Metálico Semanalmente Em Movimento

Fórmulas Metastock - W Clique aqui para voltar ao Índice de Fórmula Metastock Em uma tendência ascendente, três ou quatro CLOSES sucessivos mais baixos e EMA (21) estão aumentando. C lt Ref (C, -1) E Ref (C, -1) lt Ref (C, -2) E Ref (C, -2) lt Ref (C, -3) E Mov (C, 21, E) Gt Ref (Mov (C, 21, E), -1) OU C lt Ref (C, -1) E Ref (C, -1) lt Ref (C, -2) E Ref (C, -2) lt Ref (C, -3) E Ref (C, -3) lt Ref (C, -4) E Mov (C, 21, E) gt Ref (Mov (C, 21, E), -1) C gt Ref (C, -1) E Ref (C, -1) gt Ref (C, -2) E Ref (C, -2) gt Ref (C, -3) E Mov (C, 21, E) lt Ref ( Movimento (C, 21, E), -1) OU C gt Ref (C, -1) E Ref (C, -1) gt Ref (C, -2) E Ref (C, -2) gt Ref (C , -3) E Ref (C, -3) gt Ref (C, -4) E Mov (C, 21, E) lt Ref (Mov (C, 21, E), -1) Montar isso com um OBOS Oscilador e você tem uma entrada que é, bem, pelo menos vale a pena considerar. Indicadores Semanais do MetaStock Eu, basicamente, coloquei os indicadores semanais sobre as cartas diárias no back-burner por enquanto, mas alguém mencionou o assunto em um e-mail fora da lista, e eu decidi que talvez eu devesse publicar esses dois indicadores. Eles ficam bem comigo, mas checam-os. Lembre-se, traçam o valor das semanas anteriores, começando o primeiro dia de negociação da semana seguinte, e esse valor permanece constante durante toda a semana. Estes são projetados para backtesting. Então, se você tiver que saber nesta sexta-feira à noite qual será o valor semanal do indicador para a semana seguinte, basta ver um gráfico semanal. Estocástico: o desaceleração de K e K pode ser codificado para acomodar mais parâmetros usando a função de entrada do usuário, mas quando você faz isso, o D sempre calcula usando o valor padrão da desaceleração de K, dando valores errôneos. Então eu deixei o mesmo. Você pode conectar seus próprios valores. Acabei de usar os valores padrão do MetaStock como ponto de partida. Eu fiz o K D como dois indicadores separados para que você possa traçar o D de uma cor diferente ou tracejada. O indicador Momentum usa a função Input bem. Y: (ValueWhen (1, swgt0, (yestClo-LLow)) ValorQuando (2, swgt0, (yestClo-LLow)) Valor Quando (3, swgt0, (yestClo-LLow))) ((ValueWhen (1, swgt0, HHigh) Valor = Quando (2, swgt0, HHigh) Valor Quando (3, swgt0, HHigh)) - (ValueWhen (1, swgt0, LLow) Valor Quando (2, swgt0, LLow) Valor Quando (3, swgt0, LLow))) 100 yy: (ValueWhen (1, swgt0, (yestClo-LLow)) ValorQuando (2, swgt0, (yestClo-LLow)) Valor Quando (3, swgt0, (yestClo-LLow))) ((ValueWhen (1, swgt0, HHigh) ValueWhen (2, Swgt0, HHigh) Valor = Quando (3, swgt0, HHigh)) - (Valor Quando (1, swgt0, LLow) Valor Quando (2, swgt0, LLow) Valor Quando (3, swgt0, LLow))) 100 WillSpread por Larry Williams O indicador Larry Wiliams Chamado WillSpread é bastante fácil de plotar no MetaStock para Windows versão 6.5. Usando a versão 6.5 do MetaStock para Windows, siga estas etapas. Trace a mercadoria subjacente. Arraste o Indicador de propagação da lista rápida do indicador para este gráfico de commodities. Selecione Tbonds ou Tbills como a segurança para usar para se espalhar. Eu recomendo que você trate isso em uma nova janela interna. Arraste o Oscilador de Preços da lista rápida do indicador e solte-o no gráfico SPREAD, não no gráfico de preços. Os parâmetros que o Sr. Williams usa são 7 e 11 médias exponenciais exponenciais do período de tempo. Você também deseja usar pontos como o método. Esta trama é o indicador WillSpread. Neste ponto, você pode alterar a cor dos gráficos de propagação para coincidir com o plano de fundo do gráfico, ou talvez mover o indicador WillSpread para uma janela interna separada. Se você salvar este primeiro esforço como um modelo, talvez chamado WillSpread, você pode aplicar esse modelo a qualquer mercadoria que desejar e o indicador será calculado automaticamente contra essa mercadoria. Você também pode usar a função Next Security no MetaStock para Windows para visualizar cada uma das suas commodities, definindo as opções para a próxima segurança para manter os estudos de linha. Se você aplicar este modelo à primeira mercadoria em sua pasta de futuros, você poderá usar a seta para a direita para mover o conteúdo da pasta. Cada nova mercadoria terá o WillSpread calculado como está carregado. Trabalhando com DMI OPEN LONG: closegthhv (baixo, 21) FECHAR LONGO: closeltllv (alto, 21) Escrevendo Metastock Explorations O MetaStock é um programa maravilhoso para comerciantes, mas pode parecer complicado e intimidante no início. Na realidade, é fácil e divertido, se você lutar lentamente, passo a passo. Vamos considerar uma questão comum de comerciantes: como o MetaStock pode me ajudar a encontrar todos os estoques onde a média móvel de 3 dias acabou de se cruzar acima da ferramenta de MetaStocks Explorer em média móvel de 10 dias, você pode pesquisar todos os estoques no ASX e dentro de um minuto ou Dois (dependendo da velocidade do seu computador) geram uma lista de todos os estoques que atendem a esse critério particular. Heres um guia passo a passo para principiantes: 1. Abra sua ferramenta do Explorer no MetaStock clicando no símbolo dos pequenos binóculos no canto superior direito da tela ou encontre-a em Ferramentas no menu suspenso. 2. Você será apresentado com a tela do Explorer mostrando uma lista de Equis Explorations pré-fabricadas mais várias opções para visualizá-las ou editá-las. Mais sobre isso mais tarde. Olhe, em vez disso, na lista de opções à direita. 3. Escolha o botão Novo e clique. Você apenas começou a escrever seu próprio MetaStock Exploration MetaStock dá-lhe o nome de ltNew Explorationgt, mas vamos renomear o Crossover médio móvel por causa desse exercício. 4. Observe que a tela do Explorer possui uma seção superior rotulada como "Notas" e, logo abaixo, sete colunas, com abas, etiquetadas como "A para F", mais "Filtro". Por enquanto, só funcionaria com a coluna Filtro. Clique na guia e você está pronto para escrever uma fórmula do MetaStock nesta coluna. 5. Digite o seguinte sem as aspas: Cross (Mov (c, 3, s). Mov (c, 10, s)), mas não se preocupe com os espaços entre letras e marcas de pontuação, nem sobre capitalização. 6. Heres uma explicação rápida para refletir, antes de ir mais longe. O que você acabou de entrar no MetaStock Explorers Filter é uma fórmula muito mais simples do que você percebe. Isso significa apenas Crossover A sobre B ou Crossover 3 em 10 em inglês comum. O MetaStock escreve isso como Cross (A. B) onde A e B são outras fórmulas do MetaStock, qualquer fórmula que você gosta. Neste caso, estavam colocando duas médias móveis diferentes no lugar de A e B. MetaStock escreve a média móvel da língua inglesa nos últimos 3 dias, enquanto mov (c, 3, s) e a segunda média móvel são exatamente as mesmas, Com o número 10 substituído pelo 3. 7. Sua primeira MetaStock Exploration está agora concluída. Clique em OK no canto inferior esquerdo do campo do Explorer para salvá-lo e você encontrará rapidamente sua própria Exploração de Crossover de Mover Agregado aos já existentes na lista pré-fabricada do MetaStock. 8. Em seguida, clique no botão Explorar e o MetaStock solicitará o caminho para o local no seu computador, onde você tem todos os seus dados ASX (ou outros). Escolha quais títulos você deseja digitalizar. Sugiro que você escolha todos eles para começar e salve isso como uma Lista denominada Todos, de modo que, quando você fizer mais Explorações, você não terá que passar por este passo novamente. Você pode simplesmente escolher a lista Todas sempre que quiser verificar os estoques. (Tire nota neste ponto de que o MetaStock tem uma excelente assistência para você sob sua guia de Ajuda, bem como um dos melhores softwares de software já escritos.) 9. O MetaStock verificará rapidamente que seus estoques estão onde você diz, e o solicitarão Um OK. Depois de fazer isso, você pode assistir a uma tela nítida, onde o MetaStock descreve a busca por todos os estoques que correspondem aos critérios de pesquisa (Filtro). Quanto tempo esse processo demora depende mais uma vez da velocidade do seu computador. Quando o Explorer for concluído, você deve escolher a opção Relatório para encontrar uma lista filtrada de todos os estoques que hoje têm sua média móvel de 3 dias acima da média móvel de 10 dias . O MetaStock permite que você abra cada um ou todos esses estoques em páginas de tela cheia para análise posterior. Na edição de maio de 1998 do STOCKS amp COMMODITIES, a Traders Tip forneceu fórmulas MetaStock para calcular os níveis de suporte e resistência e os osciladores de suporte e resistência WRO e WSO. A Dica de comerciantes foi baseada em meu artigo, Suporte e resistência automatizada, também nessa questão. Desde então, recebi muitas mensagens de E-mail dos leitores de STOCKS amp TEXTES sobre isso. Embora o método tenha sido bem recebido, as fórmulas fornecidas foram um pouco confusas e poderiam usar algum esclarecimento. Além disso, a execução foi lenta e a triagem de um grande número de estoques foi difícil. Desde então, desenvolvi um método mais rápido e melhorado para a computação desses indicadores. Para começar, os níveis de suporte S1 a S6 e os níveis de resistência R1 a R6 são indicadores separados (12 no total), e cada um deve ser inserido usando a opção de indicador personalizado no construtor de indicadores. S1 Indicador: ValorQuando (1, Ref (L, -4) LLV (L, 9), Ref (L, -4)) S2 Indicador: Valor Quando (2, Ref (L, -4) LLV (L, 9), Ref (L, -4)) S3 Indicador: Valor Quando (3, Ref (L, -4) LLV (L, 9), Ref (L, -4)) S4 Indicador: Valor Quando (4, Ref (L, -4 ) LLV (L, 9), Ref (L, -4)) S5 Indicador: Valor Quando (5, Ref (L, -4) LLV (L, 9), Ref (L, -4)) S6 Indicador: ValueWhen ( 6, Ref (L, -4) LLV (L, 9), Ref (L, -4)) R1 Indicador: Valor Quando (1, Ref (H, -4) HHV (H, 9), Ref (H, - 4)) R2 Indicador: Valor Quando (2, Ref (H, -4) HHV (H, 9), Ref (H, -4)) R3 Indicador: Valor Quando (3, Ref (H, -4) HHV (H, 9), Ref (H, -4)) R4 Indicador: Valor Quando (4, Ref (H, -4) HHV (H, 9), Ref (H, -4)) R5 Indicador: Valor Quando (5, Ref (H 4) HHV (H, 9), Ref (H, -4)) R6 Indicador: Valor Quando (6, Ref (H, -4) HHV (H, 9), Ref (H, -4)) Estes 12 Os indicadores devem ser conspirados individualmente com os dados do preço como pontos, não linhas (clique em cada um e altere o estilo para aquele na parte inferior do menu de estilo). A cor vermelha é recomendada para os níveis de suporte S1 a S6 e a cor azul para os níveis de resistência R1 a R6. Entrar nessas fórmulas e alterar o estilo leva um pouco de tempo, mas uma vez feito, eles podem ser salvos como um modelo e facilmente aplicados a outro. Se você estiver interessado apenas no cálculo dos indicadores WRO e WSO, essas fórmulas podem ser inseridas como mostrado aqui. Não é necessário calcular S1 a S6 ou R1 a R6, uma vez que as novas fórmulas são agora autônomas. As novas fórmulas WRO e WSO também contêm funções máximas e mínimas para garantir que a mudança para cada nível seja zero ou 1. Isso evita um erro raro, mas ocasional quando a mudança de preço é muito grande durante um curto período. WSO Indicador: L1: ValorQuando (1, Ref (L, -4) LLV (L, 9), Ref (L, -4)) L2: Valor Quando (2, Ref (L, -4) LLV (L, 9) Ref (L, -4)) L3: Valor Quando (3, Ref (L, -4) LLV (L, 9), Ref (L, -4)) L4: Valor Quando (4, Ref (L, -4) LLV (L, 9), Ref (L, -4)) L5: Valor Quando (5, Ref (L, -4) LLV (L, 9), Ref (L, -4)) L6: ValueWhen (6, Ref (L, -4) LLV (L, 9), Ref (L, -4)) L1M: Max (0, Min (1, Int (L1C))) L2M: Max (0, Min (1, Int (L2C ))) L3M: Max (0, Min (1, Int (L3C))) L4M: Max (0, Min (1, Int (L4C))) L5M: Max (0, Min (1, Int (L5C)) ) L6M: Max (0, Min (1, Int (L6C))) 100 (1- (L1ML2ML3ML4ML5ML6M) 6) Indicador WRO: L1: Valor Quando (1, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L2: Valor Quando (2, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L3: Valor Quando (3, Ref (H, -4) HHV ( H, 9), Ref (H, -4)) L4: Valor Quando (4, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L5: Valor Quando (5, Ref (H 4) HHV (H, 9), Ref (H, -4)) L6: Valor Quando (6, Ref (H, -4) HHV (H, 9), Ref (H, -4)) L1M: Max (0, Min (1, Int (L1C))) L2M: Max (0, Min (1, Int (L2C))) L3M: Max (0, Min (1, Int (L3C))) L4M: Max (0 , Min (1, Int (L4C))) L5M: Max (0, Min (1, Int (L5C))) L6M: Max (0, Min (1, Int (L6C))) 100 (1- (L1ML2ML3ML4ML5ML6M) 6) Os osciladores WRO e WSO geralmente são plote D juntos em uma escala separada do gráfico de preço. É útil adicionar linhas horizontais em zero e 100 na mesma escala. As linhas horizontais podem ser adicionadas clicando no indicador e selecionando linhas horizontais no menu Propriedades do indicador. Essas fórmulas funcionam muito mais rápido (em 40 vezes) do que as fórmulas anteriores, e foram testadas com sucesso com dados de fim de dia e dados em tempo real usando o MetaStock Professional Versão 6.51. Em seu livro New Concepts in Technical Trading Systems. J. Welles Wilder Jr. fala sobre volatilidade e descreve seu Índice de Volatilidade e Sistema de Volatilidade. Ambos podem ser realizados no MetaStock8482 para Windows. Este documento descreve como construir o índice e o sistema. O Índice de Volatilidade (VI) é descrito por Wilder como: VI Today (13 VI TR1) 14, onde TR1 é o verdadeiro alcance de hoje. Ele define o verdadeiro alcance como o maior dos seguintes: A distância de hoje de alta a baixa de hoje A distância de ontem perto de hoje em dia, ou A distância de ontem perto de baixa de hoje. No MetaStock versão 5.0 ou superior você usaria a seguinte função. O Sistema de Volatilidade é: Se você tem fórmulas Metastock que você gostaria de compartilhar, envie um e-mail para Estamos ansiosos para ouvir de você. Para saber mais sobre como usar o Metastock e sua fórmula, clique aqui. Direitos autorais 2003 MetaStock Website Home Metastockreg é uma marca registrada da Equis International. MetaStock Indicadores Personalizados 5 35 5 MACD Absolute Breadth Index AdvanceDecline Line com Negativo Volume Adaptive Moving Average, de Perry Kauffman ADXADXR Personalizado (sem arredondamento) Arms Index (TRIN) Aroon Indicators, Por Tushar Chande Método de Modificação Média, por Perry Kauffman Bandas de Bollinger Breadth Thrust Candleode Índice de Força da Vela Chande Momentum Oscilador Composto Média Chande Momentum Oscilador Volatilidade Chandes Momentum Oscilador Chandes Trendscore Alterando Formas AccumulationDistribuição Força Relativa Comparativa no MetaStock para Windows Confidence Coppock Curve Daily Close vs High E Índice de Disparidade do Oscilador de Preços Detromitos Baixos Baixos Exibindo o Preço de uma Segurança em 32nd e 64 Divergência entre o Oscilador de Momento de Fechamento e Indicador Dynamic Momentum Elliot Oscilador Pontos finais médios móveis de uma linha de regressão linear com desvio padrão Ns Gann High Low Gann-Swing Gann-Trend Gap Identificação GRIIF1 Identificação Oscilador Hi Low Wave Volatilidade Histórica Diária Volatilidade Histórica Diária Índice Insync Semanal Indicador de Kurtose Indicador MACD Índice de Facilitação de Mercado Índice de Facilidade de Mercado Consultor Especialista Pressão do Mercado - Último Mercado Oscilador de Impulso Martin Prings KST Fórmulas Índice de massa McClellan Oscilador McClellan Summation Index McGinley Dinâmico Indicador VIX modificado Índice de fluxo de dinheiro Morris Double Momentum Oscilator Média móvel de apenas um dia de uma semana Volatilidade de Natenberg Um dia Percentagem de fluxo de dinheiro acima da média média móvel Persistência do fluxo de dinheiro Plotando Alpha e Beta Eficiência Fracturada Polarizada Indicador de ação de preço (DOR) Preço Oscilador Onda Preço Volume Classificação Preço Tendência de volume Índice de mudança aleatória estocástica Taxa de variação desde uma data específica Tendência de movimento recursiva Oscilador de regressão média e Índice de força relativa do Indicador SlopeFechar (RSI) Volatilidade relativa personalizada Índice (RVI) R quadrado, Chande amplificador Krolls Regra de 7 Oscilador Onda de Volume Curto Inclinação de uma Linha Pendente de uma Linha de Regressão Linear Bandas de Erro Padrão para MetaStock para Windows Especial Trix STIX Oscilador Estocástico D Índice de Força Relativa Estocástica Onda Estocástica Longa Ação Estocástica Curta Suporte e Resistência - Yoni A Nova Linha de Declínio Avançado Tick Linha Momentum Oscilador Trading Channel Índice Tendência Bandini Trendline Fórmula Índice de Força Real Tushar Chandes Preço Alvo Tushar Chandes Vidya com Volatilidade Bandas Volatilidade Volatilidade Diferença Volume Acumulação Indicador Volume Onda do Oscilador Semanalmente Alto Baixa Onda Semanalmente Segmento de Oscilador Preço semanal Oscilador Wilders Volatilidade TASC Traders Dicas Freeburg Precious Metal Switch Sistema de fundo Rainbow Charts Usando Fibonacci Ratios e Momentum Volatilidade Indicador Breaking of Price Channels Técnicas de suavização para sinais mais precisos Anchored Momentum Double Tops e Double Bottoms Adaptive Moving Average Aut Omatic Suporte e resistência Variáveis ​​mutadas, volatilidade e um novo mercado Paradigma Análise do canal Uma volatilidade Comércio de ouro de termos para ferramentas técnicas Média móvel simples com resistência e suporte Combinando análises estatísticas e padrões, tubarão 32 Melhores bandas de Bollinger Quadros de tempo múltiplos dinâmicos Sine-Wave Média móvel ponderada MetaStock - 5 35 5 MACD O 5,35,5 MACD é uma variação do padrão 12,26,9 MACD e foi popularizado por Chris Manning, que o usa para identificar os principais pontos de divergência do mercado: ((Mov ( CLOSE, 5, E) - Mov (CLOSE, 35, E)) - (Mov ((Mov (CLOSE, 5, E) - Mov (CLOSE, 35, E)), 5, E))) Quando primeiro plotado em Um gráfico, o 5,35,5 MACD aparecerá como uma linha contínua sem linha horizontal no valor de zero (como mostrado na figura abaixo). Depois de aplicar o indicador 5 35 5 MACD no seu gráfico, use as seguintes etapas para criar um histograma com linha vertical em zero. A) Clique duas vezes no indicador para abrir a caixa de diálogo de propriedades. B) Selecione a guia ColorStyle e, usando a lista suspensa Estilo, selecione a configuração do histograma (segundo a partir da parte inferior). C) Selecione a guia Linhas horizontais e insira um valor de zero (0) para o valor da linha horizontal. Clique em Adicionar. D) Clique em OK (o indicador aparecerá como por imagem abaixo) Fórmula MetaStock - Índice de Brecha Absoluta O Índice de Ponta Absoluta (ABI) é um indicador de dinâmica do mercado desenvolvido por Norman G. Fosback. O ABI mostra a quantidade de atividade, volatilidade e mudança que está ocorrendo na Bolsa de Valores de Nova York, ignorando a direção dos preços. Você pode pensar no ABI como um índice de citocitabilidade. Leituras elevadas indicam atividade e mudança do mercado, enquanto baixas leituras indicam falta de mudança. No livro do Sr. Fosbacks, Stock Market Logic. Ele indica que historicamente, os valores elevados geralmente levam a preços mais altos três a doze meses depois. A fórmula do MetaStock para o Absolute Breadth Index é: ABS (Problemas Avançados - Problemas Decrescentes) Para plotá-lo: Crie uma segurança composta dos Problemas Avançados - Problemas Declinados. Nas versões do Windows, use The DownLoader para criar as versões composta ou do DOS usando o MetaStocks File Maintenance para criar o composto. No MetaStock, abra o composto e traça a fórmula personalizada ABS (C) nele. MetaStock Formula - Advance Decline Line com volume negativo Existe uma maneira de obter o volume negativo em um gráfico de linha de declínio avançado no MetaStock para Windows. O requisito é: cada segurança deve ter o número de problemas e o volume no arquivo. Avançando problemas com o avanço do volume em uma segurança e a diminuição dos problemas com o declínio do volume em um arquivo de segurança. Esses arquivos podem ser obtidos da Reuters Trend Data por meio do The DownLoader for Windows. Você também precisará criar uma segurança composta da linha Advance-Decline, que é o avanço - diminui. As seguintes etapas irão obter uma linha de declínio antecipado com volume negativo quando aplicável. Siga estes passos uma vez e guarde-o como um GRÁFICO. Quando você quer usá-lo, basta carregar o gráfico e o programa calculará o novo gráfico de volume usando os novos dados. Crie um novo gráfico dos problemas avançados. Crie um novo gráfico dos problemas em declínio. Crie um novo gráfico do composto de declínio avançado. Crie uma NOVA JANELA INTERIOR no gráfico de problemas em declínio. Exclua o gráfico de volume no gráfico composto de declínio avançado. Copie o volume do gráfico de problemas avançados e cole-o na nova janela interna no gráfico de problemas em declínio. Solte a fórmula personalizada, P-V no gráfico de volume avançado no gráfico de problemas em declínio, criando uma nova escala. Copie esse gráfico para a janela interna vazia (onde o volume era) do composto de declínio avançado. Salve esse gráfico como o gráfico adv-decl (talvez advdecl. mwc). Este será o gráfico que você carrega para fazer o seu estudo da linha de declínio avançado com volume negativo MetaStock Formula - Adaptive Moving Average, de Perry Kaufman Esta é uma fórmula Metastock para Windows versão 6.5. Períodos: Entrada (quotTime Periodsquot, 1,1000, 10) Direção: CLOSE - Ref (Close, - periods) SSC: ER (FastSC - SlowSC) SlowSC AMA: Se (Cum (1) periodos 1, ref (Close, -1 ) Constante (CLOSE - ref (Close, -1)), constante anterior (CLOSE - PREV)) MetaStock Formula - ADX ADXR Custom (sem arredondamento) Aqui estão as fórmulas ADX e ADXR personalizadas que irão traçar os decimais após o cálculo. Os indicadores incorporados traçam exatamente como Welles Wilder os traça em seu livro, New Concepts in Technical Trading Systems. Estes indicadores personalizados calculam a mesma maneira, exceto que eles não circulam como Wilder faz. Períodos: Entrada (quotTime Periodsquot, 1,100,14) PlusDM: Se (HgtRef (H, -1) E LgtRef (L, -1), H-Ref (H, -1), If (H gtRef (H, -1 ) E LltRef (L, -1) e H-Ref (H, -1) gt Ref (L, -1) - L, H-Ref (H, -1), 0)) PlusDI: 100Wilders (PlusDM, Periods ) ATR (Períodos) MinusDM: Se (LltRef (L, -1) E HltRef (H, -1), Ref (L, -1) - L, If (HgtRef (H, -1) E LltRef (L, - 1) E H-Ref (H, -1) ltRef (L, -1) - L, Ref (L, -1) - L, 0)) MinusDI: 100Wilders (MinusDM, Períodos) ATR (Períodos) DIDif: Abs (PlusDI-MinusDI) DISCO: PlusDIMinusDI ADXFinal: 100Wilders (DIDifDISum, Periods) Períodos ADXFinal: Entrada (quotTime Periodsquot, 1.100,14) PlusDM: If (HgtRef (H, -1) E LltRef (L, -1), H - Ref (H, -1), If (HgtRef (H, -1) E LltRef (L, -1) E H-Ref (H, -1) gtRef (L, -1) - L, H-Ref (H , -1), 0)) PlusDI: 100Wilders (PlusDM, Períodos) ATR (Períodos) MinusDM: Se (LltRef (L, -1) E HltRef (H, -1), Ref (L, -1) - L, Se (HgtRef (H, -1) E LltRef (L, -1) E H-Ref (H, -1) ltRef (L, -1) - L, Ref (L, -1) - L, 0)) MinusDI: 100Wilders (MinusDM, Períodos) ATR (Períodos) DIDif: Abs (PlusDI-MinusDI) DISCO: PlusDIMinusDI ADXFinal: 100Wilders (DIDifDISum, Períodos) ADXRCus Tom (ADXFinalRef) (ADXFinal, LastValue (1-períodos)) 2 ADXRCustom MetaStock Formula - Arms Index (TRIN) O Índice de Armas, também conhecido como TRIN, é um indicador de mercado que mostra a relação entre o número de ações que aumentam ou Diminuição do preço (problemas avançados) e o volume associado às ações que aumentam ou diminuem o preço (avançando o volume de redução). O Índice de Armas foi desenvolvido por Richard W. Arms, Jr. em 1967. O Índice de Armas é principalmente uma ferramenta de troca de curto prazo. O Índice mostra se o volume está fluindo para o avanço ou declínio dos estoques. Se mais volume estiver associado ao avanço de estoques do que a declínio das ações, o Índice de Armas será inferior a 1,0 se mais volume estiver associado a ações em declínio, o Índice será maior que 1,0. A fórmula para o Índice de Armas é: (Problemas Avançando Problemas Decrescentes) (Volume Avançando do Volume Decrescente) Para calcular o Índice de Armas no MetaStock para Windows, você precisará primeiro coletar os quatro dados. A Reuters Trend Data (RTD) fornece esses dados em dois arquivos. Os tickers são X. NYSE-A (Avanços, número e volume) e X. NYSE-D (Declinações, número e volume). DialData também fornece esses dados em dois arquivos. Avanços, número e volume e declínios, número e volume. Os tickers são NAZK e NDZK. O CompuServe fornece esses dados em 4 arquivos. Os tickers são NYSEI (Advances) usam o cusip 00000157 em vez do símbolo NYSEJ (declínios) NYUP (volume antecipado) e NYDN (volume decrescente). Depois que os dados foram coletados, siga estas etapas: Para os dados de RTD ou Dial Data, no DownLoader, crie uma segurança composta dos declínios avançados. No MetaStock, abra o compósito. Crie e traça a fórmula personalizada: CV Isso lhe dá o índice de armas (TRIN). Para dados da CompuServe No DownLoader, crie os dois compósitos. Problemas avançados Questões em declínio Aumento do volume Volume decrescente No MetaStock, abra ambos os compósitos. Azuleie os gráficos para que ambos possam ser vistos. Arraste o gráfico do Adv. VolumeDec. Volume composto em uma janela interna no Adv. IssuesDec. Gráfico de problemas. Crie a fórmula personalizada: CP Trace esta fórmula em cima do Adv. VolumeDec. Trama de volume (o Volume do volume avançado. O gráfico de volume transformará uma cor purpúrea para significar que a fórmula será plotada nele). Você saberá ter o índice de armas (TRIN) traçado. Você pode arrastá-lo para sua própria janela interior, se preferir. Fórmula MetaStock - Indicadores Aroon, de Tushar Chande Para a interpretação dos indicadores Aroon, consulte o artigo de Tushar Chandes, Time Oscilador de Preços, na revista Análise Técnica de Stocks Américas de setembro de 95. 100 (14 - ((Se (Ref (L, -1) LLV (L, 14), 1. Se (Ref (L, -2) LLV (L, 14), 2. Se (Ref (L, - 3 ) LLV (L, 14), 3, If (Ref (L, -4) LLV (L, 14), 4, If (Ref (L, -5) LLV (L, 14), 5, If (Ref ( L, -6) LLV (L, 14), 6, If (Ref (L, -7) LLV (L, 14), 7, If (Ref (L, -8) LLV (L, 14), 8, Se (Ref (L, -9) LLV (L, 14), 9, Se (Ref (L, -10) LLV (L, 14), 10, Se (Ref (L, -11) LLV (L, 14 ), 11, If ​​(Ref (L, -12) LLV (L, 14), 12, If (Ref (L, -13) LLV (L, 14), 13, If (Ref (L, -14) LLV (L, 14), 14),)))))))) 14 MetaStock Formula - Breadth Thrust O indicador Breadth Thrust é um indicador de impulso do mercado desenvolvido pelo Dr. Martin Zweig. The Breadth Thrust é calculado tomando uma média móvel exponencial de 10 dias dos problemas avançados, dividida pelo progresso e diminuição dos problemas. De acordo com o Dr. Zweig, um impulso de ponto de venda ocorre quando, durante um período de 10 dias, o indicador de impulso de ponta aumenta de abaixo de 40% para acima de 61,5%. Um quotThrustquot indica que o mercado de ações mudou rapidamente de uma condição de sobrevenda para um de força, mas ainda não se tornou sobrecompra. O Dr. Zweig também ressalta que apenas 19 aversões foram desde 1945. O ganho médio após estes 14 exercícios foi de 24,6 por cento em um prazo médio de 11 meses. O Dr. Zweig também aponta que a maioria dos mercados de touro começam com um impulso de ponta. Para traçar a Market Breadth no MetaStock para Windows, você precisará: Criar uma segurança composta dos Problemas avançados de Problemas avançados no DownLoader. No MetaStock, abra um gráfico do composto e um gráfico dos Problemas Avançados. Tile os gráficos para que você possa ver ambos na tela. Arraste o gráfico do composto para o gráfico dos Problemas Avançados. Crie o indicador personalizado: mov (C P, 10, E), e traça-o em cima do gráfico do compósito (o gráfico de compósitos transformará uma cor purpúrea). Se você tiver uma linha plana, então não foi plotado diretamente no topo da trama dos compósitos. Você pode, então, clicar com o botão direito do mouse sobre o impulso do tamanho, selecionar Propriedades de impulso do tamanho, ir para a página Linhas horizontais e adicionar linhas horizontais em 40 e 60. MetaStock Formula - Candlecode Bdy: Abs (OC) Lshd: Se (CgtO, OL, CL ) Ushd: Se (CgtO, HC, HO) ThBotB: BBandBot (Bdy, 55, E, 0,5) ThTopB: BBandTop (Bdy, 55, E, 0,5) ThBotL: BBandBot (Lshd, 55, E, 0,5) ThTopL: BBandTop (Lshd, 55, E, 0,5) ThBotU: BBandBot (Ushd, 55, E, 0,5) ThTopU: BBandTop (Ushd, 55, E, 0,5) CCode: Se (CO, 1,0) Se (UshdgtLshd, 64,48 ) Se (CO, 0,1) (Se (CgtO, 1,0) (Se (BdyltThBotB, 80,0) Se (BdygtThBotB E BdyltThTopB, 96,0) Se (BdygtThTopB, 112,0)) Se (CltO, 1,0) (Se (BdyltThBotB, 32,0) Se (BdygtThBotB E BdyltThTopB, 16,0))) (Se (Lshd0,3,0) Se (LshdltThBotL E Lshdgt0,2,0) Se (LshdgtThBotL E LshdltThTopL E (Ushdgt0,1,0)) (Se (Ushdgt0 AND UshdltThBotU, 4,0) Se (UshdgtThbotU AND UshdltThTopU, 8,0) Se (UshdgtThTopU, 12,0)) CCode Fórmula MetaStock - Índice de Força da Vela Cum (If (Fml ( QuotTodays Changequot) gt Mov (Fml (quotTodays Changequot), 7, E) E C gt Ref (C, -1), CV, If (Fml (quotTodays Mudança) lt Mov (Fml (quotTodays Changequot), 7, E) E C lt Ref (C, -1), Neg (CV), 0))) Onde Fml (quotTodays Changequot) c - ref (c, -1) A força relativa comparativa nos gráficos comparativos de Força Relativa do MetaStock para Windows pode ser útil para decidir qual segurança comprar, ajudando a identificar o melhor desempenho. Eles também podem ser úteis no desenvolvimento de spreads, ou seja, comprar o quotlongquot de melhor desempenho e vender as questões mais fracas quotshort. quot A Força Relativa Comparativa pode ser aplicada no MetaStock para Windows da seguinte forma: Criação de um Modelo para Força Relativa Comparativa (Para esta ilustração , Assumimos que um patrimônio é comparado ao SampP 500, que primeiro deve ter sido coletado do seu fornecedor. Ambos os arquivos de dados devem estar na mesma periodicidade.) Carregar o SampP 500. Carregar o patrimônio ou o que você deseja encontrar A força relativa para. Arraste o gráfico do SampP 500 para uma nova janela interna da equidade. (Você pode precisar clicar primeiro em Pilha). Feche o gráfico SampP 500. Criar um indicador personalizado: Div (fechar, p) Arraste o indicador personalizado para a janela interna que contém o gráfico SampP 500, movendo-o sobre o gráfico até que o gráfico mude para uma cor rosa ou lavanda, então solte o botão do mouse. (Isto é chamado de arrastar e soltar um indicador em um indicador. O novo indicador será plotado na mesma janela que o gráfico SampP 500.) Você tem duas opções aqui: você pode alterar a cor do gráfico SampP 500 para ser o mesmo que A cor do plano de fundo, de modo que seja efetivamente invisível. (Clique duas vezes no gráfico do SampP 500 para chegar ao seu quotpropertiesquot, depois escolha a cor que você precisa na lista de cores). Você pode fornecer as duas cores diferentes para que você possa saber qual é qual. Salve este gráfico como um modelo. (FileSave As, set quotSave File As Typequot to Template e dê-lhe um nome, como CMPRELST. MWT.) Sempre que quiser ver Força Relativa Comparativa de um capital próprio contra o SampP 500, aplique este modelo ao gráfico de equivalência patrimonial. Nota: se você deve mover o arquivo de dados contra o qual você está comparando, como o SampP 500, esse modelo não funcionará mais e teria que ser recriado. Para executar uma exploração usando força relativa comparativa Carregue o SampP 500 (ou o que você quiser comparar contra). Crie um indicador personalizado do Close. Arraste e solte esse indicador no SampP 500 (ou seja o que for). (Nota: o gráfico do SampP 500 deve mudar para colorir a cor rosa antes de soltá-lo.) O indicador irá traçar. Selecione o gráfico do indicador (clicando com o botão esquerdo do mouse na linha). Faça uma Exploração com DIV (Close, p) na coluna A e especifique qual diretório explorar. Os resultados são exibidos no relatório de Exploração. (P é uma variável especial que aponta para o último indicador plotado ou selecionado.) Fórmula MetaStock - Confiança (Soma (Mov (C (2,5 Sqrt (50 V)), 10, S) - LLV (Mov (C (2,5 Sqrt ( 50 V)), 10, S), 5), 3) Soma (HHV (Mov (C (2,5 Sqrt (50 V)), 10, S), 5) - LLV (Mov (C (2,5 Sqrt (50 V )), 10, S), 5), 3)) 100 MetaStock Indicator - Coppock Curve A Coppock Curve foi desenvolvida por Edwin Sedgwick Coppock em 1962. Apresentou-se na edição de novembro de 94 da Análise Técnica de Stocks amp Commodities. No artigo "The Coppock Curvequot". Escrito por Elliot Middleton. Tomado de Stock ampères Commodities, V. 12:11 (459-462): The Coppock Curve por Elliott Middleton Quais somos criaturas do hábito. Nós julgamos o mundo relativo ao que experimentamos. Se estivessem comprando uma hipoteca e as taxas estiveram nos adolescentes (como eram no início dos anos 80) e depois caíram para 10, estamos entusiasmados. Se, no entanto, eles estiveram às 8 e depois se elevam para 10, estamos desapontados. Tudo depende da sua perspectiva. O princípio do nível de adaptação aplica-se à forma como julgamos nossos níveis de renda, preços das ações e praticamente todas as outras variáveis ​​em nossas vidas. Psicologicamente, a relatividade prevalece. A média móvel é a forma mais simples de nível de adaptação. As regras de cruzamento média em movimento sinalizam com precisão o início de períodos de retornos fora da norma, seja positivo ou negativo. Isso torna os cruzamentos média móveis úteis para os comerciantes que desejam aumentar o ingresso ou a saída de ações ou fundos. O oscilador também é baseado no nível de adaptação, embora de uma maneira ligeiramente diferente. Os osciladores geralmente começam por calcular uma variação percentual do preço atual de algum preço anterior, onde o preço anterior é o nível de adaptação ou ponto de referência. A mente está em sintonia com as mudanças percentuais porque representam retornos. Se você comprou ações da Microsoft Corp. (MSFT) aos 50 anos e vai para 80, você faz 60 antes de dividendos. Se você comprou Berkshire Hathaway (BRK) em 4.000 e eleva-se para 4.030, o mesmo ganho de dólar, você faz 0,75 antes de dividendos. É a mudança percentual que conta. Relatividade novamente. Coppock reasoned that the markets emotional state could be determined by adding up the percentage changes over the recent past to get a sense of the markets momentum (and oscillators are generally momentum indicators ). So if we compare prices relative to a year ago - which happens to be the most common interval - and we see that this month the market is up 15 over a year ago, last month it was up 12.5 over a year ago, and 10, 7.5 and 5, respectively, the months before that, then we may judge that the market is gaining momentum and, like a trader watching for the upward crossover of the moving average, we may jump into the market. quot The MetaStock formula for the Coppock Curve is: where X is the number of Time Periods for the Oscillator and T X 2 1. For example, a 20 period DPO would be: X 20 T (202 1) 11 Close-Ref( Mov(Close, 20, Simple),11) MetaStock Indicator - Disparity Index Steve Nison refers to the his Disparity Index quotas a percentage display of the latest close to a chosen moving averagequot. This can be defined in MetaStock using the formula: ( ( C - Mov( C, X. ) ) Mov( C, X. ) ) 100 where X is the number of time periods and. is the calculation type of the moving average. ( ( C - Mov( C ,13,E ) ) Mov( C ,13,E ) ) 100 where X 13 time periods and. Média móvel exponencial. MetaStock Indicator - Displaying the Price of a Security in 32nds and 64ths All versions of MetaStock prior to our Windows software would need this formula. You can display your securitys prices in 32nds and 64ths, by using the following custom formulas. Once plotted these values will be displayed in the indicator window. INT( C ) ( ( FRAC( C ) .03125 ) 100 ) INT( C ) ( ( FRAC( C ) .015625 ) 100 ) Where C is for the securitys closing price and can be replaced with O, H, or L for the open, high, or low price instead. MetaStock Indicator - Divergence Between the Close and an Indicator The following formula will calculate the correlation of the Close and the MACD. It is written using a quotlong formquot MACD so that the time periods used by the MACD may be changed. This indicator shows quotdivergencequot between the close and the indicator: In the Windows versions of MetaStock the formula is: Correl(((Sum(Cum(1)(Mov(C,12,E)-Mov(C,26,E)),100))-(Sum(Cum(1),100) Sum((Mov(C,12,E)-Mov(C,26,E)),100)100))((Sum(Power(Cum(1),2),100))- (Power(Sum(Cum(1),100),2)100)),((Sum(Cum(1)C,100))-(Sum(Cum(1),100) Sum(C,100)100))((Sum(Power(Cum(1),2),100))-(Power(Sum(Cum(1),100),2)100)),12,0) The interpretation of the indicator output is as follows: - .08 (80) and lower is divergence between the Close and the MACD. - 1 is very strong divergence. 1 is very strong correlation. The formula was constructed this way so that most other indicators may be used in place of the MACD. For example here is the same indicator using the RSI(14): Correl(((Sum(Cum(1)(RSI(14)),100))-(Sum(Cum(1),100) Sum((RSI(14)),100)100))((Sum(Power(Cum(1),2),100))-(Power(Sum(Cum(1),100),2)100)), ((Sum(Cum(1)C,100))-(Sum(Cum(1),100)Sum(C,100)100))((Sum(Power(Cum(1),2),100))- (Power(Sum(Cum(1),100),2)100)),12,0) MetaStock Indicator - Dynamic Momentum Oscillator In July 1996 Futures magazine, E. Marshall Wall introduces the Dynamic Momentum Oscillator (Dynamo). Please refer to this article for interpretation. He describes the Dynamo Oscillator to be: Dynamo Mc - ( MAo - O ) where Mc the midpoint of the oscillator MAo a moving average of the oscillator O the oscillator This concept can be applied to most any oscillator to improve its results. Applying the Dynamo Oscillator to a 5-period K slowed 3 periods Stochastic Oscillator would give: where: Mc Stochastic Oscillators midpoint 50 MAo Moving average of the Stochastic Mov(Stoch(5,3),21,S O Stochastic Oscillator Stoch(5,3) This example applies it to an RSI oscillator: where: Mc RSIs midpoint 50 MAo Moving average of the RSI Mov(RSI(14),21,S O RSI Oscillator RSI(14) MetaStock Indicator - Elliot Oscillator MetaStock Indicator - End Point Moving Average The End Point Moving Average was introduced in the October 95 issue of Technical Analysis of Stocks amp Commodities in the article quot The End Point Moving Averagequot . by Patrick E. Lafferty. The exact formula for the End Point Moving average is as follows: ( 14 Sum( Cum( 1 ) C,14 ) - Sum( Cum( 1 ),14) Sum( C,14) ) (14 Sum( Pwr( Cum( 1 ),2),14 ) - Pwr( Sum( Cum( 1 ),14 ),2 ) ) Cum( 1 ) (Mov(C,14,S) - Mov( Cum( 1 ),14,S) (14 Sum( Cum( 1 ) C,14) - Sum( Cum( 1 ),14 ) Sum( C,14) ) (14 Sum( Pwr( Cum( 1 ),2 ),14) - Pwr( Sum( Cum( 1 ),14 ),2 ) ) ) The above formula plots the last value of a linear regression line of the previous 14 periods. The Time Series Forecast takes this value and the slope of the regression line to forecast the next day and then plots this forecasted price as todays value. Please note the above formula is using 14 regression periods. If you desire to use different time periods you must change all instances of the number 14 to the desired number of time periods. For interpretation refer to Mr. Laffertys article. MetaStock Indicator - End Points of a Linear Regression with Standard Deviations In MetaStock 5.x for Windows there is a way to plot the end points of a linear regression line with channels - 2 Standard Deviations. Here are the three formulas: Linear Regression (14): (14 Sum(Cum(1) C,14) - Sum(Cum(1),14) Sum(C,14)) (14 Sum(Pwr(Cum(1),2),14) - Pwr(Sum(Cum(1),14),2)) Cum(1) (Mov(C,14,S) - Mov(Cum(1),14,S) (14 Sum(Cum(1) C,14) - Sum(Cum(1),14) Sum(C,14))(14 Sum(Pwr(Cum(1),2),14) - Pwr(Sum(Cum(1),14),2))) Linear Regression Lower Band: Fml( quotLinear Regression (14)quot ) - 2 Stdev( Fml( quotLinear Regression (14)quot ) ,14) Linear Regression Upper: Fml( quotLinear Regression (14)quot ) 2 Stdev( Fml( quotLinear Regression (14)quot ) ,14) MetaStock Indicator - Plotting Alpha and Beta To plot Alpha and Beta in MetaStock follow the steps below. The custom indicator named Beta is required to plot Alpha. In the Windows versions of MetaStock: To plot Alpha: Create the custom formulas Alpha and Beta (see below for formula syntax). Open a chart of the desired security. Drag the price plot of the index you are comparing, into the chart of the security and close the chart of the index. Maximize the security chart if needed. Drag the custom indicator Alpha from the Quick List and drop it onto the price plot of the index. The index plot will turn a purplish color when you are plotting on top of it. Note, this formula is set to calculate Alpha over 21 periods. To change the time periods replace each instance of 21 in the formula with the desired number of periods and also change the time periods in the Beta custom indicator. ( Sum( ROC( CLOSE ,1 , ) ,21 ) - ( Fml( quotBetaquot ) Sum( ROC( INDICATOR,1,) ,21 ) ) ) 21 To plot Beta: Open a chart of the desired security. Drag the price plot of the index your comparing, into the chart of the security. Drag this custom indicator from the Quick List and drop it onto the price plot of the index. Note, this formula is set to calculate beta over 21 periods. To change the time periods replace each instance of 21 in the formula with the desired number of periods. ( ( 21 Sum( ROC( CLOSE ,1 , ) ROC( INDICATOR ,1 , ) ,21 ) ) - ( Sum( ROC( CLOSE ,1 , ) ,21) Sum( ROC( INDICATOR ,1 , ) ,21 ) ) ) ( (21 Sum( Pwr( ROC( INDICATOR ,1 , ) ,2 ) ,21 )) - Pwr( Sum( ROC( INDICATOR ,1 , ) ,21 ) ,2 )) Beta is a measure of volatility of one security against another. This is typically used to measure the volatility of a stock against an index like the SampP 500. A value greater than one indicates the stock is more volatile than the index. MetaStock Indicator - Polarized Fractual Efficiency The January 1994 issue of Stocks amp Commodities featured an article by Hans Hannula on Polarized Fractual Efficiency. Here is the custom formula for creating the five-period smoothed 10-day PFE using MetaStock: Mov(If(C, gt, Ref(C,-9),Sqr(Pwr(Roc(C,9,),2) Pwr(10,2)) Sum(Sqr(Pwr(Roc(C,1,),2)1),9),- Sqr(Pwr(Roc(C,9,),2) Pwr(10,2)) Sum(Sqr(Pwr(Roc(C,1,),2)1),9))100,5,E) MetaStock - Price Action Indicator (PAIN) If you were only given todays open, high, low and close, how could you make heads or tails of it The Price Action Indicator (PAIN) can help. The formula returns a single value that weighs intra-day momentum (C-O), Late Selling Pressure (LSP) (C-L), and Late Buying Pressure (LBP) (C-H). The formula is proven by constructing ideal limit-up and limit down scenarios in bond futures. The output is shown to be consistent with the interpretation of Japanese candlestick patterns. See Michael B. Geraty (1997). quotGetting Better Directionsquot Futures Vol. 26: Aug. MetaStock Indicator - Price Oscillator Wave MetaStock Indicator - Price Volume Rank Taken from Stocks amp Commodities, V. 12:6 (235-239): Price-Volume Rank by Anthony J. Macek quotImagine receiving a warning when the market was likely to collapse or being alerted when one of your favorite stocks was about to rally. What if these signals came from analysis that was simple enough to do without a computer and took only a few minutes a day to update, using just two pieces of information found in virtually any newspaper Is this a dream Maybe not. Anthony Macek explains. The old adage about keeping things simple applies even to the investment world. Methods of analysis such as polarized fractal efficiency and price oscillator divergences do a great job, but for those with neither the time nor the inclination to master the techniques necessary to monitor every blip and sputter that the market produces may be served just as well by noting only two very important market variables: price and volume. quot For interpretation refer to the June 94 issue of Technical Analysis of Stocks amp Commodities . You need to create all of the following custom formulas in order for the PV Rank to calculate properly. P-V Rank: Fml( quotPV1quot ) Fml( quotPV2quot ) PV1: If( C, gt, Ref( C ,-1 ),If( V, gt, Ref( V ,-1 ) ,1,If( V, lt, Ref(V ,-1 ) ,2 ,0 ) ) ,0 ) PV2: If( C, lt, Ref( C ,-1 ),If( V, lt, Ref( V ,-1 ) ,3,If( V, gt, Ref( V ,-1 ) ,4 ,0 ) ) ,0 ) PV Biggie: (This combines all formulas into one formula) If( C, gt, Ref( C ,-1 ),If( V, gt, Ref( V ,-1 ) ,1,If( V, lt, Ref( V ,-1 ) ,2 ,0 ) ),If( C, lt, Ref( C ,-1 ),If( V, lt, Ref( V ,-1 ) ,3,If( V, gt, Ref( V ,-1 ) ,4 ,0 ) ) ,0 ) ) MetaStock Indicator - Price Volume Trend Stochastic The following formulas, for the Random Walk Index, were constructed using information from the article quotAre There Persistent Cyclesquot . by E. Michael Poulos, in the September 1992 TASC. All formulas are needed. Random Walk Index: Max( ( Ref(HIGH,-1) - LOW ) ( ( Ref(Sum (Atr ( 1 ) ,2 ),-1) 2) Sqrt( 2 ) ),Max( (Ref(HIGH,-2) - LOW) ( ( Ref(Sum (Atr ( 1 ),3),-1) 3) Sqrt( 3 ) ), Max( (Ref(HIGH,-3) - LOW) ( (Ref(Sum (Atr( 1 ) ,4) ,-1) 4) Sqrt( 4 ) ). Max( ( Ref( HIGH,-4) - LOW) ( (Ref(Sum(Atr( 1 ),5),-1) 5) Sqrt( 5 ) ), Max( (Ref(HIGH,-5) - LOW) ( (Ref( Sum( Atr ( 1 ),6),-1) 6 ) Sqrt( 6 ) ), Max( ( Ref(HIGH,-6) - LOW) ( (Ref( Sum( Atr( 1 ),7),-1) 7) Sqrt( 7 ) ), Max((Ref(HIGH,-7)-LOW) ( (Ref(Sum (Atr( 1 ),8),-1) 8) Sqrt(8) ), (Ref(HIGH,-8)-LOW) ( (Ref(Sum (Atr (1),9),-1) 9) Sqrt( 9 ) ) ) ) ) ) ) ) ) MetaStock Formula - Rate of Change Since a Specific Date The following formula plots a percent rate of change between a specific date and today. The user is prompted for the specific date. This will only work in MetaStock for Windows 95NT version 6.5 (or higher) or in MetaStock Professional. Construct the formula in the Indicator Builder, giving it the name shown below in bold. All the text after quotFORMULA:quot and before quotEND OF FORMULAquot below should be placed in the Formula field in the Indicator Builder. Once the indicator has been created, you can drag it out of the Indicator Quicklist for placement in an inner-window of your chart. NAME: ROC Since a Date Day1 : Input(quotDayquot,1,31,4) Month1 : Input(quotMonthquot,1,12,1) Year1 : Input(quotYearquot,1900,2400,1999) 100 (CLOSE - ValueWhen(1,DayOfMonth() Day1 AND Month() Month1 AND Year() Year1, CLOSE)) ValueWhen(1,DayOfMonth() Day1 AND Month() Month1 AND Year() Year1,CLOSE) MetaStock Indicator - Recursive Moving Trend Average MetaStock Indicator - Regression Oscillator and SlopeClose Indicator In MetaStock 6.0 its easy to create the Regression Oscillator and the SlopeClose Indicator from Richard Goeddes article, quotMarket timing with the regression oscillatorquot, which appears in the March 97 issue of Technical Analysis Stocks and Commodities magazine . First choose Indicator Builder from the Tools menu and enter the following formulas: Regression Oscillator 100 (CLOSE LinearReg(CLOSE,63)-1) SlopeClose 10000 LinRegSlope(CLOSE,63)CLOSE Next drag each of these formulas from the Indicator QuickList and drop them on the heading of a chart. To create horizontal lines, click the right mouse button while the mouse pointer is positioned over the Regression Oscillator to display the shortcut menu. Choose Regression Oscillator Properties. On the Horizontal lines page add horizontal lines at 14, 0, and -14. You can use The Explorer to perform the screen mentioned in the article. First choose The Explorer from the Tools menu, next create a new Exploration with the following information: Column A Name: Reg Osc Formula: Fml(quotRegression Oscillatorquot) Column B Name: SlpCls Formula: Fml(quotSlopeClosequot) Filter Formula: ColB gt 50 and ColA gt-15 and ColA lt -5 Choose OK and then Explore to run the Exploration. For MetaStock for Windows 5.x users the instructions are the same except enter the following custom indicator in place the ones mentioned earlier. Regression Oscillator 100 (CLOSE ((63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2)) Cum(1) (Mov(C,63,S) - Mov(Cum(1),63,S) (63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2))))-1) SlopeClose 10000 ((63 Sum(Cum(1) C,63) - Sum(Cum(1),63) Sum(C,63)) (63 Sum(Pwr(Cum(1),2),63) - Pwr(Sum(Cum(1),63),2)))CLOSE MetaStock Indicator - Relative Strength Index (RSI) Custom This custom RSI will allow you to select which price data to use when you plot it. The standard RSI uses the close value as Welles Wilder did when he created the indicator. This custom indicator will allow you to use the other price fields including volume. B:Input(quotField: 1Close, 2Open, 3High, 4Low, 5Volumequot,1,5,1) MetaStock Indicator - Relative Volatility Index (RVI) The following formulas were taken from the article quotThe relative volatility index, quot written by Dorsey, Donald, in the June 93 issue of Technical Analysis of STOCKS amp COMMODITIES. Taken from Stocks amp Commodities, V. 11:6 (253-256): The Relative Volatility Index by Donald Dorsey quotThe RVI is simply the relative strength index (RSI) with the standard deviation over the past 10 days used in place of daily price change. Because most indicators use price change for their calculations, we need a confirming indicator that uses a different measurement to interpret market strength. The RVI measures the direction of volatility on a scale of zero to 100. Readings above 50 indicate that the volatility as measured by the 10-day standard deviation of the closing prices is more to the upside. Readings below 50 indicate that the direction of volatility is to the downside. The initial testing indicates that the RVI can be used wherever you might use the RSI and in the same way, but the specific purpose of this study is to measure the RVIs performance as a confirming indicator. quot The RVI was designed to measure the direction of volatility. It calculates price strength by measuring volatility rather than price change. All of the following formulas are required: For interpretation refer to the article quot Standard Error Bands quot, in the September 96 issue of TASC, written by Jon Anderson. 21 period Upper Band (smoothed): Mov((21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) Cum(1) (Mov(C,21,S) - Mov(Cum(1),21,S) (21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) 2(Sqrt(((Sum(Power(C,2),21)-(Power(Sum(C,21),2)21)) -((Sum(Cum(1)C,21))-((Sum(Cum(1),21)Sum(C,21)21))) ((Sum(Power(Cum(1),2),21))-(Power(Sum(Cum(1),21),2)21)) ((Sum(Cum(1)C,21))-((Sum(Cum(1),21)Sum(C,21)21)))) 19)),3,S) 21 period Lower Band (smoothed): Mov((21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) Cum(1) (Mov(C,21,S) - Mov(Cum(1),21,S) (21 Sum(Cum(1) C,21) - Sum(Cum(1),21) Sum(C,21)) (21 Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) - 2(Sqrt(((Sum(Power(C,2),21)-(Power(Sum(C,21),2)21)) -((Sum(Cum(1)C,21))- ((Sum(Cum(1),21) Sum(C,21)21))) ((Sum(Power(Cum (1),2),21))-(Power(Sum(Cum(1),21),2)21))((Sum(Cum(1)C,21))- ((Sum(Cum(1),21)Su m(C,21)21)))) 19)),3,S) MetaStock Indicator - Support and Resistance Think of security prices as the result of a head-to-head battle between a bull (the buyer) and a bear (the seller). Os touros empurram os preços mais altos e os ursos empurram os preços mais baixos. Os preços da direção realmente se movem revelam quem está ganhando a batalha. Os níveis de suporte indicam o preço em que a maioria dos investidores acredita que os preços se moverão mais alto e os níveis de resistência indicam o preço pelo qual a maioria dos investidores sentem que os preços se moverão mais baixos. To create the Support and Resistance indicator in MetaStock use the following custom formula: LookBack : Input(quotLook Back Periodsquot,1,1000,10) Resistance :ValueWhen(1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack)) Support :ValueWhen(1,Cross(C, Mov(C, LookBack, S)),LLV(L, LookBack)) Resistance Support To use this formula most effectively, use the parameters dialogue to change the style to a dotted line while increasing the line weighting. MetaStock Indicator - The New Advance Decline Line The formulas and steps necessary to do the New Advance - Decline Line from the September 1994 Technical Analysis of Stocks amp Commodities . page 14 by Daniel Downing are: Taken from Stocks amp Commodities, V. 12:9 (363-365): A New Advance-Decline Line by Daniel E. Downing quotHeres a trading tool that uses a unique version of the daily advance-decline line of the New York Stock Exchange (NYSE). This version helps in our short - and long-term trading of index options and stock index futures. It gives many good short-term trading signals and excellent but infrequent longer-term signals The philosophy behind this tool is that the short-term traders capital is finite and that traders have to reliquify their holdings after a period. Traders can buy and try to push the equities higher only so many times before they need to reliquify, just as only a finite amount of selling waves can take place before the sellers are out of supplies. A tool that points to when short-term traders need to reliquify their positions will also spot when the markets will soon reverse their trends. quot For the Windows versions of MetaStock: Load the advances Load the declines Drag the plot of the advances into the chart of the declines Plot the following custom formula directly on the plot of advances. Cum( If( P, gt ,1000,If(C, lt ,1000. 1 ,0 ),If( C, gt ,1000 ,-1 ,0 ) ) ) MetaStock Indicator - Tick Line Momentum Oscillator In his article quotUsing The Tick In A Short-Term Indicatorquot . in the January 94 issue of TASC . Daniel E. Downing presents the Tick Line Momentum Oscillator. Taken from Stocks amp Commodities, V. 12:1 (42-44): Using The Tick In A Short-Term Indicator by Daniel E. Downing quotThe tick index, the net difference of the numbers of stocks last traded on an uptick from those last traded on a downtick. is a well-known indicator, but its got a problem. The raw number result is volatile, perhaps too volatile for some. What to do here, then, is a way to smooth out the noise to identify short-term trading opportunities. The tick is a basic unit for the markets, watched with fascination during periods of turmoil and periods of enthusiasm. It is quoted throughout the day on most quote services. In addition, the closing tick value can be found on the market statistics pages of financial newspapers such as Barrons and The Wall Street Journal. Let me present, then, the tick line momentum oscillator, which is based on the closing value for the New York Stock Exchange (NYSE) tick indicator. The oscillator has been shown to have a good track record of determining when the NYSE is overbought or oversold on a short-term basis. The formula for the tick line momentum oscillator is simple and can be easily calculated without a computer, although a spreadsheet version can be found in the sidebar, quotTick line momentum. quot Finally, the oscillator is straightforward and simple to apply. quot The MetaStock formula for the Tick Line Momentum Oscillator is: Mov( ROC( Cum( If( C, gt, Ref( Mov(C ,10,E ) ,-1 ) ,1,If( C, lt, Ref( Mov( C ,10,E ) ,-1 ) ,- 1 ,0 ) ) ) ,5 , ) ,5,E ) For interpretation refer to Mr. Downings article. MetaStock Index - Trading Channel Index The Trading Channel Index comes from an early version of AIQs Stock Expert program. quotThe Trading Channel Index measures the location of average daily price relative to a smoothed average of average daily price. It is derived from the average difference between these two values. quot To create the Trading Channel Index in MetaStock create the following custom formulas: AP: Average price ( H L C ) 3 ESA: Smoothed price average Mov( Fml( quotAPquot ) ,10,E ) ( Mov( Ref( Fml( quotAPquot ) ,-1 ) ,10,E ) ) D: Price range estimate Mov( ( Fml( quotAPquot ) - Fml( quotESAquot ) ) ,10,E ) ( Mov( Ref( Fml( quotAPquot ) - Fml( quotESAquot ) ,-1 ) ,10,E ) ) CI: Channel index ( ( Fml( quotAPquot ) - Fml( quotESAquot ) ) ( 0.015 Fml( quotDquot ) ) ) TRADING CHANEL INDEX: Mov( Fml( quotCIquot ) ,21,E ) ( Mov( Ref( Fml( quotCIquot ) ,-1 ) ,21,E ) ) MetaStock Indicator - Trending Banding Mov(C,2,S)gt Mov(Mov(C,2,S),2,S) AND Mov(Mov(C,2,S),2,S)gt Mov(Mov(Mov(C,2,S),2,S),2,S) AND Mov(Mov(Mov(C,2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mo v(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) AND Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)ANDMov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)gt Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) MetaStock Indicator - Trendline Formula MetaStock Formula - Freeburg Precious Metal Switch Fund System To create the Freeburg Precious Metal Switch Fund system in MetaStock for Windows, you must first create the K ratio as a composite security. To do this, launch The Downloader from MetaStock, and choose New and then Composite from The Downloaders File menu. Make sure the directory specified is the directory where your weekly GMI and Handy and Harman data are located. Name the composite the K ratio, then choose the Barrons Gold Mining Index as the Primary symbol and Handy and Harman prices as the secondary symbol. Next, choose Divide as the Operator and the click the OK button to add the composite. Open the K ratio chart in MetaStock, Plot the Bollinger Bands Indicator and enter 46 for the number of periods and 2.3 for the standard deviations. Plot Bollinger Bands again and enter 4 for the periods and 1.6 for the Standard Deviations. Your chart should look like the one in Figure. You can also create this system in MetaStock for Dos with the same steps. The data necessary for this chartindicator, is extremely difficult to obtain. The only source we are aware of on diskette is the author of the article. The data is in a Lotus spreadsheet. It must be output to ASCII and then converted to MetaStock data files. He will make a small charge for this data. To keep the GMI data updated, it is only available from Barrons magazine and must be manually input. The Handy amp Harman data must also be manually updated. This may be obtained from the Wall Street Journal as well. MetaStock Formula - Rainbow Charts To create Rainbow Charts in MetaStock for Windows, open any chart, drop the moving average indicator from the Indicator QuickList, and drop it in the same inner windows as the price bars. Enter two for the Periods and simple for the Method. Next plot a second moving average on the first moving average by dragging a moving average from the QuickList and dropping it on the first moving average (Note: The first moving average should turn light purple before you release the mouse button). If you dropped it correctly the Parameters dialog should say Indicator for the Price Field. Click OK to accept two periods and simple as the parameters. Change the color of this moving average as desired. Now plot a third moving average of the second moving average by repeating these steps. Continue this until you have ten moving averages. Choose Yes if MetaStock prompts you about plotting a duplicate indicator. Next choose Indicator Builder from the Tools menu and enter the following formulas. Max(Mov(C,2,S), Max(Mov(Mov(C,2,S),2,S), Max(Mov(Mov(Mov(C,2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Max(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)))))))))) Min(Mov(C,2,S), Min(Mov(Mov(C,2,S),2,S), Min(Mov(Mov(Mov(C,2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S), Min(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S) ,2,S),2,S),2,S),2,S),2,S),2,S),2,S), Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)))))))))) 100 (CLOSE - ((Mov(C,2,S) Mov(Mov(C,2,S),2,S) Mov(Mov(Mov(C,2,S),2,S),2,S) Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S) Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(Mov(C,2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S),2,S)) 10))(HHV(C,10)-LLV(C,10)) -100 (Fml(quotRainbow Maxquot) - Fml(quotRainbow Minquot)) (HHV(C,10) - LLV(C,10)) 100 (Fml(quotRainbow Maxquot) - Fml(quotRainbow Minquot)) (HHV(C,10) - LLV(C,10)) Plot the Rainbow Oscillator in a new inner window of your chart with the ten moving averages, by dropping the custom indicator from the QuickList onto the charts heading. Right click on the Rainbow Oscillator and choose properties, then change the Style to a histogram. Now plot the Lower Rainbow Band and the Upper Rainbow Band in the same inner window as the Rainbow Oscillator. If the scaling dialog appears when plotting these indicators, choose Merge with Scale on Right. Change the colors of the Upper and Lower Rainbow Bands as desired. Now save this as a new template by choosing Save As from the File Menu and changing the File Type to template, so you can easily apply it to any chart. MetaStock Formula - Fibonacci Ratios and Momentum In MetaStock for Windows, you can establish Fibonacci Retracement levels as outlined in the November 1997 TASC article quotUsing Fibonacci Ratios and Momentumquot by Thom Hartle by first creating an Expert in the Expert Advisor. To do this, choose Expert Advisor from the Tools menu and then choose New. Enter the following Expert Highlights and Expert Symbols into your Expert. Fibonacci Ratios and Momentum Condition: RSI(14) gt 50 Label: Isolated High Note: If the Symbol labels make the chart too busy you may want to shorten the label (e. g. change Isolated High to IH). Next, close the Expert Advisor, open any chart, and then click the right-mouse button on the charts heading. Choose Expert Advisor and then Attach from the Chart Shortcut Menu. You can now choose Fibonacci Retracement from the Insert menu, and then drag from one isolated extreme to another. In MetaStock 6.5 you should right-click on the Fibonacci Retracement lines and choose properties. Check the Snap to Price checkbox so the Retracement lines will automatically snap to the high and low prices. If you followed these steps correctly, your chart should look like the chart below MetaStock Formula - Volatility Indicator You can easily create the Volatility Indicator from William Browers article in MetaStock for Windows. First choose Indicator Builder from the Tools menu in MetaStock. Next choose New and enter one of the following formulas: Formula for MetaStock Lookback : Input(quotTime Periodsquot,1,1000,50) HighVolatility : Input(quotHigh Volatility quot,.01,100,3) 100 Sum(100 ATR(1)CLOSE gt HighVolatility, Lookback)Lookback Formula for earlier versions of MetaStock for Windows 100 Sum(100 ATR(1)CLOSE gt 3, 50)50 Now drag the Volatility from the Indicator QuickList and drop it on the desired chart. Allan McNichol Equis International MetaStock Formula - Breaking out of Price Channels Breaking out of Price Channels, by Gerald Marisch, quotTechnical Analysis of Stocks amp Commoditiesquot, January 1998, page 93. quotHeres a technique based upon Tushar Chandes variable-length moving average. The indicator is more responsive to market price movements than a conventional simple or exponential moving average, and can be used for position trading. quot The following formula will match the authors slight modification to the variable moving average: VIDYA 21,5 Indicator MetaStock Formula - Smoothing Techniques for More Accurate Signals The following MetaStock formulas are from the 1998 January TASC article quot Smoothing Techniques for more Accurate Signalsquot . by Tim Tillson. Refer to his article for interpretation. Mais técnicas sofisticadas de suavização podem ser usadas para determinar a tendência do mercado. Better trend recognition can be lead to more accurate trading signals. quot Periods:Input(quotPeriodsquot,2,63,11) Size:LastValue(Cum(1)) Start:LastValue(Ref(Mov(P, Periods, S),Periods-Size)) Cum(LinRegSlope(P, Periods))Start Periods:Input(quotPeriodsquot,1,63,5) a:Input(quotHotquot,0,2,.7) e1:Mov(P, Periods, E) e2:Mov(e1,Periods, E) e3:Mov(e2,Periods, E) e4:Mov(e3,Periods, E) e5:Mov(e4,Periods, E) e6:Mov(e5,Periods, E) c1:-aaa c2:3aa3aaa c3:-6aa-3a-3aaa c4:13aaaa3aa c1e6c2e5c3e4c4e3 MetaStock Formula - Anchored Momentum The four indicators in Rudy Stefenels article quotAnchored Momentumquot can be easily created in MetaStock. First, choose Indicator Builder from the Tools menu. If you have MetaStock 6.5 enter the following formulas: General Anchored Momentum w Exponential Smoothing MomPer : Input(quotMomentum Periodsquot,1,1000,10) SmaPer : Input(quotSimple Moving Average Periodsquot,1,1000,7) EmaPer : Input(quotExponential Moving Average Periodsquot,1,1000,7) 100 ((Mov(CLOSE, EMAPer, E) Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)2) MetaStock Formula - Double Tops and Double Bottoms In the February 1998 issue of Technical Analysis of Stocks amp Commodities magazine, Thomas Bulkowski discusses the use of Double Bottoms as a means of finding profitable trades. In MetaStock for Windows, you can find both Double Tops and Double Bottoms with these formulas. There is a caveat however. In the article, Mr. Bulkowski utilizes the High-Low range in finding Double Bottoms. These formulas use only the close value, so a few of the lower priced issues will not produce signals in MetaStock. Overall, however, these formulas produce most of the major signals he discusses. PK:Z ig(C,10,)ltRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)gtRef(Zig(C,10,),-2) TR:Zig(C,10,)gtRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)ltRef(Zig(C,10,),-2) (ValueWhen(1,PK, Ref(C,-1))ValueWhen(2,PK, Ref(C,-1))gt.96 AND ValueWhen(1,PK, Ref(C,-1)) ValueWhen(2,PK, Ref(C,-1))lt1.04) AND PK2-PK1gt10 AND Cross(ValueWhen(1,TR, Ref(C,-1)),C) PK:Zig(C,10,)ltRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)gtRef(Zig(C,10,),-2) TR:Zig(C,10,)gtRef(Zig(C,10,),-1) AND Ref(Zig(C,10,),-1)ltRef(Zig(C,10,),-2) (ValueWhen(1,TR, Ref(C,-1))ValueWhen(2,TR, Ref(C,-1))gt.96 AND ValueWhen(1,TR, Ref(C,-1)) ValueWhen(2,TR, Ref(C,-1))lt1.04) AND TR2-TR1gt10 AND Cross(C, ValueWhen(1,PK, Ref(C,-1))) MetaStock Formula - Adaptive Moving Average In MetaStock 6.5 you can easily create the Perry Kaufman Adaptive Moving Average system. With MetaStock 6.5 running, choose Indicator Builder from the Tools menu and then click on the New button. Enter the following formulas. Adaptive Moving Average Binary Wave Periods : Input(quotTime Periodsquot,1,1000, 10) Direction : CLOSE - Ref(Close,-periods) SSC : ER (FastSC - SlowSC) SlowSC AMA : If(Cum(1) periods 1, ref(Close,-1) constant (CLOSE - ref(Close,-1)),Prev constant (CLOSE - PREV)) FilterPercent : Input(quotFilter Percentagequot, 0,100,15)100 Filter : FilterPercent Std(AMA - Ref(AMA,-1),Periods) AMALow : If(AMA lt Ref(AMA,-1),AMA, PREV) AMAHigh : If(AMA gt Ref(AMA,-1),AMA, PREV) If(AMA - AMALow gt Filter, 1 , If(AMAHigh - AMA gt Filter, -1 , 0 )) AMA : If(Cum(1) periods 1, ref(Close,-1) constant (CLOSE - ref(Close,-1)),Prev constant (CLOSE - PREV)) If you want to see the Adaptive Moving Average, just plot it on any chart. If you want to see the buy and sell signals of the Adaptive Moving Average system plot the Adaptive Moving Average Binary wave. This binary wave plots a 1 when there is a buy signal, a 1 when there is a sell signal and a zero when there is no signal. MetaStock Formula - Automatic Support and Resistance Copied from Technical Analysis of Stocks and Commodities Magazine. This is in regards to an article on page 51 of the May 1998 issue. In my article quotAutomatic support and resistancequot in this issue, I present a computerized approach to finding support and resistance levels on a chart. To recreate the indicators and system described in my article using MetaStock for Windows, enter the following formulas: S1: IF(Ref(LOW,-4)LLV(LOW,9),Ref(LOW,-4),PREVIOUS) S2: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS1quot),-1)) S3: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS2quot),-1)) S4: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS3quot),-1)) S5: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS4quot),-1)) S6: IF(Fml(quotS1quot)Ref(Fml(quotS1quot),-1),PREVIOUS, Ref(Fml(quotS5quot),-1)) WSO: 100(1(Int(Fml(quotS1quot)CLOSE)Int(Fml(quotS2quot)CLOSE)Int(Fml(quotS3quot)CLOSE)Int(Fml(quotS4quot)CLOSE) Int(Fml(quotS5quot)CLOSE)Int(Fml(quotS6quot)CLOSE))6) R1: IF(Ref(HIGH,-4)HHV(HIGH,9),Ref(HIGH,-4),PREVIOUS) R2: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR1quot),-1)) R3: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR2quot),-1)) R4: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PR EVIOUS, Ref(Fml(quotR3quot),-1)) R5: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR4quot),-1)) R6: IF(Fml(quotR1quot)Ref(Fml(quotR1quot),-1),PREVIOUS, Ref(Fml(quotR5quot),-1)) WRO: 100(1(Int(Fml(quotR1quot)CLOSE)Int(Fml(quotR2quot)CLOSE) Int(Fml(quotR3quot)CLOSE)Int(Fml(quotR4quot)CLOSE) Int(Fml(quotR5quot)CLOSE)Int(Fml(quotR6quot)CLOSE))6) The indicators S1 through S6 and R1 through R6 should be plotted as points and not as a continuous line. Trading System Formulas and Parameters: Enter long positions on either building support or sustained uptrend and exit position using stops. No short positions. Enter Long: Fml(quotWSOquot) gt Mov( Fml(quotWSOquot). 4. S ) OR Mov( Fml(quotWROquot). 30. S ) gt 95 Breakeven stop: Floor level at 2 Trailing stop: Profit risk of 10 Percent, ignoring 10 periods Maximum loss stop: Maximum loss of 7 Initial equity 1000, Long positions only, Trade price close, Trade delay 0, Entry commission 0, Exit commission 0. Interest rate 5, Margin req. 100 MetaStock Formula - Muted Variables, Volatility, and a New Market Paradigm Mutated Variables, Volatility and a New Market Paradigm by Walter T. Downs, Ph. D. In MetaStock for Windows 6.0 or higher, use the Expert Advisor to create highlights, which will show when contraction and expansion phases are present. First, choose Expert Advisor from the tools menu in MetaStock. Create a new Expert with the following highlights: Expert name: New Market Paradigm Highlights Name: Contraction Condition: BBandTop(CLOSE,28,SIMPLE,2)lt Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND BBandBot(CLOSE,28,SIMPLE,2)gtRef(BBandBot(CLOSE,28,SIMPLE,2),-1) Color: Blue Name: Expansion Condition: BBandTop(CLOSE,28,SIMPLE,2)gt Ref(BBandTop(CLOSE,28,SIMPLE,2),-1) AND BBandBot(CLOSE,28,SIMPLE,2)ltRef(BBandBot(CLOSE,28,SIMPLE,2),-1) Color: Red Click OK to save the changes to the Expert. Open a chart and then click your right-mouse button while pointing at the chart heading. Choose Expert Advisor and then choose Attach from the chart shortcut menu. Choose the New Market Paradigm Expert and then click the OK button. The price bars in the chart will be highlighted blue during a contraction phase and red in an expansion phase. MetaStock Formula - Channel Analysis Channel Analysis, beginning on page 18 of the July 1998 Technical Analysis of Stocks amp Commodities Magazine Its quite easy to create the Trend Channels discussed in Thom Hartles Channel Analysis article in MetaStock for Windows. After opening a chart, you may want to zoom in a little to make it easier to draw the Trend Channels more precisely. You can do this by clicking on the quotquot button located on the Chart Toolbar at the bottom of the chart. Next you may want to identify the bars for the support or resistant points by drawing circles on the bars as Mr. Hartle did in the article, or you can use symbols from the symbol palette. Both can be chosen from the Drawing Toolbar which is on left side of the chart. After identifying the points to draw the trendline, click on the Trendline button, also located on the Drawing Toolbar, and draw the trendline between the closing prices of the two bars. If you are using MetaStock 6.5, you may want to right-click on the trendline, choose properties, and then check the Snap to Price checkbox. This will make the trendline line up exactly with the closing prices. To create the second trendline of the Trend Channel, right-click on the first trendline and choose Create Parallel Line. Drag this parallel line so it aligns with the highest high between the two support points or the lowest low between two resistance points. If desired, you can go to the properties of each of these trendlines and choose to extend the lines to the right. MetaStock Formula - A Volatility Trade in Gold quotA Volatility Trade In Goldquot by David S. Landry, CTA, Technical Analysis of Stocks amp Commodities, page 87. In this article the author gives formulas for three indicators MetaStock. The formulas as given will work in all versions of MetaStock. However, there is an error in the formula the author names Volatility 12 EMA. The formula should be: Mov((Fml(quotCONHV4quot) Fml(quotCONHV6quot) Fml(quotCONHV10quot))3,12,e) Here are formulas for version 6.5 of MetaStock for Windows. These formulas use Inputs which allow you to select the time periods when you plot the formulas. David Landry Historical Volatility Num:Input(quotNumber Of Periods For Numeratorquot,1,100,4) Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) (Log(CRef(C,-1)),Num)Std(Log(CRef(C,-1)),Den) David Landry Average Historical Volatility Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) ((Std(Log(CRef(C,-1)),4)Std(Log(CRef(C,-1)),Den))(Std(Log(CRef(C,-1)),6)Std(Log(CRef(C,-1)),Den))(Std(Log(CRef(C,-1)),10)Std(Log(CRef(C,-1)),Den)))3 David Landry EMA of Historical Volatility Den:Input(quotNumber Of Periods For Denominatorquot,2,1000,100) EMA:Input(quotNumber Of Periods For EMAquot,2,100,12) Mov(((Std(Log(CRef(C,-1)),4)Std(Log(CRef(C,-1)),Den))(Std(Log(CRef(C,-1)),6)Std(Log(CRef(C,-1)),Den))(Std(Log(CRef(C,-1)),10)Std(Log(CRef(C,-1)),Den)))3,LastValue(EMA),E) Note: Standard deviation information was not included here because the way these formulas are being used, any standard deviation being used would return an identical value as 1 standard deviation. MetaStock Formula - From Terms to Technical Tools In Walter Downs article quotFrom Terms To Technical Toolsquot he introduces the Point of Balance Oscillator, two conditions to color bars and two system tests. All of these can be created quite easily in MetaStock 6.5. To create the Point of Balance Oscillator, choose Indicator Builder from the Tools menu, click on the New button, and enter the following formula: Point of Balance Oscillator n : Input(quotTime Periodsquot,1,100,12)2 POBC1 : (HHV(CLOSE, n) LLV(CLOSE, n))2 POBC2 : (HHV(POBC1, n) LLV(POBC1,n))2 POBC3 : (HHV(POBC2, n) LLV(POBC2,n))2 POBC4 : (HHV(POBC3, n) LLV(POBC3,n))2 POBC5 : (HHV(POBC4, n) LLV(POBC4,n))2 POBC6 : (HHV(POBC5, n) LLV(POBC5,n))2 POBC7 : (HHV(POBC6, n) LLV(POBC6,n))2 POBC8 : (HHV(POBC7, n) LLV(POBC7,n))2 POBC9 : (HHV(POBC8, n) LLV(POBC8,n))2 POBC10 : (HHV(POBC9, n) LLV(POBC9,n))2 AV : (POBC1 POBC2 POBC3 POBC4 POBC5 POBC6 POBC7 POBC8 POBC9 POBC10) 10 POBCOsc : 100 ((CLOSE - AV) (HHV(CLOSE, 10)-LLV(CLOSE, 10))) To highlight bars based on the Bull Fear and Bear Fear conditions discussed in the article, choose Expert Advisor from the Tools menu, click on the New button and enter the following expert: Bull Fear and Bear Fear Expert HIGHLIGHTS Name: Bull Fear Condition: n : 12 BullFear : (HHV(HIGH, n) - LLV(HIGH, n))2 LLV(HIGH, n) CLOSE gt BullFear Color: Blue Name: Bear Fear Condition: n : 12 BearFear : (HHV(LOW, n) - LLV(LOW, n))2 LLV(LOW, n) CLOSE lt BearFear Color: Red To test the two systems discussed in the article, choose System Tester from the Tools menu and enter both of the following systems: Bull and Bear Fear System Test MetaStock Formula - Simple Moving Average with Resistance and Support In this issue, Dennis L. Tilley uses support and resistance to confirm price and SMA crossover signals in his article quotSimple Moving Average with Resistance and Supportquot. In MetaStock for Windows, you can easily recreate the SMARS Indicators discussed in Tilleys article. First, choose Indicator Builder from the Tools menu in MetaStock 6.5. Next, choose New and enter the following formulas: Resistance and Support LookBack : Input(quotLook Back Periodsquot,1,1000,10) Resistance :ValueWhen(1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack)) Support :ValueWhen(1,Cross(C, Mov(C, LookBack, S)),LLV(L, LookBack)) Resistance and Support F LookBack: Input(quotLook Back Periodsquot,1,1000,10) Note It is much easier to see the difference between the actual quotResistance and Supportquot lines and the quot Resistance and Support F quot lines if you change the color andor style of one of them. Para exibir os indicadores no MetaStock 6.5 Arraste o indicador QuotMoving Averagequot do Indicator QuickList para a janela de preços. Escolha Simples como método, insira os períodos de tempo e clique em OK. Agora, arraste o indicador quotResistance e Supportquot da QuickList para a janela de preços. Você será solicitado a inserir os períodos quotLook Backquot. Você deve selecionar os mesmos períodos de tempo usados ​​com o quotMoving Averagequot. Finalmente, arraste o indicador QuotResistance e Support Fquot para a janela de preços. Você será solicitado a inserir o quotPercentagequot e os períodos quotLook Backquot. Se você quiser que o indicador seja uma diferença de 10 a partir da linha QuotResistance e Supportquot, você entraria 10. Você deve selecionar os mesmos períodos de tempo usados ​​com o quotMoving Averagequot. Allan McNichol Equis International MetaStock Formulas - Combining Statistical and Pattern Analysis Shark 32 In MetaStock for Windows you can use the Expert Advisor to recreate the quotShark 32quot signals on your charts as discussed in Walter T. Downs article quotCombining Statistical and Pattern Analysisquot. First, choose Expert Advisor from the Tools menu in MetaStock 6.5. Next, choose New and enter the following formulas: Click the Name tab and enter quotShark 32quot in the Name field. Click the Trends tab and enter the following formulas in the Bullish and Bearish fields. Click the Highlights tab, choose New, and enter quot3 rd Barquot in the Name field. Agora altere a cor no campo Cor para Azul. Finalmente, insira a seguinte fórmula no campo Condição e, em seguida, escolha OK. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Using the same method as above, enter the following 2 highlight formulas. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(Apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Click the Symbols tab, choose New and enter quotShark Buyquot in the Name field. Agora, digite a seguinte fórmula no campo Condição. Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Buy: Buyok1 AND Ref(Chk,-1)0 AND ValidChk1 Click the Graphic tab. Mude o símbolo no campo Gráfico para comprar seta. Now change the color in the Color field to Green. Finally, type quotBuyquot in the Label field, and then choose OK. Usando o mesmo método acima, digite a seguinte fórmula de símbolo. Name: Shark Sell Shark:If((HltRef(H,-1) AND LgtRef(L,-1) AND Ref(H,-1)ltRef(H,-2) AND Ref(L,-1)gtRef(L,-2))1,If(apex lt (Ref(H,-2)-(WBSymmetry)) AND Apex gt (Ref(L,-2)(WBSymmetry)) ,1,0),0) Note The above ValidChk variable makes the Shark signal valid for 25 periods. If the price does not cross below the Low value of the base within 25 periods, you will not receive a signal. You can change the number of periods by changing 25 to the number of periods you desire. Sell: Sellok1 AND Ref(Chk,-1)0 AND ValidChk1 Symbol: Sell Arrow After you have finished creating the Symbol formulas, you can attach the Expert to your chart by choosing Expert Advisor from the Tools Menu. Select the Expert called quotShark 32quot from your list of Experts, choose Attach, and then Close. MetaStock Formula - Better Bollinger Bands In an article in Futures Magazine, October 1998, Dennis McNicholl describes the use of Bollinger Bands and provides a means of making them tighter when markets are trending. He calls them Better Bollinger Bands. Here is the formula for MetaStock 6.5 or higher. pds:Input(quotPeriodsquot,2,200,20) sd:Input(quotStandard Deviationsquot,.01,10,2) alpha:2(pds1) mt:alphaC(1-alpha)(If(Cum(1)ltpds, C,PREV)) ut:alphamt(1-alpha)(If(Cum(1)ltpds, C,PREV)) dt:((2-alpha)mt-ut)(1-alpha) mt2:alphaAbs(C-dt)(1-alpha)PREV ut2:alphamt2(1-alpha)PREV dt2:((2-alpha)mt2-ut2)(1-alpha) but:dtsddt2 blt:dt-sddt2 dt but blt MetaStock Formula - Dynamic Multiple Time Frames Here are the formulas described in the 1999 bonus issue of quotTechnical Analysis of Stocks amp Commoditiesquot magazine in the article quotDynamic Multiple Time Framesquot, p 45. All formulas are written to use daily data. The lines are plotted as described in the article, with the fixed lines only changing their values on the first day of each week. A sixth formula, Tendency, was added to indicate which way the price will tend to move, based on the relationship between the Friday close and the fixed balance point. This formula plots a value on Thursday and on Friday just in case Friday is a market holiday. On every trading week which includes Friday data, ignore the Thursday value. A value of 1 means prices will tend up first and a value of -1 means they will tend down Variables were used in places to simplify the formulas and to allow the referencing of certain values in formulas that plot multiple lines. Dynamic Balance Point Ref( HHV(H,5)LLV(L,5)C, -1)3 MetaStock Formula - quotHow Smooth is Your Data Smootherquot (Sine-Wave Weighted Moving Average) The article quotHow Smooth is Your Data Smootherquot, by Patrick E. Lafferty, reviews different types of moving averages, including a Sine-Weighted Moving Average. The Sine-Weighted Moving Average can easily be created in MetaStock 6.5 or higher. In MetaStock select the quotIndicator Builderquot from the quotToolsquot menu. In the Indicator Builder click quotNewquot and enter the name (shown below in Bold font) in the Name field. Then place the formula (all the text after quotFORMULA:quot and before quotEND OF FORMULAquot) in the Formula field in the Indicator Builder: NAME: Sine-Weighted Moving Average PI:3.1415926 SD:1806 S1:Sin(11806)C S2:Sin(21806)Ref(C,-1) S3:Sin(31806)Ref(C,-2) S4:Sin(41806)Ref(C,-3) S5:Sin(51806)Ref(C,-4) Num:S1S2S3S4S5 Den:Sin(SD)Sin(2SD)Sin(3SD)Sin(4SD)Sin(5SD) Next, click OK and Close out of the Indicator Builder. Open a chart and plot the new formula by dragging it from the Indicator QuickList or by using quotIndicatorsquot from the quotInsertquot menu. Formula by Cheryl Elton, Equis International Many securities, particularly futures, show a tendency to move in cyclical patterns. Price changes can often be anticipated at key cyclical intervals. Cycles allow us to accurately predict events in nature: bird migrations, the tides, planetary movements, etc. You can also use cycle analysis to predict changes in financial markets, although not always with the accuracy found in nature. We know that prices are a consensus of human expectations. These expectations are always changing, and causing prices to oscillate between overbought and oversold levels. Fluctuations in prices are a natural process of changing expectations and lead to cyclical patterns. An obvious example of a cyclical pattern is shown in a chart of a sine wave. Although security prices rarely move with this degree of predictability, even a quick glance at many security charts is enough to see evidence of some type of cyclical pattern. Cycle Line tools allow you to place equally spaced vertical lines on a chart. Since you can control the spacing between the cycle lines, you may be able to visually extrapolate the cycles evident in a plot. If you extend the right margin of a chart, the cycle lines will extend into the future. This can help you anticipate when the next peak or trough of a cycle may occur. Detrended Price Oscillator The Detrended Price Oscillator (DPO) is an indicator that attempts to eliminate the trend in prices. Detrended prices allow you to more easily identify cycles and overboughtoversold levels. The calculation is quite simple you simply center an x-period moving average by shifting it back x2 1 periods. This centered moving average is then subtracted from the close. The result is an oscillator that crosses above and below zero. Since the DPO is shifted back quotx2 1quot periods, the last quotx2 1quot periods will have no values. MetaStock Pro prompts you to enter the number of periods. The value entered should be the approximate length of the cycle you wish to identify. Cycles longer than the number of periods you enter will not be shown. The default value is 20. Long-term cycles are made up of a series of short-term cycles. Analyzing these shorter term components of the long-term cycles can be helpful in identifying major turning points in the longer term cycle. The DPO is helpful in recognizing the underlying cyclical components of the price action. Leonardo Fibonacci was an important mathematician who was born in Italy around the year 1170. It is rumored that Fibonacci discovered the relationship of what are now referred to as Fibonacci numbers while studying the Great Pyramid of Giza in Egypt. Fibonacci numbers are a sequence of numbers in which each successive number is the sum of the two previous numbers: 1, 1, 2, 3, 5, 8, 13, 21, 34, 55, 89, 144, 233, 377, 610, etc. These numbers possess an intriguing number of interrelationships, such as the fact that any given number is approximately 1.618 times the preceding number and any given number is approximately 0.618 times the following number. MetaStock Pro has four Fibonacci studies: arcs, fans, retracements, and time zones. The general interpretation of the Fibonacci studies involves the anticipation of a change in trend as prices near the lines created by the Fibonacci studies. Arcs The calculation and interpretation of Fibonacci Arcs is similar to that of Fibonacci Fan Lines. First, a trendline is drawn between two extreme points. MetaStock Pro then draws three arcs, centered on the second extreme point, that intersect the trendline drawn between the two extreme points at the Fibonacci levels of 38.2, 50.0, and 61.8. The interpretation of Fibonacci Arcs involves looking for, or anticipating, support and resistance as prices approach the arcs. A common technique is to display both Fibonacci Arcs and Fibonacci Fan Lines and to anticipate supportresistance at the points where the Fibonacci studies cross. The points where the Arcs cross the price data will vary depending on the scaling, because the Arcs are drawn so they always appear circular relative to the computer screen. Fans Fibonacci Fan Lines are displayed by first drawing a trendline between two extreme points. MetaStock Pro then draws an invisible vertical line through the second extreme point. This vertical line is then divided at the Fibonacci levels of 38.2, 50.0, and 61.8. Finally, three trendlines are drawn from the first extreme point so they pass through the invisible vertical line at the above three levels. (This technique is similar to the method used to calculate Speed Resistance Lines.) Retracements Fibonacci Retracements are displayed by first drawing a trendline between two extreme points (i. e. a significant trough and peak). After selecting Fibonacci Retracement from the Insert menu, a series of up to nine horizontal lines will be drawn at the Fibonacci levels of 0.0, 23.6, 38.2, 50.0, 61.8, 100, 161.8, 261.8, and 423.6. After a significant move (either up or down), prices will often rebound and retrace a significant portion (if not all) of the original move. As the price retraces, support and resistance levels will often occur at or near the Fibonacci Retracement levels. Time Zones The Fibonacci Time Zones command displays vertical lines at the Fibonacci intervals of 1, 2, 3, 5, 8, 13, 21, 34, etc. The interpretation of Fibonacci Time Zones involves looking for significant changes in price near the vertical lines. It is beyond the scope of this website to provide a full explanation of Fourier analysis. Further information can be found in Technical Analysis of Stocks amp Commodities magazine (TASC), Volume One issues 2, 4, and 7 Volume Two issue 4 Volume Three issues 2 and 7 (Understanding Cycles) Volume Four issue 6 Volume Five issues 3 (In Search of the Cause of Cycles) and 5 (Cycles and Chart Patterns) and Volume Six issue 11 (Cycles). Fourier Transforms were originally developed as an engineering tool to study repetitious (cyclical) phenomena such as the vibration of a stringed musical instrument or an airplane wing during flight. The complete analysis concept is called spectral analysis. Fast Fourier Transform (FFT) is an abbreviated calculation that computes in seconds rather than minutes. The FFT sacrifices phase relationships and concentrates only on cycle length and amplitude (strength). The benefit of FFT is its ability to extract the predominate cycle(s) from a series of data (e. g. an indicator or a securitys price). FFTs are based on the principal that any finite, time-ordered set of data can be approximated arbitrarily well by decomposing the data into a set of sine waves. Each sine wave has a specific cycle length, amplitude, and phase relationship to the other sine waves. Problems occur when applying FFT analysis to security price data because FFTs were designed to be applied to non-trending, periodic data (whereas security price data tends to be trending). This is overcome by quotdetrendingquot the data using either a linear regression trendline or a moving average. Security data is not truly periodic, since securities are not traded on weekends and some holidays. MetaStock Pro removes these discontinuities by passing the data through a smoothing function called a quothamming window. quot As stated at the beginning of this section, it is beyond the scope of this website to provide complete interpretation of FFT analysis. The remainder of this section explains the interpretation of MetaStock Pro s Interpreted FFT. The Interpreted FFT displays an indicator that shows the three predominate cycle lengths and the relative strength (i. e. the relative amplitudes) of the cycles. The Interpreted FFT indicator is always displayed from the most significant cycle to the least significant cycle. The longer the indicator remains at a specific cycle length, the more predominate it was in the data being analyzed. Once you know the predominate cycle length, you may want to use it as a parameter for other indicators. For moving averages, use 12 of the cycle length for the optimum number of periods. For example, if you know that a security has a 40-day cycle, you may want to plot a 20-day moving average. The MESA Sinewave indicator was developed by recognized cycle specialist John Ehlers. The MESA Sinewave indicator looks like a sinewave when the market is in a cycle mode and tends to wander when the market is in a trend mode. The MESA Sinewave indicator anticipates cycle mode turning points rather than waiting for confirmation as is done with most oscillators. The MESA Sinewave indicator has the additional advantage that trend mode whipsaw signals are minimized. The Sine Wave indicator was introduced in the November 1996 issue of Technical Analysis of Stocks amp Commodities magazine. The MESA Sinewave indicator consists of two plots - one displaying the Sine of the measured phase angle over the time period parameter and the other the Sine of the phase angle advanced by 45 degrees (called the Lead Sine). Together, the crossings of the Sine and Lead Sine plots give clear advanced indication of cycle mode turning points. When the MESA Sinewave indicator resembles an actual sine wave, this suggests the market is in a cycle mode. The indicator lines are not well structured when the market is in a trend mode. A buy signal is given when the Sine plot crosses above the Lead Sine plot. A sell signal is given when the Sine plot crosses below the Lead Sine plot. An obvious advantage that the MESA Sinewave indicator has over its overboughtoversold counterparts is that it enters and exits much more precisely without giving up a piece of the markets movement by waiting for confirmation. When the market is in a trend mode the MESA Sinewave indicator does not resemble a sine wave. In fact, the Sine and Lead Sine plots typically languish in a sideways pattern around zero, running somewhat parallel and distant from each other. The correct trading strategy in the trend mode is to trade the trend. Basic moving average crossovers are helpful for entering and exiting positions in this type of market. The MESA Sinewave indicator is sensitive to using the correct time period parameter. You can use the Cycle Lines line study to estimate the best time period to use. MetaStock is a marvellous program for traders, but can appear complicated and intimidating at first. In reality, its easy and fun, if you take it slowly, step by step. Lets consider a common traders question: quotHow can MetaStock help me find all the stocks where the 3 day moving average has just crossed above the 10 day moving averagequot MetaStocks Explorer tool allows you to search all the stocks in the ASX, and within a minute or two (depending on your computers speed) generate a list of all stocks meeting this particular criteria. Heres a step by step guide for beginners: 1. Open up your Explorer tool in MetaStock by clicking on the little quotbinocularsquot symbol in the upper right field of your screen, or find it under Tools in the drop-down menu. 2. You will be presented with the Explorer screen showing a list of ready-made Equis Explorations plus various options to view or edit them. More about these later. Look instead at the list of options to the right. 3. Choose the quotNewquot button and click. Youve just starting writing your own MetaStock Exploration MetaStock gives it the name quotltNew Explorationgtquot but lets rename it quotMoving Average Crossoverquot for the sake of this exercise. 4. Note that the Explorer screen has an upper section labelled quotNotesquot and then, just below, seven columns, with tabs, labelled quotAquot to quotF, quot plus quotFilter. quot For now were just going to work with the quotFilterquot column. Click on its tab and youre ready to write a MetaStock formula in this column. 5. Enter the following without the quotation marks: quotCross( Mov(c,3,s). Mov(c,10,s) )quot but dont worry about the spaces between letters and punctuations marks, nor about capitalisation. 6. Heres a quick explanation to ponder, before we go further. What youve just entered under MetaStock Explorers Filter is a much more simple formula than you realise It means only quotCrossover A over Bquot or quotCrossover 3 over 10quot in ordinary English. MetaStock writes this as quotCross( A. B )quot where A and B are other MetaStock formulas, any formulas you like. In this case, were putting two different moving averages in the place of A and B. MetaStock writes the English language phrase quotMoving Average of the past 3 daysquot as quotmov(c,3,s)quot and the second moving average is exactly the same, with the numeral 10 substituted for the 3. 7. Your first MetaStock Exploration is now finished. Click quotOKquot in the lower left of the Explorer field to save it and you will quickly find your own quotMoving Average Crossoverquot Exploration added to those already on MetaStocks ready-made list. 8. Next, click on the quotExplorequot button and MetaStock will prompt you for the path to the place on your computer where you have all your ASX (or other) data. Choose which securities you want to scan. I suggest that you choose them all to start with, and save this as a quotListquot named quotAllquot so that when you make more Explorations you wont have to go through this step again. You can just choose the quotAllquot list whenever you want to scan stocks. (Take note at this point that MetaStock has excellent assistance for you under its quotHelpquot tab as well as one of the best software manuals ever written.) 9. MetaStock will quickly verify that your stocks are where you say they are, and prompt you for an quotOKquot. Once you do this, you can watch a nifty screen where MetaStock outlines its search for all the stocks that match your search (Filter) criteria. How long this process takes depends once again on the speed of your computer 10. When Explorer is finished you should choose the quotReportquot option to find a filtered list of all the stocks which today have their 3 day moving average rising above their 10 day moving average. MetaStock allows you to open each or all of these stocks in full screen pages for further analysis.