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 MS Support #1 Posted : Friday, July 28, 2017 10:13:26 PM(UTC) Quote Multi-Quote Rank: Advanced MemberGroups: Moderators, Registered, Registered Users, SubscribersJoined: 10/8/2010(UTC)Posts: 1,372Thanks: 28 timesWas thanked: 104 time(s) in 101 post(s) Markos Katsanos' article, “Which Trend Indicator Wins”, presented formulas for 4 different indicators designed to identify trending markets. The formulas are listed below: ADX: This indicator is built into MetaStock.  It can be used with the formula function: ADX( periods )For example, to use a 14 period ADX, you would write: Code:``ADX( 14 )`` The formulas for the ADX trend system is: Buy: Code:``( (Cross(ADX(14), 30) AND ADX(14) < 42) OR (Cross(ADX(14), 22) AND ADX(14) > 1.8*LLV(ADX(14), 12) ) ) AND C > Mov(C, 50, S)`` Sell: Code:``Cross( Mov(C, 50, S), C )`` Sell Short: Code:``( (Cross(ADX(14), 30) AND ADX(14) < 42) OR (Cross(ADX(14), 22) AND ADX(14) > 1.8*LLV(ADX(14), 12) ) ) AND C < Mov(C, 50, S)`` Buy to Cover: Code:``Cross( C, Mov(C, 50, S) )`` Vertical Horizontal Filter (VHF): This indicator is built into MetaStock.  It can be used with the formula function: VHF( data array, periods )For example, to use a 14 period VHF on the Close, you would write: Code:``VHF( C, 14 )`` The formulas for the VHF trend system is: Buy: Code:``( (Cross(VHF(C, 36), .38) AND VHF(C, 36) < .45 AND VHF(C, 36) > Ref(VHF(C, 36),-10)) OR (Cross(VHF(C, 36), .24) AND VHF(C, 36) > 1.5*LLV(VHF(C, 36), 10) ) ) AND C > Mov(C, 50, S)`` Sell: Code:``Cross( Mov(C, 50, S), C )`` Sell Short: Code:``( (Cross(VHF(C, 36), .38) AND VHF(C, 36) < .45 AND VHF(C, 36) > Ref(VHF(C, 36),-10)) OR (Cross(VHF(C, 36), .24) AND VHF(C, 36) > 1.5*LLV(VHF(C, 36), 10) ) ) AND C < Mov(C, 50, S)`` Buy to Cover: Code:``Cross( C, Mov(C, 50, S) )`` Efficiency Ratio: Perry Kaufman's efficiency ratio can be added to MetaStock with the following formula: Code:``````tp:= 10; {time periods} Abs( ROC( C, tp, \$) ) / Sum( Abs( ROC( C, 1, \$) ), tp)`````` As written, it is for a 10 period efficiency ratio.  If you wish to use a different number of periods, just change the number on the first line.The formulas for the efficiency ratio trend system is: Buy:Code:``````er := Mov( Abs( ROC( C, 24, \$) ) / Sum( Abs( ROC( C, 1, \$) ), 24), 3, S); ( (Cross( er, .36) AND er < .42 AND er > Ref(er, -3)) OR (Cross(er, .26) AND er > 2.5*LLV(er, 3) ) ) AND C > Mov(C, 50, S)`````` Sell:Code:``Cross( Mov(C, 50, S), C )`` Sell Short: Code:``````er := Mov( Abs( ROC( C, 24, \$) ) / Sum( Abs( ROC( C, 1, \$) ), 24), 3, S); ( (Cross( er, .36) AND er < .42 AND er > Ref(er, -3)) OR (Cross(er, .26) AND er > 2.5*LLV(er, 3) ) ) AND C < Mov(C, 50, S)`````` Buy to Cover: Code:``Cross( C, Mov(C, 50, S) )`` R-squared: This indicator is built into MetaStock.  It can be used with the formula function: RSquared( data array, periods )For example, to use a 21 period R-squared calculated on the Close, you would write: Code:``RSquared( C, 21 )`` The formulas for the R-squared trend system is: Buy: Code:``````r2 := RSquared(C, 18); lr := LinRegSlope( C, 18 ) * 100; Cross( r2, .42) AND r2 < .85 AND r2 > Ref(r2, -10) AND C > Mov(C, 50, S) AND lr > 10`````` Sell: Code:``Cross( Mov(C, 50, S), C )`` Sell Short: Code:``````r2 := RSquared(C, 18); lr := LinRegSlope( C, 18 ) * 100; Cross( r2, .42) AND r2 < .85 AND r2 > Ref(r2, -10) AND C < Mov(C, 50, S) AND lr < -10`````` Buy to Cover: Code:``Cross( C, Mov(C, 50, S) )``
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