Tweet
Hi,
I'm new to programming and pretty lost. It seems like what I want to do would be fairly simple.
I want to have an EFS that tells me how many Standard Deviations the price has moved that day. The formula for STD in this case would be:
STD = (Close * Volatility)/19.
Close = Previous day's close
Volatility = The measure of volatility of the individual stock. This is the volatility of the individual stock which can be found on Trackdata. I need to find the formula for this so it can be coded in eSignal.
19 = is the square root of 360.
For example. If GE closed at 37.78 and volatility is 12, the STD would be 22 cents. I would want something that shows its traveled 1 or -1, or 2 or -2, etc.
I think the hard part is figuring out the volatility for the stock.
I'm completely confused. Any ideas or has anyone done something similar?
Thanks
I'm new to programming and pretty lost. It seems like what I want to do would be fairly simple.
I want to have an EFS that tells me how many Standard Deviations the price has moved that day. The formula for STD in this case would be:
STD = (Close * Volatility)/19.
Close = Previous day's close
Volatility = The measure of volatility of the individual stock. This is the volatility of the individual stock which can be found on Trackdata. I need to find the formula for this so it can be coded in eSignal.
19 = is the square root of 360.
For example. If GE closed at 37.78 and volatility is 12, the STD would be 22 cents. I would want something that shows its traveled 1 or -1, or 2 or -2, etc.
I think the hard part is figuring out the volatility for the stock.
I'm completely confused. Any ideas or has anyone done something similar?
Thanks