Is there any way to consolidate several different indices into one price chart and price bars? For example, consolidate SPY, DAX, and QQQ into 1 price

[DocKen]

Looking to combine several different stock or indices prices into one average price chart candle. Is that possible?

 

[slashgw]

Sure, it's possible. Are you going to "weight" them all the same? Or will some instruments be weighted heavier/more important than others? Depending on your goal (for example based on a particular sector), maybe there is already an existing instrument/symbol that will serve your purpose. I'd be interested to understand more, how you plan to use the information. Trading decisions, alerts, tracking a portfolio?

 

[DocKen]

I was actually thinking of trying to do a combo average price chart for largest 5 or 10 SPY stocks to determine if it could be a leading indicator for SPY or SPX to spot trend reversals in intraday trading. Weighting is probably not all that important?

 

[slashgw]

I was actually thinking of trying to do a combo average price chart for largest 5 or 10 SPY stocks to determine if it could be a leading indicator for SPY or SPX to spot trend reversals in intraday trading. Weighting is probably not all that important?

Since you are wanting to combine multiple symbols, I'm not sure how much difference plotting the cumulative vs average would be, but something you could look at is, instead of typing "/ES" for example into the symbol box for the chart, you can also type "0.25*/ES+0.25*/YM+0.25*/NQ+0.25*/RTY" (without the quotes). The 0.25 is because of being 4 different ones. If you were adding a fifth, then you would use 0.20. Kinda crazy, I know, but there is some weird stuff you can do with ToS, lol. Maybe give it a try and see if it's something that you want to pursue further.

 

[DocKen]

That is so helpful. I did not know you could do that. I will give it a try.