$one is the same as the number 1. It's a nifty way to invert or
flip a chart. $ONE:$SPX is the same as 1/$SPX it flips the chart
upside down.
reasons for doing this is that you see inverse correlations
between instruments, such as how gold tends to move inveres to the
the Dollar etc. A better way to look at inversely correlated
instruments is to flip one of them so that the inverse is
correlated and easier to look it -as an example
Posted by timebandit on 27th of Jul 2023 at 06:49 pm
It's the way you set up an inverse in stockcharts. In
other words, the $SPX and $VIX are usually inverse correlated--when
one is up the other is down. So you don't want to use the
Correlation indicator with $SPX and the $VIX, you correlate $SPX
and $ONE:$VIX (1 divided by the $VIX)
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what is $ONE?
Posted by donkeyface on 27th of Jul 2023 at 06:10 pm
what is $ONE?
$one is the same as
Posted by matt on 27th of Jul 2023 at 07:07 pm
$one is the same as the number 1. It's a nifty way to invert or flip a chart. $ONE:$SPX is the same as 1/$SPX it flips the chart upside down.
reasons for doing this is that you see inverse correlations between instruments, such as how gold tends to move inveres to the the Dollar etc. A better way to look at inversely correlated instruments is to flip one of them so that the inverse is correlated and easier to look it -as an example
Duh Donkey!! 😂. I love inverse
Posted by donkeyface on 27th of Jul 2023 at 10:22 pm
Duh Donkey!! 😂.
I love inverse charts use em on TV all the time. Not too familiar with Stock Charts expect what you guys post.
Thanks!!!
It's the way you set
Posted by timebandit on 27th of Jul 2023 at 06:49 pm
It's the way you set up an inverse in stockcharts. In other words, the $SPX and $VIX are usually inverse correlated--when one is up the other is down. So you don't want to use the Correlation indicator with $SPX and the $VIX, you correlate $SPX and $ONE:$VIX (1 divided by the $VIX)