IndexLab

Create composite indicators based on any DataSet

$49.95 / Lifetime

**OR**included in Premium subscription**Try before you Buy!**Download the Extension for a 14-day free trial before purchasing.

(all Extensions require a Wealth-Lab 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
- CompCrossovers - Number or percent of symbols where a specified Indicator crosses above or below a threshold value
- CompCrossovers2 - Number or percent of symbols whose Indicator (or Price) crosses above or below the second Indicator (or Price) (
*from build 5*) - 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
- CompIndPctStdDev - Percentage of symbols having an indicator value N standard deviations above (below) its norm (
*from build 5*) - CompMarketStrength - Ratio (or percent) of the number of stocks which increased N% divided by the number of stocks which decreased N% (
*from build 5*) - CompMarketThrust - Tushar Chande's Market Thrust Oscillator, a powerful measure of internal strength or weakness.
- 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
- CompNHNLO - High Low New Low Oscillator is 19 period EMA of New Highs minus New Lows minus the 39 period EMA of New Highs minus New Lows (
*from build 5*) - CompHighLowLogic - Fosback's High Low Logic Index can indicate when market appears to be inconsistent (many stocks are reaching new highs and new lows at the same time) (
*from build 5*) - CompSTIX - STIX (Short Term Trading Indicator) is an exponentially smoothed breadth-momentum indicator (
*from build 5*) - CompSDR - Speculative Demand Ratio measures the ratio of money flow into the most volatile stocks versus the least volatile stocks within a given DataSet.(
*from build 5*) - CompTrendExhaustion - Trend Exhaustion Index is 10 period EMA of new highs divided by advancers (
*from build 5*) - CompTRIN - Arms Index (TRIN), Advancers over decliners divided by advancing volume over declining volume
- CompUnchanged - Unchanged Issues Index, unchanged / total issues (
*from build 5*)

# 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

Wealth-Lab 8

**Build 4**- 1/25/2023- Adapted IndexLab to work with changes from recent Builds of WL8.

Wealth-Lab 8

**Build 3**- 11/25/2022- Documentation enhancements.

Wealth-Lab 8

**Build 2**- 7/8/2022- Added
**CompAboveBelow**indicator.

Wealth-Lab 8

**Build 1**- 4/10/2022- Initial WL8 release.

Wealth-Lab 7

**Build 8**- 3/2/2022- Added
**CompositeWeightedIndex**indicator.

Wealth-Lab 7

**Build 6**- 11/12/2021- Fixed BreadthThrust taking wrong parameter, exception in Blocks.
- Fixed CompAdvDecRatio, CompAdvDecSpread, CompArmsIndex, CompMcClellan constructor not honoring changes to CompAdvDecLine.

Wealth-Lab 7

**Build 5**- 10/21/2021- Added
**CompMarketThrust**. - Added Volume choice to
**CompAdvDecLine**and**CompMcClellan**to create "McClellan Volume Oscillator" etc. - Added
**CompIndPctStdDev**- Percentage of symbols trading N Standard Deviations above (below) their indicator. - Added
**CompHighLowLogic**- High Low Logic Index. - Added
**CompNHNLO**- High Low New Low Oscillator (similar to MCO). - Added
**CompCrossovers2**- Indicator1/Indicator2 crossovers. - Added
**CompUnchanged**- Unchanged Issues Index (unchanged / total issues). - Added
**CompTrendExhaustion**Trend Exhaustion Index. - Added
**MarketStrength**Index.

Wealth-Lab 7

**Build 4**- 10/11/2021- Added
**CompMarketThrust**, Tushar Chande's Market Thrust Oscillator, a powerful measure of internal strength or weakness.

Wealth-Lab 7

**Build 3**- 9/29/2021- Indicators marked as lengthy so they don't automatically contribute to Indicator Profiler.

Wealth-Lab 7

**Build 2**- 3/17/2021- Fixed issue causing a freeze when some indicators used in Building Blocks.

Wealth-Lab 7

**Build 1**- 3/9/2021- Baseline release.