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Thanks for the responses
In order to use something I like to know how it is calculated and the
addition to the help on this is great.
--
Cheers
Graham
AB-Write >< Professional AFL Writing Service
Yes, I write AFL code to your requirements
http://e-wire.net.au/~eb_kavan/ab_write.htm
On 3/10/06, Ed Hoopes <reefbreak_sd@xxxxxxxxx> wrote:
> I would like give everyone an intutive feel for what Correlation is
> doing.
>
> *** think of a chart of CLOSE vs TIME that is sloping upward
> *** the progress of the price is noisy - up a little - dn a little
> *** now think of drawing an ellipse around the data points
>
> 1. if the ellipse is long and skinny and sloping upward, Corel is
> close to 1.0
> 2. if the ellipse is more like a circle, corel is close to zero
> 3. if the ellipse is long and skinny and sloping downward corell is
> close to -1.
>
> This is actually how the equation for Corel is derived - by fitting
> an ellipse around the points in the plot.
>
> USAGE:
> I have an exploration using Correl > 0.90. These stocks are under
> consistent accumulation and are buy candidates.
>
>
>
> --- In amibroker@xxxxxxxxxxxxxxx, Graham <kavemanperth@xxx> wrote:
> >
> > Can anyone tell me what Correlation is actually calculating
> > I have read the description in help files but am still confused what
> > it is actually calculated.
> > In what way is it actually comparing the 2 arrays.
> >
> > --
> > Cheers
> > Graham
> > AB-Write >< Professional AFL Writing Service
> > Yes, I write AFL code to your requirements
> > http://e-wire.net.au/~eb_kavan/ab_write.htm
> >
>
>
>
>
>
>
>
> Please note that this group is for discussion between users only.
>
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>
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