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                                                   IntraDay Returns (15mins Timeframe)

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ose
2015-09-03 10:43:40


Hi Everyone,

I am still in my trial period. However I seem to be having problems with a formula I have created.

I have created the below formula, but when loaded on the chart, it seems incorrect, as it does not look like the normal chart of returns I would load on say FreeStockCharts.com.

The lines/bars of the two symbols are always so close to each other even though this is not the true reflection.

symbol1 = 'OXY';
symbol2 = 'HES';

cur1 = GetSeries(symbol1, Close);
prev1 = ref(cur1,1);
cur2 = GetSeries(symbol2, Close);
prev2 = ref(cur2,1);

return1 = (cur1 - prev1)/prev1*100;
return2 = (cur2 - prev2)/prev2*100;

// return1 = (cur1/prev1)-1;
// return2 = (cur2/prev2)-1;

plot(return2, symbol2, colorRed); // Plot standard deviation in blue
plot(return1, symbol1, colorBlue); // Plot standard deviation in blue



Any ideas?

Ose



QuantShare
2015-09-04 03:10:32

  0

Hi Ose,

There are no problems with the formula, it is displaying exactly what it is supposed to display. You can make the calculation manually to check.

What you are calculating and displaying is this the one-bar performance.
return1 = (cur1 - prev1)/prev1*100;

is equivalent to:

return1 = perf(cur1, 1);



ose
2015-09-04 04:05:11

  0

OK thanks. I actually didn't know there was already a function for performance.

Thanks
Ose



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