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I'm using TS2000i, the code looks straight forward. I checked
the scaling and it is set for 1 to -1 range. I tried running it against
corn as data1 and data2 and it gives a straight 1 line as expected.
Still don't see why it won't correlate SP and ES.
Rick
Loren Chapman wrote:
> The correlation should be close to 1, surely well above .9. The
> correlation formula in TS4 is incorrect. Are you using that?
>
> At 07:38 AM 2/11/02 -0800, you wrote:
> >Ok, I'm probably missing something obvious but
> >I would appreciate clarification.
> >My understanding of the correlation indicator is
> >that 1 means 100% positive correlation. Why, when I
> >use the symbols for es (e-mini) and sp (s&p 500)
> >with the correlation indicator do I get a line that wanders back and
> >forth above and below zero, shouldn't it be one ?
> >
> >thanks,
> >Rick
> >
> >
> >
> >
> >
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