OPEN-SOURCE SCRIPT

My Custom Index

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A small indicator to create custom index (Max 10 constituents)
This tool allows:
  • Define upto 10 instruments for creating custom index
  • Define % contribution for each
  • Activate / Disable constituents by merely tick/untick
  • Choose to skip adding weights per constituent, by selecting "Equi Weights"
  • Display a benchmark index (Selectable)
  • Normalise the plot so that proper inference can be made

This indicator automatically adjusts for the index plot as and when the constituents got listed on the exchange (or when the first data) is available. So there is a possibility of a "jump" in the graph, when a new constituent got listed. Whenever in time a new constituent is included, a "diamond" sign is placed below to indicate the same.

This code is based on the "Make Your Own Index!" by Stefan @Scheplick. Thanks to him.

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