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Registered User
Joined: 9/28/2005
Posts: 54
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I have a system that works better if I incorporate industry data. To do this, I add Industry price history as an indicator to my chart and then add sub-indicators for the elements of my system. My system works well if I make trading decisions near the end of the day based on the price bars up to that point. Industry intraday price data is empty for the current day, so my system signal does not match the actual system I have backtested.
Is there a way to create a signal based on Daily industry price data that incorporates the current day shortly before close?
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Registered User
Joined: 9/28/2005
Posts: 54
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If there was even a way to generate approximate values inside SF, that would be useful.
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Worden Trainer
Joined: 10/7/2004
Posts: 65,138
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I really can't think of a practical way to do so that would incorporate the same square root of capitalization weighting used to calculate the Main Industry and Sub Industry Symbols.
You could get a Plot that would use completely different weighting by creating a Custom Index or Market Indicator. Right-click on Price History and select Create Index (or Market Indicator) | Morningstar Sub Group (or Morningstar Main Group) | Next | Average of all Stocks in WatchList | Next | (adjust as desired) | Finish.
-Bruce
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