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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.
DusantChief Architect<A
href="">www.candlestrength.com
----- Original Message -----
From: "deepfoobar" <<A
href=""><FONT face=Verdana
size=2>deepfoobar@xxxxxxxxx<FONT face=Verdana
size=2>>
To: <<A
href=""><FONT face=Verdana
size=2>equismetastock@xxxxxxxxxxxxxxx<FONT face=Verdana
size=2>>
Sent: Tuesday, March 02, 2004 02:41
AM
Subject: [EquisMetaStock Group] MS Beta
Indicator
<FONT face=Verdana
size=2>> 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))> > > ##
-------------------------> > > > >
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