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WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
BETA for Amibroker (AFL)
Rating:
2 / 5 (Votes 3)
Tags:
amibroker
Got this from one of my friend but don’t know the author.This would provide the beta details of the stocks. This is a good one. Try it and let me know the results.
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Indicator / Formula
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1 2 3 4 5 6 7 8 9 10 11 12 | function Beta( BaseSymbol, N ){ Chg = ROC( C, 1 ); ChgBase = ROC( Foreign( BaseSymbol, "C" ), 1 ); return ( N * Sum( Chg * ChgBase , N ) - Sum( Chg, N) * Sum( ChgBase, N ) ) / ( N * Sum( ChgBase ^ 2 , N ) - Sum( ChgBase, N ) ^ 2 );}symbol = ParamStr( "Symbol", "^NDX" );Plot( Beta( symbol, Param("Periods", 21, 2, 100 ) ), _DEFAULT_NAME(), ParamColor( "Color", ColorCycle ) ); |
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couldn’t get how does it work. it is neither indicator nor exploration. please explain.