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--- desktop:custom_strategies [2025/03/27 19:52] – [Quick Start Guide] rob
+++ desktop:custom_strategies [2025/03/27 20:15] (current) – [T4 Custom Strategies Calculations] rob
@@ Line 190: / Line 190: @@
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 ====== T4 Custom Strategies Calculations ======
-Inputs	Description
-Ticks	This is the price of the product as published by the exchange. Note that this value may not match the display price.
-TickValue	This is the cash value of a minimum tick for the product multiplied by the leg multiplier chosen for that leg, i.e. a leg multiplier of 3 with a $10 minimum tick creates a $30 TickValue.
-Numerator	The minimum tick increment in the same terms as the "Ticks" of the product, i.e. a display price of 1170.3 may have a minimum tick of 0.1, but if the Ticks are published by the exchange as 11703, the Numerator will be 1, not 0.1
-Denominator	The value sent from the exchange that divides into Ticks to create a decimal value.
-PriceCode	If applicable, this applies a special conversion to a decimal value to create a more legible display price, i.e. a 10yr Note decimal price of 127.296875 becomes 127095 after applying the appropriate PriceCode.
-DisplayFormat	The decimal precision applied to a display price, i.e. a price of 1258.75 with a DisplayFormat of 0.0 will truncate the last digit, leaving 1258.7 as the display price
-Edit
+^ **Inputs**                      ^ **Description**  ^
-Cash Calculation¶
+|**Ticks**	|This is the price of the product as published by the exchange. Note that this value may not match the display price.|
-Step 1 - Multiply each leg price by its TickValue and Denominator, then divide by its Numerator.
+|**TickValue** |This is the cash value of a minimum tick for the product multiplied by the leg multiplier chosen for that leg, i.e. a leg multiplier of 3 with a $10 minimum tick creates a $30 TickValue.|
-Step 2 - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
+|**Numerator** |The minimum tick increment in the same terms as the "Ticks" of the product, i.e. a display price of 1170.3 may have a minimum tick of 0.1, but if the Ticks are published by the exchange as 11703, the Numerator will be 1, not 0.1 |
-Step 3 - Multiply the value derived in Step 2 by the first leg's Numerator, then divide by the first leg's TickValue and Denominator.
+|**Denominator** |The value sent from the exchange that divides into Ticks to create a decimal value. |
+|**PriceCode** |If applicable, this applies a special conversion to a decimal value to create a more legible display price, i.e. a 10yr Note decimal price of 127.296875 becomes 127095 after applying the appropriate PriceCode.|
+|**DisplayFormat** |The decimal precision applied to a display price, i.e. a price of 1258.75 with a DisplayFormat of 0.0 will truncate the last digit, leaving 1258.7 as the display price. |
-Edit
-Decimal Calculation¶
-Step 1 - Multiply each leg price by its leg multiplier.
-Step 2 - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
-Edit
+__**Cash Calculation**__
-Tick Calculation¶
+  * **Step 1** - Multiply each leg price by its TickValue and Denominator, then divide by its Numerator.
-Step 1 - Multiply each leg price by its leg multiplier and Denominator.
+  * **Step 2** - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
-Step 2 - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
+  * **Step 3** - Multiply the value derived in Step 2 by the first leg's Numerator, then divide by the first leg's TickValue and Denominator.
-Step 3 - Divide the value derived in Step 2 by the first leg's Denominator.
-Edit
-Yield Calculation¶
+__**Decimal Calculation**__
+  * **Step 1** - Multiply each leg price by its leg multiplier.
+  * **Step 2** - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
+__**Tick Calculation**__
+  * **Step 1** - Multiply each leg price by its leg multiplier and Denominator.
+  * **Step 2** - Add all leg values calculated in Step 1, where buy-side legs are positive and sell-side legs are negative.
+  * **Step 3** - Divide the value derived in Step 2 by the first leg's Denominator.
+__**Yield Calculation**__
 The yield calculation is the same as the cash calculation, but the quotes are displayed as yield instead of price. The yield calculation is only available for treasury products.