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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It's the way you set
what is $ONE?
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)