if() for custom index

Optuma Forums Optuma Scripting if() for custom index

This topic contains 1 reply, has 2 voices, and was last updated by Darren Darren 5 months ago.

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  • #53001
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    Rhiannon
    • Topics: 4
    • Replies: 4
    • Posts: 8

    After reading your latest blog post on custom indexes it got me thinking if I could calculate some of my excel charts directly in Optuma.

    One of them operates as a lagging indicator that combines a number of factors of price, volume, and time through nested if statements. The idea being that in a chosen group of stocks I can see how many are trending with the chosen indicators.

    A simplified version of my excel formula to sum the total of stocks that have their price sitting above the 20 period moving average each day.

    sum(if(Stock1 Price>20MA,true=1,false=0),if(Stock2 Price>20MA,true=1,false=0)…

    I’m slowly getting my head around Optuma scripting, but before I get too far in three questions:

    • Is it possible to use if() in the custom codes builder?
    • What is the syntax of the if() statement – excel is: if(logical test, value if true, value if false)
    • Is there a tool or feature of Optuma that can do this that I have not found

     

    #53029
    Darren
    Darren
    • Topics: 42
    • Replies: 288
    • Posts: 330

    Hi Rhiannon,

    We have a custom Market Breadth module which will calculate any true/false condition for a universe of stocks (eg CLOSE()>MA(BARS=20) in your example) to create a time series. This is an optional add-on module available here:

    Custom Market Breadth Module

    For more on using the IF() statement see this post:

    Using the IF function to create a ranking value

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