Thanks for the responses In order to use something I like to know how it is calculated and the addition to the help on this is great.
-- Cheers Graham AB-Write >< Professional AFL Writing Service Yes, I write AFL code to your requirements http://e-wire.net.au/~eb_kavan/ab_write.htm On 3/10/06, Ed Hoopes <[EMAIL PROTECTED]> wrote: > I would like give everyone an intutive feel for what Correlation is > doing. > > *** think of a chart of CLOSE vs TIME that is sloping upward > *** the progress of the price is noisy - up a little - dn a little > *** now think of drawing an ellipse around the data points > > 1. if the ellipse is long and skinny and sloping upward, Corel is > close to 1.0 > 2. if the ellipse is more like a circle, corel is close to zero > 3. if the ellipse is long and skinny and sloping downward corell is > close to -1. > > This is actually how the equation for Corel is derived - by fitting > an ellipse around the points in the plot. > > USAGE: > I have an exploration using Correl > 0.90. These stocks are under > consistent accumulation and are buy candidates. > > > > --- In [email protected], Graham <[EMAIL PROTECTED]> wrote: > > > > Can anyone tell me what Correlation is actually calculating > > I have read the description in help files but am still confused what > > it is actually calculated. > > In what way is it actually comparing the 2 arrays. > > > > -- > > Cheers > > Graham > > AB-Write >< Professional AFL Writing Service > > Yes, I write AFL code to your requirements > > http://e-wire.net.au/~eb_kavan/ab_write.htm > > > > > > > > > > Please note that this group is for discussion between users only. > > To get support from AmiBroker please send an e-mail directly to > SUPPORT {at} amibroker.com > > For other support material please check also: > http://www.amibroker.com/support.html > > > Yahoo! Groups Links > > > > > > > ------------------------ Yahoo! Groups Sponsor --------------------~--> Try Online Currency Trading with GFT. Free 50K Demo. Trade 24 Hours. Commission-Free. http://us.click.yahoo.com/RvFikB/9M2KAA/U1CZAA/GHeqlB/TM --------------------------------------------------------------------~-> Please note that this group is for discussion between users only. To get support from AmiBroker please send an e-mail directly to SUPPORT {at} amibroker.com For other support material please check also: http://www.amibroker.com/support.html Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/amibroker/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
