Support Board
Date/Time: Wed, 27 Nov 2024 22:48:17 +0000
Correlation of Returns & Log Returns
View Count: 1179
| [2014-10-04 20:17:21] |
| rhovega - Posts: 279 |
|
Dear Sierra, Your platform currently offers the Correlation Coefficient study. As I'm sure you know, anyone analyzing the markets should be looking at the correlation of returns rather than the correlation of prices. Currently, to look at the correlation of returns a Sierra Chart user would need to use a) Correlation Coefficient study together with b) Percent Change Since Open study and c) one of the Overlay studies. Would you consider modifying the Correlation Coefficient study by adding to it the capability of calculating the correlation of returns of two series rather than only its prices? Secondly, Sierra Chart does not allow to calculate Log Returns, which for correlation studies are more accurate than percent chances. Would you consider adding Log Returns as a study? Thank you, K |
| [2014-10-09 03:39:39] |
| |
|
The source code for the Correlation Coefficient study is available and you can modify it as required. Refer to this page: http://www.sierrachart.com/index.php?page=doc/doc_BuildCustomStudiesDLL.html Otherwise, there is no development we plan in this area. Sierra Chart Support - Engineering Level Your definitive source for support. Other responses are from users. Try to keep your questions brief and to the point. Be aware of support policy: https://www.sierrachart.com/index.php?l=PostingInformation.php#GeneralInformation For the most reliable, advanced, and zero cost futures order routing, *change* to the Teton service: Sierra Chart Teton Futures Order Routing |
To post a message in this thread, you need to log in with your Sierra Chart account: