Custom Indices/baskets

Custom Indices/baskets is the definitive clean builder for a custom index or basket: up to ten constituents aggregated into one synthetic series. Rebased Prices lets weights drift like a buy-and-hold portfolio; Compounded Returns re-applies the weights every bar like a continuously rebalanced basket, with equal, manual or liquidity weighting and optional currency conversion.

How to Trade the Custom Indices/baskets?

• Symbol against basket: the comparison line treats the chart symbol exactly like the basket; crossings fire leading and lagging alerts.
• Constituent spread: the member lines show whether a move is basket-wide or one ticker's story.
• Level crosses: the alert level watches the synthetic scale; execution happens leg by leg at real quotes.

Custom Indices/baskets Settings

• Construction (default Rebased Prices): rebased weighted average, or compounded weighted returns.
• Base Value (default 100): the level every series is rebased to.
• Weighting (default Manual): Equal, per-symbol weights, or Liquidity by traded value.
• Liquidity Length (default 50): lookback for the traded-value average.
• Basket Timeframe (default chart): sampling timeframe; daily closes tame mismatched sessions.
• Currency Conversion (default None): converts every leg to one currency first.
• Rebase Start (default First Available Bar) and Custom Start Date (default 01 Jan 2024): where each series begins.
• Symbol 1 through Symbol 10, each with a weight (default 1): the constituents; empty slots are skipped.
• Chart Symbol Comparison (default on): overlays the chart symbol, processed identically.
• Alert Level (default 100, hidden by default): the cross-alert level.
• Show Dashboard (default on): per-constituent weight, level and status.
• Style inputs cover the line colors, constituent lines and the base gradient fill.

Frequently Asked Questions

When is a basket better than a ratio or spread chart?

Which construction should I pick?

Why does the dashboard flag a constituent as Stale?