PROTECTED SOURCE SCRIPT
CustomIndex
🛠️ How to Use
Open any chart on TradingView.
Add this indicator from your script library.
Click the ⚙️ settings icon to:
Choose up to 7 custom symbols
Assign a weight to each stock (weights should ideally total 1.00)
Enable Normalization to base the index at 100 for easier comparison
Optional:
Enable EMA 10
Enable EMA 20
📦 Example Setup
Step 1: Choose Your Stocks
Replace the default tickers with those from your target sector.
Step 2: Set Your Weights
Choose one of the following methods:
Market Cap Weighting
Calculate each stock's market capitalization as a percentage of the total.
Example: If stock A = 10,000 and total market cap = 50,000 → weight = 0.2
Liquidity Weighting
Use the average traded value (price × volume over a fixed period) and normalize so weights sum to 1.
Equal Weighting
Assign the same value to each stock (e.g., for 7 stocks: 1 ÷ 7 ≈ 0.1428)
⚠️ Notes & Disclaimer
This index is custom-built. Sector relevance depends on your symbol selection.
Always verify the appropriateness of your inputs.
For consistent results, ensure total weights sum to 1.00.
Open any chart on TradingView.
Add this indicator from your script library.
Click the ⚙️ settings icon to:
Choose up to 7 custom symbols
Assign a weight to each stock (weights should ideally total 1.00)
Enable Normalization to base the index at 100 for easier comparison
Optional:
Enable EMA 10
Enable EMA 20
📦 Example Setup
Step 1: Choose Your Stocks
Replace the default tickers with those from your target sector.
Step 2: Set Your Weights
Choose one of the following methods:
Market Cap Weighting
Calculate each stock's market capitalization as a percentage of the total.
Example: If stock A = 10,000 and total market cap = 50,000 → weight = 0.2
Liquidity Weighting
Use the average traded value (price × volume over a fixed period) and normalize so weights sum to 1.
Equal Weighting
Assign the same value to each stock (e.g., for 7 stocks: 1 ÷ 7 ≈ 0.1428)
⚠️ Notes & Disclaimer
This index is custom-built. Sector relevance depends on your symbol selection.
Always verify the appropriateness of your inputs.
For consistent results, ensure total weights sum to 1.00.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script protegido
Esse script é publicada como código fechado. No entanto, você pode usar ele livremente e sem nenhuma limitação – saiba mais aqui.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.