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How do a make a single chart average out of multiple instruments?
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How do a make a single chart average out of multiple instruments?

  #1 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

How do a make a single chart average out of multiple instruments?

I need an indicator that combines multiple instruments together whether stocks or futures into one like or one set of price bars and volume bars.

Take for instance the FANG stocks. FB, AMZN, NFLX, GOOGL

If I want to combine all of them to get a read on what that particular group is doing now and then on a tiny little chart box on my main chart board with all of the others just like I would check the price action of /DX, /6E, DTX, /GC and so forth, how would I put that together?

Hey, thanks in advance,

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  #2 (permalink)
Independent News Watchman
New York, New York
 
Futures Experience: Intermediate
Platform: MetaTrader
Favorite Futures: ES
 
Trader2016's Avatar
 
Posts: 141 since Feb 2016
Thanks: 20 given, 40 received

To set a chart up with stocks combined, you'll just need to enter the symbols with a "+" between them:

FB+AMZN+NFLX+GOOGL

If you but this into a symbol box, it will chart the prices together as one price graph.
It will also work with the:

/DX+/6E+DTX+/GC


If you are looking for all 4 separate stocks to show together on one chart, you would add a "Comparison" study on to the chart, with the other stocks referenced.

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  #3 (permalink)
Independent News Watchman
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Futures Experience: Intermediate
Platform: MetaTrader
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Posts: 141 since Feb 2016
Thanks: 20 given, 40 received


So, can anyone here with some expertise put a script on the table we can use? That kind of thing makes the dues for the Elite Membership to the Big Dawg's party worth it for us.

I'll appreciate it.

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  #4 (permalink)
Elite Member
Raleigh, NC
 
Futures Experience: Intermediate
Platform: Tradestation
Favorite Futures: Stocks
 
Posts: 7 since Mar 2013
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"+"

Never knew the "+" feature. Thank you for this information

Regards,
Ralph



Never accept a warm beer from a urologist!

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