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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
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Rank: Advanced Member
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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 Wednesday, November 30, 2016 4:34:25 PM(UTC)
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