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Date/Time: Sat, 04 May 2024 10:11:54 +0000

Post From: Correlation of Returns & Log Returns

[2014-10-04 20:17:21] Link To Thread - Link To Post [Go To First Post]
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