Have you ever have a necessity to create and to watch your own market index, to have your own Dow or S&P Index? Now AmpleSight Trader provides such an opportunity. Choose the stocks and AmpleSight will compute and maintain your Custom Indices. Once you have established a Custom Index, you can chart it and use as a correlation tool for intermarket analysis.

Custom Index is an aggregate of a set of symbols which you select to form the Index. This means that the Index movements depend on the behavior of its component symbols and the method of design. Custom Indices are usually used for the same purposes as global market and exchange indices (for instance, Dow Jones Indices, S&P Indices), i.e. for watching the behavior of macroeconomic objects. Custom Indices in AmpleSight Trader are calculated on the basis of the objects defined by a user. So the basis for Index calculation may be market sectors, industries, as well as groups of stocks selected by a user according to different criteria.

For the Custom Indices calculation a weighted total is used. This method implies that each symbol is assigned its weight which reflects the contribution of the given symbol in comparison with the contribution of other symbols to a Custom Index. The lower is the value, the less significant influence on the Index value will this symbol have.

As AmpleSight is intended to be most easy and prompt trading software, it creates your Custom Indices automatically. You don't need a special set of symbols to create a Custom Index. The software uses the sets of symbols defined in Watch Lists, i.e. Custom Indices are calculated on the basis of Personal WachLists, WatchLists of Industries and Market Sectors. So if you need to create your own Custom Index, first create a new personal WatchList filled with symbols you want to be included in your Custom Index. And don't forget to specify the method of design of the Index, it can be done in a special Tab of the AmpleSight Options window (main menu Tools -> Options)