[EquisMetaStock Group] Need some help understanding this MS Formula code....

["nand_rathi" <nand_rathi@xxxxxxxxx>]

Hello All

Greetings

I bumped into the following code at Equis site. I understand what it
does (No brainer!!), but I am having difficulties understanding the
thought process of determining the divergence (i.e. approach)

Can somebody help me with the underlying thought process or logic? For
ready reference here is the code and the url..

Appreciate your help very much.

regards

N

Correlation between RSI and Close

http://www.equis.com/customer/resources/formulas/formula.aspx?Id=18

and the code is

Correl(((Sum(Cum(1)*(RSI(14)),100))-(Sum(Cum(1),100)*
Sum((RSI(14)),100)/100))/((Sum(Power(Cum(1),2),100))-(Power(Sum(Cum(1),100),2)/100)),
((Sum(Cum(1)*C,100))-(Sum(Cum(1),100)*Sum(C,100)/100))/((Sum(Power(Cum(1),2),100))-
(Power(Sum(Cum(1),100),2)/100)),12,0)


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