Re: Looking for a 'Beta' indicator

[Lee Goldberg <best-revenge@xxxxxxx>]

Try this:
(for TS8)

Inputs: Ind(C data1), Dep(C data2), Len(14), Type(1) ;

Value1 = (Covar(Ind,Dep,Len)/VariancePS(Dep,Len,Type))*(Len/(Len-1));

Plot1(Value1 ,"Beta");

I forgot if Type 1 means sample or population.
If it's sample you need the  { *(Len/(Len-1)) } part.
If it's population I think you can omit { *(Len/(Len-1)) }
The 2000i Variance function may not have the P or S option anyway.

Hope that helps,
Lee


At 06:22 PM 10/25/2005 -0700, indextrader wrote:
> Does anyone have a 'beta' indicator?
> ts2000i comes with a 'correlation' indicator where 1 security can be
> compared with another on a chart and a correlation number is then charted.
> I'm looking for a similar formula, but one which charts the 'beta' of 1
> security compared to another.
>
> Thanks!