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At 7:18 PM -0400 6/29/00, Laura . wrote:
>can someone help me to code an correlation indicator?
>What I want is an indicator which shows the correlation between price and e.g. RSI.
>If the RSI rises 5 days together with the price the indicator should have an value of +1 which shows the high correlation.
>On the other hand of course a negative correlation is -1.
Attached is the ELA file for a function called "rpbPearson".
It was written by Bob Brickey of Scientific Approaches (& now TradeLab) to calculate the Pearson's correlation coefficient "r" of two data series.
Bob Fulks
Attachment Converted: "f:\eudora\attach\PEARSON.ELA"
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