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[amibroker] Can't get exposure%



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Can't get my head around exposure percentage.

In an old list post Tomasz wrote:
Single bar exposure is:  Value of all currently open positions / Total Equity (where total equity is value of all open positions plus all available funds).

Now this single bar exposure is summed up for all bars and divided by number of bars to get system exposure. Exposure is always in the range of 0..100%.


In ab appendix example in Howard's book he notes:
The exposure - the time a system is in a position..

So does the metric refer to time or equity or both? Can someone help with an example or two? __._,_.___

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