Open up your Explorer tool in MetaStock by clicking on the little "binoculars" symbol in the upper right field of your screen, or find it under Tools in the drop-down menu.
If we were to remove the alert function, both conditions i. You will be presented with the Explorer screen showing a list of ready-made Equis Explorations plus various options to view or edit them.
Note that the Explorer screen has an upper section labelled "Notes" and then, just below, seven columns, with tabs, labelled "A" to "F," plus "Filter. MetaStock writes the English language phrase "Moving Average of the past 3 days" as "mov c,3,s " and the second moving average is exactly the same, with the numeral 10 substituted for the 3.
How long this process takes depends once again on the speed of your computer! Guide Alert Indicator Please note that the 5 and 22 period simple moving averages shown on the chart above is not part of this indicator.
Choose the "New" button and click. How good are you when it comes to pre-programmed functions? This provides a vital ingredient to creating a fully auto- mated system.
Since then, I have developed a faster and improved method for computing these indicators. They have simply been placed on the chart to confirm the analysis shown by the indicator. Writing Metastock Explorations MetaStock is a marvellous program for traders, but can appear complicated and intimidating at first.
Take note at this point that MetaStock has excellent assistance for you under its "Help" tab as well as one of the best software manuals ever written.
More about these later. MetaStock allows you to open each or all of these stocks in full screen pages for further analysis. This indicates that the interest within the stock has increased. Most of the functions in this category return specific values from a data array.
That is to say, we have told MetaStock that for all intents and purposes the increase in volume on the initial period would provide the same signal for the following five periods.
This would be done as follows: MetaStock writes the English language phrase "Moving Average of the past 3 days" as "mov c,3,s " and the second moving average is exactly the same, with the numeral 10 substituted for the 3.
Periods — The length of time that you wish to hold the expression as true. Although these can be easily skipped, they provide a good foundation to your understanding of MetaStock.
MetaStock will quickly verify that your stocks are where you say they are, and prompt you for an "OK".3. Choose the "New" button and click. You've just starting writing your own MetaStock Exploration!
MetaStock gives it the name "" but let's rename it "Moving Average Crossover" for the sake of this exercise. 4. How good are you when it comes to pre-programmed functions? You are now reading the continuation of our series on the basics of MetaStock Programming Language and Metastock tips.
In this post we are going to go through nesting functions and alert functions that any Metastock Expert should know. Writing Metastock Explorations MetaStock is a marvellous program for traders, but can appear complicated and intimidating at first. In reality, it's easy and fun, if you take it slowly, step by step.
Nov 30, · ultimedescente.com Today, in part one of this series, you are going to learn the Metastock formula writing basics, so that you can get the mos.
Dec 14, · Thomson Reuters Eikon App Studio: Model and Backtest Your Trading Ideas with Tradesignal Chart App - Duration: Thomson Reuters 2, views. The MetaStock formula language offers an additional level of flexibility and power to users who want to create a trading system using their own criteria.
The MetaStock formula language involves some basic programming concepts which are covered in depth in the Formula Primer I and Formula Primer II.Download