In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
With this script you can select 10 tickers and see the aggregated DIX for them. I have the highest equity ETFs as defaults, but one could easily select FAANGM and a few other mega caps and make a FAANGM DIX index by changing the tickers in the settings. One improvement item that I have not gotten around to doing is to create a dollar weighted version of this, similar to the actual Squeezemetrics SPX DIX. This is "equal weighted" To make a dollar weighted version, multiply each by the daily closing price essentially and THEN find the average. It is possible to do I just have not taken the time to do it. It is on the list of things to do. If anyone has a solution PM me and I will add it. Thanks.
סקריפט קוד פתוח
רוצה להשתמש בסקריפ זה בגרף?