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UGH, you were right, the plot was catching 1 bar of the underlying and
simply looked like it was selecting the index. Thanks so much. Such a
silly error to boot.
--- In equismetastock@xxxxxxxxxxxxxxx, "deepfoobar" <deepfoobar@xxxx>
wrote:
> Definitely avoided that issue. Not sure what it is really. Would much
> appreciate it if someone can duplicate this. I've tried it several
> ways on different stocks/stocks, indices to stocks etc and get 1
> consistently.
>
> That's a good tip though. I have messed up Correlation before by not
> having properly selected both plots before dropping.
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "Dusant@xxxx" <dusant@xxxx>
wrote:
> > You have to take care while plotting it.
> > When dropping the indicator, the index which you have dropped into
> the price plot will change into a pink colour.
> > If the price plot changes colour, that means you are comparing the
> change of the price with itself, so it will be constant, always.
> > Dusant
> > Chief Architect
> > www.candlestrength.com
> >
> > ----- Original Message -----
> > From: "deepfoobar" <deepfoobar@xxxx>
> > To: <equismetastock@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, March 02, 2004 02:41 AM
> > Subject: [EquisMetaStock Group] MS Beta Indicator
> >
> >
> > > Folks,
> > >
> > > This might be old or of little interest, but has anyone had trouble
> > > getting the Beta custom indicator on the MS site to work under MS 8?
> > >
> > > No matter what I do the indicator always returns 1.
> > >
> > > In case anyone doesn't have the code as MS publishes handy, here
> it is:
> > >
> > > ## ---------------------------------
> > >
> > > {This formula calculates Beta which is a measure of volatility
of one
> > > security against another. This is typically used to measure the
> > > volatility of a stock against an index like the S&P 500. A value
> > > greater than one indicates the stock is more volatile than the
index.
> > >
> > > To plot Beta:
> > >
> > > 1. Open a chart of the desired security.
> > > 2. Drag the price plot of the index your are comparing, into the
chart
> > > of the security.
> > > 3. Drag this custom indicator from the QuickList and drop it
onto the
> > > price plot of the index.
> > >
> > > Note, this formula is set to calculate beta over 21 periods. To
> > > change the time periods replace each instance of 21 in the formula
> > > with the desired number of periods.}
> > >
> > > (( 21 * Sum( ROC( CLOSE,1,%) * ROC( INDICATOR,1,%),21))-
> > > ( Sum( ROC( CLOSE,1,%),21) * Sum( ROC( INDICATOR,1,%), 21)))
> > > /
> > > (( 21 * Sum( Pwr( ROC( INDICATOR,1,%),2),21)) -
> > > Pwr( Sum( ROC( INDICATOR,1,%),21),2))
> > >
> > >
> > > ## -------------------------
> > >
> > >
> > >
> > >
> > > Yahoo! Groups Links
> > >
> > >
> > >
> > >
> > >
> > >
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