Building Synthetic Charts from Synchronized Instruments and Weighted Formulas
Summary
This legacy charting indicator creates a synthetic time series from user-defined formulas applied to multiple selected instruments. It draws each instrument on bars from a chosen timeframe and synchronizes their observations in time, allowing a combined chart to represent a basket or spread. The description gives a currency-basket example in which different instruments contribute in specified lot weights.
An alignment setting can convert measurements into the account deposit currency, helping make components with different quote currencies comparable. The document mentions formula operations and an example using a long bar history on a short chart timeframe, but the supplied text omits the actual operator list and formula details. It therefore explains the purpose and broad workflow rather than a reproducible trading strategy. Users would need the indicator settings and formula specification to assess units, weighting, and behavior when instrument data are missing or asynchronous.
Key ideas
- The indicator plots formulas that combine multiple synchronized instruments into a synthetic series.
- A user-selected timeframe determines the bars used for the chart.
- Instrument weights can represent a basket or spread, including combinations of currency pairs.
- Currency alignment can convert components into the deposit currency for more consistent units.
- The description lacks the formula syntax and does not provide performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.