// Downloaded From https://www.WiseStockTrader.com
_SECTION_BEGIN("High Beta Scanner");



ticker=ParamStr( "Ticker", "NIFTY" );

P=Foreign(ticker,"C",1);

Periods=Param("period",21,1,50,1);



Beta=(( Periods * Sum(ROC( C,1) * ROC(P,1),Periods )) - (Sum(ROC(C,1),Periods) *

Sum(ROC( P,1),Periods))) / ((Periods * Sum((ROC(P,1)^2 ),Periods)) -

(Sum(ROC(P,1 ),Periods)^2 ));



Plot(beta,"Beta",colorRed,styleLine);



Filter =beta>1.5;

AddColumn(beta,"BETA",1.2);



_SECTION_END();