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ohad@altris.co.il  
#1 Posted : 8 years ago
ohad@altris.co.il

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Hi,

I want to create a very simple formula which involves the correlation function in metastock. For example's sake- lets suppose I want to create a formula -         7 * Correlation (paper1,paper2,5,2). 

The problem is that the formula editor will always require me specify specific stocks, but I want the new formula to be Verstatile. Meaning - I don't want to specify the data path each time I examine 2 different stocks.

Is there a way to accomplish this?

Thanks for any help you could offer regarding the issue

MS Support  
#2 Posted : 8 years ago
MS Support

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Hi,

There has to be some sort of constant in the data array fields, so you cannot have a dynamic symbol field through the formula language for two different items. There is a "P" variable that allows you to select a 'plot' on a chart and have this be the value of p, but you would not be able to have two different p variables in the same formula. You could use the built-in correlation indicator which allows you to select two different plots. You can select multiple plots on a chart by clicking the first plot, then Shift+Clicking the second plot.

Edited by user 8 years ago  | Reason: Not specified

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