Hello, I have used the AddToComposite for various items.
I want to create my own equal weight index. The only issue I see is that if I select a watch list of x number of stocks and of course not all stocks IPO on the same date the index will jump in value when new stocks are Added to the composite as the index builds. I know that for the SP500 and other indexes there is a factor that is applied to keep the index from jumping around when stocks are replaced in the index. Is there a way to code some type of factor to keep the index smoothed over a period of time and not jumping in price when (for example) 100 stocks IPO in Jan of 2000, then the AddToComposite finds another 40 in March of 2000 then the index will spike up adding in these additional 40 stocks. Thanks, Patrick
