Weigh FANGMAN stocks as an Index


New member
So, with the tech leaders leading the market and not so decent Breadth, i was thinking of creating an index out of FANGMAN


Now, i could type the above in ToS and overlay SPX on it.

However, i wanted to take each stock price, divide by a constant number and get the ratio factor. Alternately, i could also create a ratio from each individual's marketcap (to total SPX marketcap).

Would anyone please provide a pointer as to what function i could use? would prefer not to do the calculation manually everyday.

Appreciate your help