Plots the Beta of an instrument vs. a reference
The first instrument is the primary chart data series. The reference instrument is specified by the parameter "Symbol2", which does not need to be displayed on the chart. "Symbol2" defaults to "^SP500" if only the first instrument is displayed on the chart, otherwise it defaults to the second instrument displayed on the chart.
The "Period" parameter specifes the number of bars to use for the calculation.
Typically, Beta is calculated on 36 monthly bars vs. "^SP500", which should give the same result as the Beta listed in Yahoo Finance and other sources. But other periods, timeframes, and reference data series may be used.
References:
| Created By | kdoren |
| NinjaTrader Version | 7 |
| File Size | 7.6 KB |
| Create Date | 06/28/2010 |
| # of Downloads | 928 |
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