logo
Welcome Guest! To enable all features please Login or Register.

Notification

Icon
Error
How to code Advance-Decline Line for Metastock? - How to code Advance-Decline Line for Metastock?
Options
Go to last post Go to first unread
Previous Topic Next Topic
oem7110  
#1 Posted : Monday, October 21, 2013 9:26:23 AM(UTC)
oem7110

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 12/30/2005(UTC)
Posts: 120

Does anyone have any suggestions on how to code Advance-Decline Line for Metastock?

Thanks in advance for any suggestions :>
Back to top

Wanna join the discussion?! Login to your Discussions forum accountor Register a new forum account.
Back to top  
John S  
#2 Posted : Tuesday, October 22, 2013 8:18:45 AM(UTC)
John S

Rank: Advanced Member

Groups: Registered, Registered Users
Joined: 11/9/2012(UTC)
Posts: 169
If you have the end of day version of MetaStock, then this comes pre-installed as a custom indicator (along with many other breadth indicators). However, it is not possible with MetaStock Pro since the XENITH datafeed does not provide breadth data in a format MetaStock can handle.

Thanks.
Back to top
oem7110  
#3 Posted : Tuesday, October 22, 2013 9:42:23 AM(UTC)
oem7110

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 12/30/2005(UTC)
Posts: 120

Do you know how Advance-Decline Line works as breadth indicators?

Thank you very much for any suggestions :>
Back to top
John S  
#4 Posted : Tuesday, October 22, 2013 10:18:36 AM(UTC)
John S

Rank: Advanced Member

Groups: Registered, Registered Users
Joined: 11/9/2012(UTC)
Posts: 169
I'm not sure I understand what you mean...but if you have MetaStock EOD with DataLink, then you will see a series of custom indicators that begin with "BM...". These are the breadth indicators. Among these are Advance/Decline.
Back to top
oem7110  
#5 Posted : Tuesday, October 22, 2013 2:50:29 PM(UTC)
oem7110

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 12/30/2005(UTC)
Posts: 120

Do those breadth indicators come with Metastock Pro under Indicator quicklists? I cannot find any since I still using version 8.0 (old version). Do you know what formula is using to determine Advance-Decline Line for Metastock?

Do you have any suggestions?

Thank you very much for any suggestions :>
Back to top
MS Support  
#6 Posted : Tuesday, October 22, 2013 3:59:40 PM(UTC)
MS Support

Rank: Advanced Member

Groups: Moderators, Registered, Registered Users, Subscribers
Joined: 10/8/2010(UTC)
Posts: 1,960

Thanks: 92 times
Was thanked: 155 time(s) in 150 post(s)
The indicators were introduced after version 8 and were initially designed for Reuters DataLink. QuoteCenter (previous real-time feed) also had these but they do not currently exist in any current version of MS Pro.

The formulas essentially Cumulate the Advances and the Declines using the Security data function:

Cum(Security("Online:X.NYSE-A",C))-Cum(Security("Online:X.NYSE-D",C))

I believe the Security function existed in MetaStock Pro 8.

eSignal I believe already has a symbol for Advancing issues minus declining issues: $ADD so you could probably use Cum(Security("Online:$ADD",C))

I believe they also have symbols $ADV and $DECL which you could substitute into the first example.
Back to top
oem7110  
#7 Posted : Tuesday, October 22, 2013 8:12:12 PM(UTC)
oem7110

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 12/30/2005(UTC)
Posts: 120

I find it, and would like to know how to use it in general.

Does anyone have any suggestions?

Thanks, to everyone very much for any suggestions :>
Back to top
digiams  
#8 Posted : Thursday, December 5, 2013 1:43:50 AM(UTC)
digiams

Rank: Newbie

Groups: Registered, Registered Users
Joined: 10/17/2010(UTC)
Posts: 3
Hi,
Lets suppose 6 stocks 'ABB',ACC,'BEL','BHEL','BPCL','ITC' form an index.

Advance-Decline Lines can be plotted as below:
{
Adv:= If(Security("ABB",C) > Ref(Security("ABB",C),-1),1,0) +
If(Security("ACC",C) > Ref(Security("ACC",C),-1),1,0) +
If(Security("BEL",C) > Ref(Security("BEL",C),-1),1,0) +
If(Security("BHEL",C) > Ref(Security("BHEL",C),-1),1,0) +
If(Security("BPCL",C) > Ref(Security("BPCL",C),-1),1,0) +
If(Security("ITC",C) > Ref(Security("ITC",C),-1),1,0);

Dec:= If(Security("ABB",C) < Ref(Security("ABB",C),-1),1,0) +
If(Security("ACC",C) < Ref(Security("ACC",C),-1),1,0) +
If(Security("BEL",C) < Ref(Security("BEL",C),-1),1,0) +
If(Security("BHEL",C) < Ref(Security("BHEL",C),-1),1,0) +
If(Security("BPCL",C) < Ref(Security("BPCL",C),-1),1,0) +
If(Security("ITC",C) < Ref(Security("ITC",C),-1),1,0);

Adv;
Dec
}

I hope the above content is useful for understanding.

Regards,
sdg
Back to top
oem7110  
#9 Posted : Thursday, December 5, 2013 2:46:59 AM(UTC)
oem7110

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 12/30/2005(UTC)
Posts: 120

Thanks, to everyone very much for suggestions :>
Back to top
John S  
#10 Posted : Thursday, December 5, 2013 10:34:55 AM(UTC)
John S

Rank: Advanced Member

Groups: Registered, Registered Users
Joined: 11/9/2012(UTC)
Posts: 169
The newly released (Nov 19th) MetaStock and MetaStock Pro 13.0 includes "breadth" indicators not only calced on the overall market (as is done traditionally), but also breadth on the 10 major US Sectors. the Advance/Decline line is one of many included. Sector level breadth analysis is very unique and powerful in my opinion. I know of no other tool that provides for this level of breadth analysis.

Here's an FAQ page that gives some details on this: https://www.metastock.com/Customer/Support/KB/?fc=393
Back to top
Users browsing this topic
Guest (Hidden)
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Powered by YAF.NET | YAF.NET © 2003-2024, Yet Another Forum.NET