",1.3);
AddColumn(Close*((Close*Volume)/Foreign("~GMarketIndx","I")),"CFinal",1.3);

AddColumn(Volume,"Volume",1.3);
AddColumn(Close*Volume,"Close*Volume",1.3);
AddColumn(Foreign("~GMarketIndx", "I"),"I",1.3);
AddColumn(Volume*((Close*Volume)/Foreign("~GMarketIndx","I")),"VFinal",1.3);

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