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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)
 
Trader2016's Avatar
 Trader2016 
New York, New York
 
Experience: Intermediate
Platform: MetaTrader
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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)
 
Trader2016's Avatar
 Trader2016 
New York, New York
 
Experience: Intermediate
Platform: MetaTrader
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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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Trader2016's Avatar
 Trader2016 
New York, New York
 
Experience: Intermediate
Platform: MetaTrader
Trading: ES
Posts: 142 since Feb 2016
Thanks Given: 20
Thanks Received: 42


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)
 skidmark 
Raleigh, NC
 
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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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