In the case of the US Dollar Index, the formula is as follows: The next page of the wizard is used to define the formula for creating the index. The Minimum Tick field is used to round the prices that are generated by the index (default is 0.01). Optionally enter a title and description. On the first page of the wizard, choose a symbol for the instrument (must be unique) and select IndexĪs the type. This will open the Custom Instrument Wizard. Start by choosing File -> New -> Custom Instrument from the Console menu bar. The example below illustrates the creation of US Dollar Index using a custom instrument. This can be useful to monitor your own stock portfolio. Index - Combine the prices of two or more instruments to create your own basket.Ratios - Displays the ratio between two instruments by dividing the price of one instrument by the other.Spreads - Displays the difference (spread) between two instruments. Use custom instruments in MotiveWave to combine the historical and real-time prices of 2 or more instruments to create:
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