Most people here certainly also run something like a long-term stocks/ETF portfolio. Since I really appreciate the WL features and possibilities, what about building a portfolio tracker directly into the software or as an additional extension?
The goal would be that you get all or most of the back-testing metrics for your own long-term stocks/ETF portfolio. In addition a chart based index should be built and an equity-curve can be used.
My background idea is to trigger actions such as take profit or hedging, all based on the Index and/or the equity curve.
The goal would be that you get all or most of the back-testing metrics for your own long-term stocks/ETF portfolio. In addition a chart based index should be built and an equity-curve can be used.
My background idea is to trigger actions such as take profit or hedging, all based on the Index and/or the equity curve.
Rename
Looks like there's a connection to another request of the same kind:
https://www.wealth-lab.com/Discussion/Strategy-P-L-of-live-trading-8230
What is the "chart based index", can you elaborate?
https://www.wealth-lab.com/Discussion/Strategy-P-L-of-live-trading-8230
What is the "chart based index", can you elaborate?
Hmmm... the request you mentioned does not reflect my idea, this is something completely different.
Chart based Index:
This is an index such as the Nasdaq 100, where a universe of stocks is represented as an index.
The prerequisite would be that there's an input interface where one can enter all transactions such as date, number of shares, price, currency etc.. Dividends are not so important but splits should be taken into account.
Chart based Index:
This is an index such as the Nasdaq 100, where a universe of stocks is represented as an index.
The prerequisite would be that there's an input interface where one can enter all transactions such as date, number of shares, price, currency etc.. Dividends are not so important but splits should be taken into account.
Now to me it looks like what you're asking for has already been implemented.
So what would be the difference from the CompIndex of Index-Lab? To remind, it creates an index of a custom DataSet averaging the close price (split-adjusted).
https://www.wealth-lab.com/extension/detail/IndexLab
And here, how's it different from the "Trade History" Strategy? You can already import all of the above to analyze with installed visualizers.
QUOTE:
This is an index such as the Nasdaq 100, where a universe of stocks is represented as an index.
So what would be the difference from the CompIndex of Index-Lab? To remind, it creates an index of a custom DataSet averaging the close price (split-adjusted).
https://www.wealth-lab.com/extension/detail/IndexLab
QUOTE:
The prerequisite would be that there's an input interface where one can enter all transactions such as date, number of shares, price, currency etc.
And here, how's it different from the "Trade History" Strategy? You can already import all of the above to analyze with installed visualizers.
QUOTE:
So what would be the difference from the CompIndex of Index-Lab? To remind, it creates an index of a custom DataSet averaging the close price (split-adjusted).
Haven't used the IndexLab Extension but at a first glance, it could be a solution to build this Index.
QUOTE:
And here, how's it different from the "Trade History" Strategy? You can already import all of the above to analyze with installed visualizers.
Didn't know the Trading History feature, must be pretty new (or a few months old). It looks like this could be a starting point.
Thanks for the hint!
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