OPEN-SOURCE SCRIPT

Composite price of multiple tickers (Candlesticks)

yesterday

This indicator uses Z-score normalization to each ticker you put in (in the settings), then puts them all together into a composite with equal weights. Then plots as candlesticks. I've also added possibility to choose two different moving averages of the composite in the settings.

This can be used to quickly put together your own index of any theme that you're interested in. I got the idea because i wanted to see the price action of the AI theme.

Hope you like it :)

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.