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In the November 1999 issue of S&C, Benjamin L. Cotton introduces the Target Price indicator, in his article "Triggering Your Trading System." To create this indicator in MetaStock 6.52 or higher, select Indicator Builder, from the Tools menu, click New, and enter the following formula:
For the BogiePX, enter:
x:=Input("length of 1st moving average",2,200,5);
y:=Input("length of 2nd moving average",2,200,10);
((y* Sum(C,x-1))-(x*Sum(C,y-1)))/ (x-y)
For the Percent Change, enter:
x:=Input("length of 1st moving average",2,200,5);
y:=Input("length of 2nd moving average",2,200,10);
((((y* (Sum(C,x-1))-(x*Sum(C,y-1)))/(x-y))/Close)-1)*100
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