Stock Portfolio Organizer
The ultimate porfolio management solution.
Shares, Margin, CFD's, Futures and Forex
EOD and Realtime
Dividends and Trust Distributions
And Much More ....
WiseTrader Toolbox
#1 Selling Amibroker Plugin featuring:
Advanced Adaptive Indicators
Advanced Pattern Exploration
Neural Networks
And Much More ....
Beta II for Metastock
Rating:
0 / 5 (Votes 0)
Tags:
metastock, oscillator
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.
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.
Files
Indicator / Formula
Copy & Paste Friendly
(( 21 * Sum( ROC( CLOSE ,1 ,% ) * ROC( Security("WIG",C),1 ,% ) ,21 ) ) -
( Sum( ROC( CLOSE ,1 ,% ) ,21) * Sum( ROC( Security("WIG",C) ,1 ,% ) ,21 ) ) ) /
( (21 * Sum( Pwr( ROC( Security("WIG",C) ,1 ,% ) ,2 ) ,21 )) -
Pwr( Sum( ROC( Security("WIG",C) ,1 ,% ) ,21 ) ,2 ))0 comments
Leave Comment
Please login here to leave a comment.
Back