MetaStock Indicadores Personalizados 5 35 5 MACD Absolute Breadth Index AdvanceDecline Line com Média Mover Adaptativa de Volume Negativo, por Perry Kauffman ADXADXR Custom (sem arredondamento) Arms Index (TRIN) Indicadores Aroon, por Tushar Chande Método Médico Modificado, por Perry Kauffman Bollinger Bandas Breadth Emulsão Candlecode 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 Confidência Coppock Curve Daily Close vs High e Low Close Detrended Price Oscilator Disparity Index Exibindo o Preço de uma Segurança Em 32 e 64 Divergência entre o Oscilador de Momento de Fechamento e Indicador Dinâmico Oscilador de Elliot Pontos finais médios em movimento de uma linha de regressão linear com desvios padrão Gann Alta baixa Gann-Swing Gann-Trend Gap Identificação GRIIF1 Identificação Oscilador Hi Low Wa Volatilidade histórica diária Volatilidade histórica diária Índice de insinção semanal Indicador de curtose Índice de facilitação de mercado do histograma de MACD Índice de facilitação de mercado Consultor especialista Pressão do mercado - Oscilador de impulso final do mercado Martin Prings Fórmulas KST Índice de massa McClellan Oscilador Índice de soma de McClellan Indicador VIX modificado dinâmico de McGinley Índice de fluxo de dinheiro Morris Double Momentum Oscilador Média de movimento de apenas um dia de uma semana Volatilidade de Natenberg Um dia Percentagem de fluxo de dinheiro acima da baixa Perspectiva média móvel do fluxo de dinheiro Plotando Alpha e Beta Eficiência Fractal Polarizada Indicador de Preço (DOR) Preço Oscilador Onda Preço Volume Classificação Preço Volume Tendência Estocástica Aleatória Taxa de variação do índice de mudança desde uma data específica Tendência de movimento recursiva Oscilador de regressão média e Índice de força relativa (RSI) SlopeClose Indicador de volatilidade relativa personalizado (RVI) R quadrado, Chande amplificador Krolls Regra de 7 Oscilador Volume curto Onda Slope of a Line Slo Pe de uma linha de regressão linear Bandas de erro padrão para o MetaStock para Windows Especial Trix STIX Oscilador Stochastic D Índice de força estocástica áscástica Onda estocástica Onda estocástica longa Suporte e resistência curtos - Yoni A nova linha de declínio avançado Linha Momentum Oscilador Trading Channel Índice Tendência Bandini Trendline Formula Índice de Força Verdadeira Tushar Chandes Preço Alvo Tushar Chandes Vidya com Bandas de Volatilidade Volatilidade Volatilidade Diferença Volume Acumulação Indicador Volume Onda do Oscilador Semanalmente Alta Onda Baixa Semanalmente Segmento do Oscilador Preço Semanal Oscilador Wilders Volatilidade TASC Traders Dicas Freeburg Precious Metal Switch Fund System Rainbow Charts Usando Fibonacci Ratios and Momentum Indicador de volatilidade Desligando os canais de preços Técnicas de suavização para sinais mais precisos Momento duplo ancorado Doubles e Double Bottoms Adaptive Moving Average Suporte automático e resistência Variáveis mutadas, volatilidade e um novo mercado Paradigma Channel Analys É uma volatilidade Comércio de ouro de termos para ferramentas técnicas Média móvel simples com resistência e suporte Combinando análises estatísticas e padrões, tubarão 32 Bandas Bollinger melhores Quadros de tempo múltiplos dinâmicos Média móvel ponderada em onda seno MetaStock - 5 35 5 MACD Os 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 um 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 Ponta Absoluta O Índice Absoluto de Marcha (ABI) é um indicador de impulso de 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 os preços direcionados. Você pode pensar no ABI como índice de citocitabilidade. Leituras elevadas indicam atividade e mudança de mercado, enquanto leituras baixas 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 nas versões do DOS usando o MetaStocks File Maintenance para criar o composto. No MetaStock, abra o composto e traça a fórmula personalizada ABS (C) nele. Fórmula MetaStock - Linha de declínio avançado 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 etapas a seguir farão 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 INTERNA 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 lote 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 seu estudo sobre a 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. Esses indicadores personalizados calculam o mesmo caminho, 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) DIST: 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 dados). 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 avançar ou diminuir os 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 Recuperável de Volume Avançado) 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 (Declínios, número e volume). DialData também fornece esses dados em dois arquivos. Avanços, número e volume e Declinações, número e volume. Os tickers são NAZK e NDZK. O CompuServe fornece esses dados em 4 arquivos. Os tickers são NYSEI (Advances) use o cusip 00000157 em vez do símbolo NYSEJ (declínios) NYUP (volume antecipado) e NYDN (volume de declínio). Depois que os dados foram coletados, siga estas etapas: Para os dados de RTD ou Dial Data In the DownLoader, crie uma segurança composta do Advances Declinings. No MetaStock, abra o composto. Crie e traça a fórmula personalizada: CV Isso fornece o índice de armas (TRIN). Para dados da CompuServe No DownLoader, crie os dois compósitos. Problemas Avançados Problemas Decrescentes Avançando Volume Recusando Volume 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 de 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 Técnica de setembro de 95 da revista Stock Comm. 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, If (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, 0))))))))) 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 aumento dos problemas em declínio. De acordo com o Dr. Zweig, um impulso do ponto de vista ocorre quando, durante um período de 10 dias, o indicador de avanço da intensidade 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 14 aversões de grão desde 1945. O ganho médio após esses 14 exercícios foi de 24,6 por cento em um prazo médio de 11 meses. O Dr. Zweig também ressalta que a maioria dos mercados de touro começam com um impulso de ponta. Para traçar o 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. Azuleie 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), depois traçá-lo em cima do enredo do compósito (o gráfico de compósitos transformará uma cor purpúrea). Se você obteve 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 ponto de vista, 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 AND 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)) (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 com 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 precisará clicar primeiro em Pilha). Feche o gráfico SampP 500. Crie um indicador personalizado: Div (fechar, p) Arraste o indicador personalizado na 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 dar a ambas as partes 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 atribua-lhe um nome, como CMPRELST. MWT.) Sempre que desejar ver a Força Relativa Comparativa de um capital próprio contra o SampP 500, aplique este modelo ao gráfico de patrimônio. Nota: se você deve mover o arquivo de dados contra o qual você está comparando, como o SampP 500, este 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 a cor pinklavender antes de soltá-lo.) O indicador irá traçar. Selecione o gráfico do indicador (clicando um pouco com o botão esquerdo do mouse na linha). Faça uma Exploração com DIV (Fechar, p) na coluna A e especifique qual diretório explorar. Os resultados são exibidos no relatório Exploração. (P é uma variável especial que aponta para o último indicador plotado ou selecionado.) MetaStock Formula - Confidence (Sum (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 pelo Edwin Sedgwick Coppock em 1962. Foi apresentado na edição de novembro de 94 da Análise Técnica de Stocks amp Commodities. No artigo Quot 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 de hábito. Nós julgamos o mundo em relação ao que experimentamos. Se estivesse comprando uma hipoteca e as taxas estiveram nos adolescentes (como eram no início da década de 1980) 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, prevalece a relatividade. A média móvel é a forma mais simples de nível de adaptação. As regras de cruzamento média em movimento indicam com precisão o início de períodos de retornos fora da norma, sejam positivos ou negativos. Isso torna os cruzamentos médios móveis úteis para os comerciantes que desejam aumentar o ingresso ou a saída de ações ou fundos. O oscilador também se baseia no nível de adaptação, embora de maneira ligeiramente diferente. 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 os retornos. Se você comprou ações da Microsoft Corp. (MSFT) às 50 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. A Coppock argumentou que o estado emocional dos mercados poderia ser determinado somando as mudanças percentuais ao longo do passado recente para ter uma idéia do impulso dos mercados (e os osciladores geralmente são indicadores de dinâmica). Então, se compararmos os preços relativos a um ano atrás - o que acontece de ser o intervalo mais comum - e vemos que este mês o mercado está acima de 15 há mais de um ano, no mês passado aumentou 12,5 há mais de um ano e 10, 7,5 e 5, respectivamente, nos meses anteriores, podemos julgar que o mercado está ganhando impulso e, como um comerciante observando o cruzamento ascendente da média móvel, podemos pular no mercado. A fórmula MetaStock para o Coppock Curve é: onde X é o número de Períodos de Tempo para o Oscilador e TX 2 1. Por exemplo, um DPO de 20 períodos seria: X 20 T (202 1) 11 Close-Ref (Mov (Close, 20, Simple) 11) Indicador MetaStock - Índice de Disparidade Steve Nison refere-se ao seu Índice de Disparidade cotas uma exibição de porcentagem do último mais próximo de uma média móvel escolhida. Isso pode ser definido no MetaStock usando a fórmula: ((C - Mov (C, X.)) Mov (C, X.)) 100 onde X é o número de períodos de tempo e. É o tipo de cálculo da média móvel. ((C - Mov (C, 13, E)) Mov (C, 13, E)) 100 onde X 13 períodos de tempo e. Média móvel exponencial. Indicador MetaStock - Exibição do preço de uma segurança em 32º e 64º Todas as versões do MetaStock antes do nosso software Windows precisariam desta fórmula. Você pode exibir seus preços de segurança em 32 e 64, usando as seguintes fórmulas personalizadas. Uma vez plotados, esses valores serão exibidos na janela do indicador. INT (C) ((FRAC (C) .03125) 100) INT (C) ((FRAC (C) .015625) 100) Onde C é para o preço de fechamento de segurança e pode ser substituído por O, H ou L para O preço aberto, alto ou baixo em vez disso. Indicador MetaStock - Divergência entre o fechar e um indicador A seguinte fórmula calculará a correlação entre o fechamento eo MACD. Está escrito usando um formato MACD de um quotlong para que os períodos de tempo usados pelo MACD possam ser alterados. Este indicador mostra quotdivergencequot entre o fechar e o indicador: nas versões do Windows do MetaStock, a fórmula é: Correl (((Sum (Cum (1) (Mov (C, 12, E) - Mov (C, 26, E)) , (100, 100)) ((Soma (Poder (Soma (Cima, 1), 100)) ((Soma (Cm, 12, E) - Mov (C, 26, E) 1), 2), 100)) - (Potência (Soma (Cum (1), 100), 2) 100)), ((Soma (Cum (1) C, 100)) - (Soma (Cum (1) , 100) Soma (C, 100) 100)) ((Soma (Potência (Cum (1), 2), 100)) - (Potência (Soma (Cum (1), 100), 2) 100)), 12 , 0) A interpretação da saída do indicador é a seguinte: - .08 (80) e menor é a divergência entre o Close e o MACD. - 1 é uma divergência muito forte. 1 é uma correlação muito forte. A fórmula foi construída desta forma para que a maioria dos outros indicadores possam ser usados no lugar do MACD. Por exemplo, aqui é o mesmo indicador usando o RSI (14): Correl (((Sum (Cum (1) (RSI (14)), 100)) - (Soma (Cum (1), 100) Soma ((RSI ( 14)), 100) 100)) ((Soma (Potência (Cum (1), 2), 100)) - (Potência (Soma (Cum (1), 100), 2) 100)), ((Soma Cum (1) C, 100)) - (Soma (Cum (1), 100) Soma (C, 100) 100)) ((Soma (Potência (Cum (1), 2), 100)) - (Potência Sumário (Cum (1), 100), 2) 100)), 12,0) MetaStock Indicator - Dynamic Momentum Oscillator Em julho de 1996, a revista Futures, E. Marshall Wall apresenta o Dynamic Momentum Oscillator (Dynamo). Consulte este artigo para interpretação. Ele descreve o Dynamo Oscillator para ser: Dynamo Mc - (MAo - O) onde Mc o ponto médio do oscilador MAo uma média móvel do oscilador O o oscilador Este conceito pode ser aplicado na maioria dos osciladores para melhorar seus resultados. Aplicando o Dynamo Oscillator a um período de 5 períodos reduzido 3 períodos Osciladores estocásticos dariam: onde: Medos medidores Mc Stochastic midpoint 50 MAo Movendo a média do Stochastic Mov (Stoch (5,3), 21, Oscilador estocástico Sto Stoch (5,3 ) Este exemplo aplica-se a um oscilador RSI: onde: ponto intermediário Mc RSIs 50 MAo Média móvel do RSI Mov (RSI (14), 21, RS RS RSI (14) Indicador MetaStock - Indicador Elliot Oscilador MetaStock - Média de Mudança de Ponto Final A Média de Mudança de Ponto Final foi introduzida na edição de outubro de 95 da Análise Técnica de Stocks amp Commodities no artigo "The End Point Moving Averagequot" de Patrick E. Lafferty. A fórmula exata para a média de Mudança de Ponto Final é a seguinte: (14 Soma (Cum (1) C, 14) - Soma (Cum (1), 14) Soma (C, 14)) (14 Soma (Pwr (Cum (1), 2), 14) - Pwr (Soma (Cum 1), 14), 2)) Cum (1) (Mov (C, 14, S) - Mov (Cum (1), 14, S) (14 Sum (Cum (1) C, 14) - Sum (1), 14) Soma (C, 14)) (14 Soma (Pwr (Cum (1), 2 ), 14) - Pwr (Sum (Cum (1), 14), 2))) A fórmula acima traça o último valor de uma linha de regressão linear dos 14 períodos anteriores. A Previsão da Série de Tempo leva esse valor e a inclinação da linha de regressão para prever o próximo dia e, em seguida, traça esse preço previsto como o valor de hoje. Observe que a fórmula acima é usar 14 períodos de regressão. Se você deseja usar diferentes períodos de tempo, você deve alterar todas as instâncias do número 14 para o número desejado de períodos de tempo. Para interpretação, consulte o artigo do Sr. Laffertys. Indicador MetaStock - Pontos finais de uma regressão linear com desvios padrão No MetaStock 5.x para Windows, há uma maneira de traçar os pontos finais de uma linha de regressão linear com canais - 2 Desvios Padrão. Aqui estão as três fórmulas: Regressão linear (14): (14 Sum (Cum (1) C, 14) - Soma (Cum (1), 14) Soma (C, 14)) (14 Sum (Pwr (Cum (1 ), 2), 14) - Pwr (Soma (Cum (1), 14), 2)) Cum (1) (Mov (C, 14, S) - Mov (Cum (1), 14, S) (14 Soma (Cum (1) C, 14) - Soma (Cum (1), 14) Soma (C, 14)) (14 Soma (Pwr (Cum (1), 2), 14) - Pwr (Soma (Cum 1), 14), 2))) Regressão linear Baixa inferior: Fml (quotLinear Regression (14) quot) - 2 Stdev (Fml (quotLinear Regression (14) quot), 14) Regressão linear superior: Fml (quotLinear Regression (14 ) Quot) 2 Stdev (Fml (quotLinear Regression (14) quot), 14) MetaStock Indicator - Plotting Alpha e Beta Para plotar Alpha e Beta no MetaStock, siga os passos abaixo. O indicador personalizado chamado Beta é necessário para plotar Alpha. Nas versões do Windows do MetaStock: Para plotar Alpha: Crie as fórmulas personalizadas Alpha e Beta (veja abaixo a sintaxe da fórmula). Abra um gráfico da segurança desejada. Arraste o gráfico de preços do índice que você está comparando, no gráfico da segurança e feche o gráfico do índice. Maximize o gráfico de segurança, se necessário. Arraste o indicador personalizado Alpha da lista rápida e solte-o no gráfico de preços do índice. O gráfico de índice transformará uma cor purpúrea quando você estiver plotando em cima dela. Observe que esta fórmula está configurada para calcular Alpha ao longo de 21 períodos. Para alterar os períodos de tempo, substitua cada instância de 21 na fórmula com o número de períodos desejado e também altere os períodos de tempo no indicador personalizado Beta. (Sum (ROC (CLOSE, 1,), 21) - (Fml (quotBetaquot) Sum (ROC (INDICATOR, 1,), 21))) 21 Para plotar Beta: Abra um gráfico da segurança desejada. Arraste o gráfico de preços do índice que você compara, no gráfico da segurança. Arraste este indicador personalizado da lista rápida e solte-o no gráfico de preços do índice. Observe que esta fórmula está configurada para calcular a versão beta em 21 períodos. Para alterar os períodos de tempo, substitua cada instância de 21 na fórmula com o número de períodos desejado. ((Sum (ROC (CLOSE, 1,) ROC (INDICADOR, 1,), 21)) - (Soma (ROC (CLOSE, 1,), 21) Soma (ROC (INDICADOR, 1,), 21)) ) () (P) (P) (p. Ex. (ROC (INDICADOR, 1,), 21), 2)) A Beta é uma medida de volatilidade de uma segurança Contra outro. Isso geralmente é usado para medir a volatilidade de um estoque em relação a um índice como o SampP 500. Um valor maior que um indica que o estoque é mais volátil do que o índice. Indicador MetaStock - Eficiência Fractual Polarizada A edição de janeiro de 1994 da Stock ampères Commodities apresentou um artigo de Hans Hannula sobre Eficácia Fractual Polarizada. Aqui está a fórmula personalizada para criar o PFE suavizado de cinco dias com MetaStock: Mov (Se (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)) Suma (Sqr (Pwr (Roc (C, 1,), 2) 1), 9)) 100,5, E) MetaStock - Indicador de ação de preço (PAIN) Se você só tivesse hoje aberto, alto, baixo e fechado, Como você pode fazer cabeças ou caudas dele. O indicador de ação de preço (PAIN) pode ajudar. A fórmula retorna um único valor que pesa impulso intra-dia (C-O), Pressão de Vendas Tardias (LSP) (C-L) e Pressão de Compra Tardia (LBP) (C-H). A fórmula é comprovada construindo limites ideais e limitando cenários em futuros de títulos. O resultado é consistente com a interpretação dos padrões japoneses de castiçal. Ver Michael B. Geraty (1997). QuotGotting Better Directionsquot Futures Vol. 26: Indicador Aug. MetaStock - Indicador do preço Oscilador Wave MetaStock Indicator - Preço Volume Classificação Tomada de Stock ampères Commodities, V. 12: 6 (235-239): Preço-Volume Rank por Anthony J. Macek Quimixar receber um aviso quando o mercado foi É provável que colapse ou seja alertado quando uma das suas ações preferidas estava prestes a se reunir. E se esses sinais vieram de uma análise que fosse simples o suficiente para fazer sem um computador e demorava apenas alguns minutos por dia a atualizar, usando apenas duas informações encontradas em praticamente qualquer jornal. Isso é um sonho Talvez não. Anthony Macek explica. O velho ditado sobre manter as coisas simples aplica-se mesmo ao mundo do investimento. Os métodos de análise, como a eficiência fractal polarizada e as divergências do oscilador de preços, fazem um ótimo trabalho, mas para aqueles que não têm o tempo nem a inclinação para dominar as técnicas necessárias para monitorar cada blip e sputter que o mercado produz pode ser servido também com a observação Apenas duas variáveis de mercado muito importantes: preço e volume. Para a interpretação, consulte a edição de 94 de junho de Análise Técnica de Stocks amp Commodities. Você precisa criar todas as seguintes fórmulas personalizadas para que o Rank PV seja calculado corretamente. PV Rank: Fml (quotPV1quot) Fml (quotPV2quot) PV1: Se (C, gt, Ref (C, -1), Se (V, gt, Ref (V, -1), 1, Se (V, lt, Ref (V, -1), 2, 0)), 0) PV2: Se (C, lt, Ref (C, -1), If (V, lt, Ref (V, -1), 3, If (V Gt, Ref (V, -1), 4, 0)), 0) PV Biggie: (Isto combina todas as fórmulas em uma fórmula) Se (C, gt, Ref (C, -1), If (V, gt , Ref (V, -1), 1, Se (V, lt, Ref (V, -1), 2, 0)), Se (C, lt, Ref (C, -1), Se (V, lt , Ref (V, -1), 3, If (V, gt, Ref (V, -1), 4, 0)), 0)) MetaStock Indicator - Preço Volume Tendência Estocástica As seguintes fórmulas, para o Random Walk Index , Foram construídos usando informações do artigo quotAre There Persistent Cyclesquot. Por E. Michael Poulos, no TASC de setembro de 1992. Todas as fórmulas são necessárias. Índice de caminhada aleatória: Max ((Ref (ALTO, -1) - BAIXO) ((Ref (Soma (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) - BAIXO) ((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 (ALTO, -5) - BAIXO) ((Ref (Soma (Atr (1), 6), - 1) 6) Sqrt (6)), Max ((Ref , (6)) ((Ref (Soma (Atr (1), 7), - 1) 7) Sqrt (7)), Max ((Ref (HIGH, -7) - LOW) ((Ref (Soma (Atr (1), 8), - 1) 8) Sqrt (8)), (Ref (HIGH, -8) - LOW) ((Ref (Soma (Atr (1), 9), - 1) 9) Sqrt (9)))))))) Fórmula MetaStock - Taxa de Mudança desde uma Data Específica A seguinte fórmula traça uma taxa percentual de mudança entre uma data específica e hoje. O usuário é solicitado para a data específica. Isso só funcionará no MetaStock para Windows 95NT versão 6.5 (ou superior) ou no MetaStock Professional. Construa a fórmula no Construtor de Indicadores, dando-lhe o nome abaixo em negrito. Todo o texto após quotFORMULA: quot e antes quotEND OF FORMULAquot abaixo deve ser colocado no campo Fórmula no Indicator Builder. Uma vez que o indicador foi criado, você pode arrastá-lo para fora da Lista Rápida do Indicador para colocação em uma janela interna do seu gráfico. NOME: ROC Desde uma data Day1: Input (quotDayquot, 1,31,4) Month1: Input (quotMonthquot, 1,12,1) Year1: Input (quotYearquot, 1900,2400,1999) 100 (CLOSE - ValueWhen (1, DayOFMonth () Day1 E Month () Month1 AND Year () Year1, CLOSE)) ValorQuando (1, DayOfMonth () Dia1 E Mês () Mês1 E Ano () Ano1, FECHAR) Indicador MetaStock - Tendência de Movimento Recursiva Indicador Médio MetaStock - Regressão 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). The bulls push prices higher and the bears push prices lower. The direction prices actually move reveals who is winning the battle. Support levels indicate the price where the majority of investors believe that prices will move higher, and resistance levels indicate the price at which a majority of investors feel prices will move lower. 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. quotMore sophisticated smoothing techniques can be used to determine market trend. 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. Primeiro, escolha Indicator Builder no menu Ferramentas. 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. No MetaStock para Windows 6.0 ou superior, use o Consultor Especial para criar destaques, o que mostrará quando as fases de contração e expansão estiverem presentes. Primeiro, escolha Consultor especialista no menu de ferramentas no 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. Abra um gráfico e clique no botão direito do mouse enquanto apontar para o cabeçalho do gráfico. Escolha Consultor Especializado e escolha Anexar no menu de atalho do gráfico. Escolha o New Market Paradigm Expert e clique no botão OK. As barras de preços no gráfico serão destacadas azul durante uma fase de contração e vermelho em uma fase de expansão. 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. To Display the Indicators in MetaStock 6.5 Drag the quotMoving Averagequot indicator from the Indicator QuickList into the price window. Choose Simple as the method, enter the time periods and then click OK. Now, drag the quotResistance and Supportquot indicator from the QuickList into the price window. You will be prompted to enter the quotLook Backquot periods. You should select the same time periods you used with the quotMoving Averagequot. Finally, drag the quotResistance and Support Fquot indicator into the price window. You will be prompted to enter the quotPercentagequot and the quotLook Backquot periods. If you would like the indicator to be a 10 difference from the quotResistance and Supportquot line, you would enter 10. You should select the same time periods you used with the 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. Now change the color in the Color field to Blue. Finally, enter the following formula in the Condition field, and then choose 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. Now enter the following formula in the Condition field. 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. Change the symbol in the Graphic field to Buy Arrow. Now change the color in the Color field to Green. Finally, type quotBuyquot in the Label field, and then choose OK. Using the Same method as above, enter the following Symbol formula. 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 Custom Indicators 5 35 5 MACD Absolute Breadth Index AdvanceDecline Line with Negative Volume Adaptive Moving Average, by Perry Kauffman ADXADXR Custom (without rounding) Arms Index (TRIN) Aroon Indicators, by Tushar Chande Average-Modified Method, by Perry Kauffman Bollinger Bands Breadth Thrust Candlecode Candle Strength Index Chande Momentum Oscillator Composite Average Chande Momentum Oscillator Volatility Chandes Momentum Oscillator Chandes Trendscore Changing Ways AccumulationDistribution Comparative Relative Strength in MetaStock for Windows Confidence Coppock Curve Daily Close vs High and Low Close Detrended Price Oscillator Disparity Index Displaying the Price of a Security in 32nds and 64ths Divergence between the Close and an Indicator Dynamic Momentum Oscillator Elliot Oscillator End Point Moving Average End Points of a Linear Regression Line with Standard Deviations Gann High Low Gann - Swing Gann-Trend Gap Identification GRIIF1 Identification Oscillator Hi Low Wave Daily Historical Volatility Daily Historical Volatility Weekly Insync Index Kurtosis Indicator MACD Histogram Market Facilitation Index Market Facilitation Index Expert Advisor Market Pressure - Ultimate Market Thrust Oscillator Martin Prings KST Formulas Mass Index McClellan Oscillator McClellan Summation Index McGinley Dynamic Modified VIX Indicator Money Flow Index Morris Double Momentum Oscillator Moving Average of Only One Day of a the Week Natenbergs Volatility One Day Money Flow Percent AboveBelow Moving Average Persistence of Money Flow Plotting Alpha and Beta Polarized Fractal Efficiency Price Action Indicator (PAIN) Price Oscillator Wave Price Volume Rank Price Volume Trend Stochastic Random Walk Index Rate of Change Since a Specific Date Recursive Moving Trend Average Regression Oscillator and the SlopeClose Indicator Relative Strength Index (RSI) Custom Relative Volatility Index (RVI) R square d, Chande amp Krolls Rule of 7 Oscillator Short Volume Wave Slope of a Line Slope of a Linear Regression Line Standard Error Bands for MetaStock for Windows Special Trix STIX Oscillator Stochastic D Stochastic Relative Strength Index Stochastic Wave Long Stochastic Wave Short Support and Resistance - Yoni The New Advance Decline Line Tick Line Momentum Oscillator Trading Channel Index Trending Bandini Trendline Formula True Strength Index Tushar Chandes Target Price Tushar Chandes Vidya with Volatility Bands Volatility Volatility Difference Volume Accumulation Indicator Volume Oscillator Wave Weekly High Low Wave Weekly Oscillator Segment Weekly Price Oscillator Wilders Volatility TASC Traders Tips Freeburg Precious Metal Switch Fund System Rainbow Charts Using Fibonacci Ratios and Momentum Volatility Indicator Breaking out of Price Channels Smoothing Techniques for more Accurate Signals Anchored Momentum Double Tops and Double Bottoms Adaptive Moving Average Automatic Support and Re sistance Mutated Variables, Volatility and a New Market Paradigm Channel Analysis A Volatility Trade in Gold From Terms to Technical Tools Simple Moving Average with Resistance and Support Combining Statistical and Pattern Analysis, Shark 32 Better Bollinger Bands Dynamic Multiple Time Frames Sine-Wave Weighted Moving Average MetaStock - 5 35 5 MACD The 5,35,5 MACD is a variation of the standard 12,26,9 MACD and was made popular by Chris Manning, who uses it to identify major market divergence points: ((Mov( CLOSE, 5, E) - Mov( CLOSE, 35, E))-(Mov((Mov( CLOSE, 5, E) - Mov( CLOSE, 35, E)),5,E))) When first plotted on a chart, the 5,35,5 MACD will appear as a solid line with no horizontal line at the value of zero (as shown in picture below). After applying the 5 35 5 MACD indicator to your chart, use the following steps to create a histogram with vertical line at zero. A) Double click the indicator to open the properties dialogue box. B) Select the ColorStyle tab and using the Style drop-down list, select the histogram setting (second from the bottom). C) Select the Horizontal Lines tab and enter a value of zero (0) for the horizontal line value. Click Add. D) Click OK (indicator will appear as per picture below) MetaStock Formula - Absolute Breadth Index The Absolute Breadth Index (ABI) is a market momentum indicator that was developed by Norman G. Fosback. The ABI shows how much activity, volatility, and change is taking place on the New York Stock Exchange while ignoring the direction prices are headed. You can think of the ABI as an quotactivity indexquot. High readings indicate market activity and change, while low readings indicate lack of change. In Mr. Fosbacks book, Stock Market Logic . he indicates that historically, high values typically lead to higher prices three to twelve months later. The MetaStock formula for the Absolute Breadth Index is: ABS ( Advancing Issues - Declining Issues ) To plot it: Create a composite security of the Advancing Issues - Declining Issues. In Windows versions use The DownLoader to create the composite or in the DOS versions use MetaStocks File Maintenance to create the composite. In MetaStock open the composite and plot the custom formula ABS( C ) on it. MetaStock Formula - Advance Decline Line with Negative Volume There is a way to get the negative volume on an advance-decline line chart in MetaStock for Windows. The requirement is: Each security must have both the number of issues and the volume in the file. Advancing issues with advancing volume in one security and declining issues with declining volume in one security file. These files may be obtained from Reuters Trend Data by way of The DownLoader for Windows. You will also need to create a composite security of the Advance-Decline line, which is the advances - declines. The following steps will get you an advance-decline line with negative volume where applicable. Follow these steps once and save as a CHART. When you want to use it simply load the chart and the program will calculate the new volume plot using the new data. Create a NEW chart of the advancing issues. Create a NEW chart of the declining issues. Create a NEW chart of the advance-decline composite. Create a NEW INNER WINDOW on the declining issues chart. Delete the volume plot on the advance-decline composite chart. Copy the volume from the advancing issues chart and paste it into the new inner window on the declining issues chart. Drop the custom formula, P-V on the advancing volume plot in the declining issues chart, creating a new scale. Copy that plot to the empty inner window (where the volume was) of the advance-decline composite. Save that chart as the adv-decl chart (perhaps advdecl. mwc). This will be the chart you load to do your study of the advance-decline line with negative volume MetaStock Formula - Adaptive Moving Average, by Perry Kaufman This is a Metastock for Windows version 6.5 formula. 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)) MetaStock Formula - ADX ADXR Custom (without Rounding) Here are custom ADX and ADXR formulas that will plot the decimals after the calculation. The built-in indicators plot exactly as Welles Wilder plots them in his book, New Concepts in Technical Trading Systems. These custom indicators calculate the same way except they do not round as Wilder does. Periods:Input(quotTime Periodsquot,1,100,14) PlusDM:If(HgtRef(H,-1) AND LgtRef(L,-1), H-Ref(H,-1),If(H gtRef(H,-1) AND LltRef(L,-1) AND H-Ref(H,-1)gt Ref(L,-1)-L, H-Ref(H,-1),0)) PlusDI:100Wilders(PlusDM, Periods)ATR(Periods) MinusDM:If(LltRef(L,-1) AND HltRef(H,-1), Ref(L,-1)-L, If(HgtRef(H,-1) AND LltRef(L,-1) AND H-Ref(H,-1)ltRef(L,-1)-L, Ref(L,-1)-L,0)) MinusDI:100Wilders(MinusDM, Periods)ATR(Periods) DIDif:Abs(PlusDI-MinusDI) DISum:PlusDIMinusDI ADXFinal:100Wilders(DIDifDISum, Periods) ADXFinal Periods:Input(quotTime Periodsquot,1,100,14) PlusDM:If(HgtRef(H,-1) AND LltRef(L,-1), H-Ref(H,-1),If(HgtRef(H,-1) AND LltRef(L,-1) AND H-Ref(H,-1)gtRef(L,-1)-L, H-Ref(H,-1),0)) PlusDI:100Wilders(PlusDM, Periods)ATR(Periods) MinusDM:If(LltRef(L,-1) AND HltRef(H,-1), Ref(L,-1)-L, If(HgtRef(H,-1) AND LltRef(L,-1) AND H-Ref(H,-1)ltRef(L,-1)-L, Ref(L,-1)-L,0)) MinusDI:100Wilders(MinusDM, Periods)ATR(Periods) DIDif:Abs(PlusDI-MinusDI) DISum:PlusDIMinusDI ADXFinal:100Wilders(DIDifDISum, Periods) ADXRCus tom: (ADXFinalRef(ADXFinal, LastValue(1-periods)))2 ADXRCustom MetaStock Formula - Arms Index (TRIN) The Arms Index, also known as TRIN, is a market indicator that shows the relationship between the number of stocks that increase or decrease in price (advancingdeclining issues) and the volume associated with stocks that increase or decrease in price (advancingdeclining volume). The Arms Index was developed by Richard W. Arms, Jr. in 1967. The Arms Index is primarily a short term trading tool. The Index shows whether volume is flowing into advancing or declining stocks. If more volume is associated with advancing stocks than declining stocks, the Arms Index will be less than 1.0 if more volume is associated with declining stocks, the Index will be greater than 1.0. The formula for the Arms Index is: (Advancing Issues Declining Issues) (Advancing Volume Declining Volume) To calculate the Arms Index in MetaStock for Windows you will need to first collect the four pieces of data. 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 (Declínios, número e volume). DialData also supplies this data in two files. Avanços, número e volume e Declinações, número e volume. Os tickers são NAZK e NDZK. O CompuServe fornece esses dados em 4 arquivos. The tickers are NYSEI (Advances)use the cusip 00000157 rather than the symbol NYSEJ (declines) NYUP (Advance volume) and NYDN (decline volume). After the data has been collected follow these steps: For data from RTD or Dial Data In the DownLoader create a composite security of the Advances Declines. In MetaStock open the composite. Create and plot the custom formula: CV This gives you the Arms Index (TRIN). For data from CompuServe In the DownLoader create the two composites. Advancing Issues Declining Issues Advancing Volume Declining Volume In MetaStock open both composites. Tile the charts so they can both be viewed. Drag the plot of the Adv. VolumeDec. Volume composite into an inner window in the Adv. IssuesDec. Issues chart. Create the custom formula: CP Plot this formula on top of the Adv. VolumeDec. Volume plot (the Adv. VolumeDec. Volume plot will turn a purplish color to signify the formula will be plotted on it). You will know have the Arms Index (TRIN) plotted. You can drag it to its own inner window if you prefer. MetaStock Formula - Aroon Indicators, by Tushar Chande For interpretation of the Aroon indicators refer to Tushar Chandes article quot Time Price Oscillator quot in the September, 95 Technical Analysis of Stocks amp Commodities magazine. 100 (14 - (( If (Ref (L,-1) LLV( L ,14 ) ,1. If ( Ref (L ,-2 ) LLV ( L,14 ) ,2. If ( 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,If (Ref( L ,-9 ) LLV( L,14 ) ,9,If ( Ref (L,-10) LLV (L,14 ) ,10,If (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 ,0) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) ) 14 MetaStock Formula - Breadth Thrust The Breadth Thrust indicator is a market momentum indicator developed by Dr. Martin Zweig. The Breadth Thrust is calculated by taking a 10-day exponential moving average of the advancing issues divided by the advancing plus declining issues. According to Dr. Zweig a Breadth Thrust occurs when, during a 10-day period, the Breadth Thrust indicator rises from below 40 percent to above 61.5 percent. A quotThrustquot indicates that the stock market has rapidly changed from an oversold condition to one of strength, but has not yet become overbought. Dr. Zweig also points out that there have only been 14 Breadth Thrusts since 1945. The average gain following these 14 Thrusts was 24.6 percent in an average time frame of 11 months. Dr. Zweig also points out that most bull markets begin with a Breadth Thrust. To plot the Market Breadth in MetaStock for Windows you will need to: Create a composite security of the Advancing Issues Declining Issues in The DownLoader. In MetaStock open a chart of the composite and a chart of the Advancing Issues. Tile the charts so you can see both of them on the screen. Drag the plot of the composite into the chart of the Advancing Issues. Create the custom indicator: mov( C P, 10, E ), then plot it on top of the plot of the composite (the composites plot will turn a purplish color ). If you get a flat line then it was not plotted directly on top of the composites plot. You can then right-click on the Breadth Thrust, select Breadth Thrust Properties, go to the Horizontal Lines page and add horizontal lines at 40 and 60. MetaStock Formula - Candlecode Bdy:Abs(O-C) Lshd:If(CgtO, O-L, C-L) Ushd:If(CgtO, H-C, H-O) 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:If(CO,1,0)If(UshdgtLshd,64,48)If(CO,0,1)(If(CgtO,1,0)(If(BdyltThBotB,80,0)If(BdygtThBotB AND BdyltThTopB,96,0) If(BdygtThTopB,112,0)) If(CltO,1,0)(If(BdyltThBotB,32,0) If(BdygtThBotB AND BdyltThTopB,16,0)))(If(Lshd0,3,0) If(LshdltThBotL AND Lshdgt0,2,0) If(LshdgtThBotL AND LshdltThTopL AND Lshdgt0,1,0))(If(Ushdgt0 AND UshdltThBotU,4,0) If(UshdgtThbotU AND UshdltThTopU,8,0) If(UshdgtThTopU,12,0)) CCode MetaStock Formula - Candle Strength Index Cum(If(Fml( quotTodays Changequot ) gt Mov(Fml( quotTodays Changequot ),7,E) AND C gt Ref(C,-1), C V, If(Fml( quotTodays Changequot ) lt Mov(Fml( quotTodays Changequot ),7,E) AND C lt Ref(C,-1), Neg(C V) ,0))) Where Fml( quotTodays Changequot ) c - ref(c,-1) Comparitive Relative Strength in MetaStock for Windows Comparative Relative Strength charts can be useful in deciding which security to buy, by helping to pinpoint the best performer. They can also be useful in developing spreads, i. e. purchase of the best performer quotlongquot, and selling the weaker issues quotshort. quot Comparative Relative Strength can be applied in MetaStock for Windows as follows: Creation of a Template for Comparative Relative Strength (For this illustration, we assume an equitystock is compared to the SampP 500, both of which must first have been collected from your vendor. Both data files should be in the same periodicity.) Load the SampP 500. Load the equity, or whatever you wish to find the relative strength for. Drag the SampP 500 plot into a new inner window of the equity. (You may need to click Stack first.) Close the SampP 500 chart. Create a custom indicator: Div(close, p) Drag the custom indicator into the inner window containing the SampP 500 plot, moving it over the plot until the plot changes to a pink or lavender color, then release your mouse button. (This is called dragging and dropping an indicator on an indicator. The new indicator will plot in the same window as the SampP 500 plot.) You have two options here: You can change the color of the SampP 500 plot to be the same as the chart background color, so that it is effectively invisible. (Double-click the SampP 500 plot to get to its quotpropertiesquot, then choose the color you need from the Colors list.) You can give both plots different colors so you can tell which is which. Save this chart as a Template. (FileSave As, set quotSave File As Typequot to Template, and give it a name, such as CMPRELST. MWT.) Any time you want to see Comparative Relative Strength of an equity against the SampP 500, apply this template to the equitys chart. Note: if you should move the data file against which you are comparing, such as the SampP 500, this template will no longer work, and would have to be recreated. To Run an Exploration Using Comparative Relative Strength Load the SampP 500 (or whatever you want to compare against). Create a custom indicator of the Close. Drag and drop this indicator on the SampP 500 (or whatever. ). (Note: the SampP 500 plot must change to pinklavender color before you drop it.) The indicator will plot. Select the indicator plot (by single-clicking with the left mouse button on the line). Do an Exploration with DIV(Close, p) in column A, and specify which directory to explore. The results are displayed in the Exploration report. (P is a special variable that points at the last indicator plotted or selected.) MetaStock Formula - Confidence (Sum(Mov(C (2.5 Sqrt(50 V)),10,S)- LLV(Mov(C (2.5 Sqrt(50 V)),10,S),5), 3 ) Sum(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 The Coppock Curve was developed by Edwin Sedgwick Coppock in 1962. It was featured in the November 94 issue of Technical Analysis of Stocks amp Commodities . in the article quot The Coppock Curvequot . written by Elliot Middleton. Taken from Stocks amp Commodities, V. 12:11 (459-462): The Coppock Curve by Elliott Middleton quotWe are creatures of habit. We judge the world relative to what we have experienced. If were shopping for a mortgage and rates have been in the teens (as they were in the early 1980s) and then drop to 10, we are elated. If, however, theyve been at 8 and then rise to 10, we are disappointed. It all depends on your perspective. The principle of adaptation-level applies to how we judge our income levels, stock prices and virtually every other variable in our lives. Psychologically, relativity prevails. The moving average is the simplest form of adaptation-level. Moving average crossover rules accurately signal the onset of periods of returns outside the norm, whether positive or negative. This makes moving average crossovers useful to traders who want to get a boost on entering or exiting stocks or funds. The oscillator is also based on adaptation-level, although in a slightly different way. Oscillators generally begin by calculating a percentage change of current price from some previous price, where the previous price is the adaptation-level or reference point. The mind is attuned to percentage changes because they represent returns. If you bought Microsoft Corp. stock (MSFT) at 50 and it goes to 80, you make 60 before dividends. If you bought Berkshire Hathaway (BRK) at 4,000 and it rises to 4,030, the same dollar gain, you make 0.75 before dividends. Its the percentage change that counts. Relativity again. 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. Exponential moving average. 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). The bulls push prices higher and the bears push prices lower. The direction prices actually move reveals who is winning the battle. Support levels indicate the price where the majority of investors believe that prices will move higher, and resistance levels indicate the price at which a majority of investors feel prices will move lower. 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. quotMore sophisticated smoothing techniques can be used to determine market trend. 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. Primeiro, escolha Indicator Builder no menu Ferramentas. 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. No MetaStock para Windows 6.0 ou superior, use o Consultor Especial para criar destaques, o que mostrará quando as fases de contração e expansão estiverem presentes. Primeiro, escolha Consultor especialista no menu de ferramentas no 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. Abra um gráfico e clique no botão direito do mouse enquanto apontar para o cabeçalho do gráfico. Escolha Consultor Especializado e escolha Anexar no menu de atalho do gráfico. Escolha o New Market Paradigm Expert e clique no botão OK. As barras de preços no gráfico serão destacadas azul durante uma fase de contração e vermelho em uma fase de expansão. 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. To Display the Indicators in MetaStock 6.5 Drag the quotMoving Averagequot indicator from the Indicator QuickList into the price window. Choose Simple as the method, enter the time periods and then click OK. Now, drag the quotResistance and Supportquot indicator from the QuickList into the price window. You will be prompted to enter the quotLook Backquot periods. You should select the same time periods you used with the quotMoving Averagequot. Finally, drag the quotResistance and Support Fquot indicator into the price window. You will be prompted to enter the quotPercentagequot and the quotLook Backquot periods. If you would like the indicator to be a 10 difference from the quotResistance and Supportquot line, you would enter 10. You should select the same time periods you used with the 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. Now change the color in the Color field to Blue. Finally, enter the following formula in the Condition field, and then choose 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. Now enter the following formula in the Condition field. 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. Change the symbol in the Graphic field to Buy Arrow. Now change the color in the Color field to Green. Finally, type quotBuyquot in the Label field, and then choose OK. Using the Same method as above, enter the following Symbol formula. 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.
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