Does wealth lab provide the capability to trade in equity and options based on conditions specified using a dataset of another symbol such as index?
I want to scan symbols in my watchlist based on the condition of the symbol in the watchlist and S&P 500?
For example, Buy TSLA if TSLA is above MA 25 and cross-over happens between MA 25 & 50 of S&P 500 and MA 25&50 of Tech index.
I want to scan symbols in my watchlist based on the condition of the symbol in the watchlist and S&P 500?
For example, Buy TSLA if TSLA is above MA 25 and cross-over happens between MA 25 & 50 of S&P 500 and MA 25&50 of Tech index.
Rename
Yes to all your questions.
You can employ GetHistory (see QuickRef) to sample an external symbol other than the one you're trading against. Now there's an issue of sampling rate. If you just want end-of-day (EOD) prices, you can just sample $SPX (Q-Data) or ^SPX (Yahoo data) for S&P500 info for free. If you want intraday data for the S&P500, then you'll need to buy that for the IQFeed extension, and there's an extra cost (~$9/mo) from the base price (~$95/mo) for exchange index data that's intraday from the data broker (DTN). The data broker has nothing to do with Wealth-Lab.
You should also download the IndexLab extension. It lets you create your own indexes, which you can test against. It also has some preconfigured indexes as well such as the McClellan Oscillator.
You can employ GetHistory (see QuickRef) to sample an external symbol other than the one you're trading against. Now there's an issue of sampling rate. If you just want end-of-day (EOD) prices, you can just sample $SPX (Q-Data) or ^SPX (Yahoo data) for S&P500 info for free. If you want intraday data for the S&P500, then you'll need to buy that for the IQFeed extension, and there's an extra cost (~$9/mo) from the base price (~$95/mo) for exchange index data that's intraday from the data broker (DTN). The data broker has nothing to do with Wealth-Lab.
You should also download the IndexLab extension. It lets you create your own indexes, which you can test against. It also has some preconfigured indexes as well such as the McClellan Oscillator.
And if you're looking for a zero-code solution, here's an example how you can get there using Building Blocks:
https://www.wealth-lab.com/Discussion/How-to-use-external-symbol-7509
https://www.wealth-lab.com/Discussion/Condition-quot-External-Symbol-quot-6099
https://www.wealth-lab.com/Discussion/How-to-use-external-symbol-7509
https://www.wealth-lab.com/Discussion/Condition-quot-External-Symbol-quot-6099
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