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Definitely avoided that issue. Not sure what it is really. Would much
appreciate it if someone can duplicate this. I've tried it several
ways on different stocks/stocks, indices to stocks etc and get 1
consistently.
That's a good tip though. I have messed up Correlation before by not
having properly selected both plots before dropping.
--- In equismetastock@xxxxxxxxxxxxxxx, "Dusant@xxxx" <dusant@xxxx> wrote:
> You have to take care while plotting it.
> When dropping the indicator, the index which you have dropped into
the price plot will change into a pink colour.
> If the price plot changes colour, that means you are comparing the
change of the price with itself, so it will be constant, always.
> Dusant
> Chief Architect
> www.candlestrength.com
>
> ----- Original Message -----
> From: "deepfoobar" <deepfoobar@xxxx>
> To: <equismetastock@xxxxxxxxxxxxxxx>
> Sent: Tuesday, March 02, 2004 02:41 AM
> Subject: [EquisMetaStock Group] MS Beta Indicator
>
>
> > Folks,
> >
> > This might be old or of little interest, but has anyone had trouble
> > getting the Beta custom indicator on the MS site to work under MS 8?
> >
> > No matter what I do the indicator always returns 1.
> >
> > In case anyone doesn't have the code as MS publishes handy, here
it is:
> >
> > ## ---------------------------------
> >
> > {This formula calculates Beta which is a measure of volatility of one
> > security against another. This is typically used to measure the
> > volatility of a stock against an index like the S&P 500. A value
> > greater than one indicates the stock is more volatile than the index.
> >
> > To plot Beta:
> >
> > 1. Open a chart of the desired security.
> > 2. Drag the price plot of the index your are comparing, into the chart
> > of the security.
> > 3. Drag this custom indicator from the QuickList and drop it onto the
> > price plot of the index.
> >
> > Note, this formula is set to calculate beta over 21 periods. To
> > change the time periods replace each instance of 21 in the formula
> > with the desired number of periods.}
> >
> > (( 21 * Sum( ROC( CLOSE,1,%) * ROC( INDICATOR,1,%),21))-
> > ( Sum( ROC( CLOSE,1,%),21) * Sum( ROC( INDICATOR,1,%), 21)))
> > /
> > (( 21 * Sum( Pwr( ROC( INDICATOR,1,%),2),21)) -
> > Pwr( Sum( ROC( INDICATOR,1,%),21),2))
> >
> >
> > ## -------------------------
> >
> >
> >
> >
> > Yahoo! Groups Links
> >
> >
> >
> >
> >
> >
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