Build 2
Create composite indicators based on any DataSet
$49.95 / Lifetime OR included in Premium subscription
* all Extensions require a Wealth-Lab 7 Subscription


The Index-Lab extension lets you create composite breadth indicators and aggregate indicators on any Universe, simply by configuring a Wealth-Lab indicator. Index-Lab does the heavy lifting of synchronizing the data, performing the calculations, and keeping the composite indicator up to date as needed, all behind the scenes. Simply drag and drop a Index-Lab indicator, use it in a Building Block Model, or create one via C# code.

The extension contains the following new indicators. Each indicator can work on any Wealth-Lab DataSet, and most have a lookback period parameter so you can obtain great flexibility in breadth indicator creation.

  • CompAdvDec - Number or percent of advancers, decliners, or unchanged symbols
  • CompAdvDecLine - Advance/Decline Line, cumulative total of advancers minus decliners
  • CompAdvDecRatio - Advance/Decline Ratio, advancers divided by decliners
  • CompAdvDecSpread - Advance/Decline Spread, advancers minus decliners
  • CompBreadthThrust - Moving average of advancers divided by moving average of advancers plus decliners
  • CompInd - Select any Wealth-Lab indicator, returns the average indicator value across the Universe
  • CompInd% - Returns the percentage of symbols for which a selected indicator is above or below a specified value
  • CompMcClellan - McClellan Oscillator, 19 period EMA of advancers minus decliners divided by the 39 period EMA of same
  • CompNewHighLow - Number or percent of symbols that made new highs or lows, specify a lookback or across the entire history
  • CompTRIN - Arms Index (TRIN), Advancers over decliners divided by advancing volume over declining volume


Drag & Drop
Index-Lab is now a collection of indicators. Use them in all the familiar ways in which you already use indicators.
Index-Lab in Building Blocks
Here's where the puzzle comes all together. Define your indices to use as filters in strategies - brilliant!

Change Log

Build 2 - 3/17/2021
  • Fixed issue causing a freeze when some indicators used in Building Blocks.
Build 1 - 3/9/2021
  • Baseline release.