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Does anyone have a combined Alpha and Beta indicator that is better
than the one I have. Here is the code I already have. I know people
also combine the R squared function for verification. Thanks.
K.S.
Alpha
pds:= Input("Periods",1,100,10);
( Sum( ROC( CLOSE,1,%),pds) -
( Fml( "Beta" ) * Sum( ROC( INDICATOR,1,%),21)))/pds
Beta
pds:= Input("Periods",1,100,10);
(( pds * Sum( ROC( CLOSE,1,%) * ROC( INDICATOR,1,%),pds))-
( Sum( ROC( CLOSE,1,%),pds) * Sum( ROC( INDICATOR,1,%), pds)))
/
(( pds * Sum( Pwr( ROC( INDICATOR,1,%),2),pds)) - Pwr( Sum( ROC(
INDICATOR,1,%),pds),2));
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