IndexLab

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

# Index-Lab

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

# Screenshots

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.