Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users Joined: 10/25/2005(UTC) Posts: 30
|
Hi,
Need help !
How to use Heikin-Ashi formula as a explorer in Metastock ? Bought "HA Add-on" but it is consuming lot of time to use it.
If I can use HA Formula as one of the explorer screener in Metastock, life would become wonderful. =D>
please, please help !!!
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
|
You can still program H-A indicators in MS without having any addons...
xClose = (Open+High+Low+Close)/4
xOpen = (PREV + Ref(Close,-1))/2
xHigh = Max(High, xOpen, xClose)
xLow = Min(Low, xOpen, xClose)
Program your normal explorations using these instead.
e.g. you might look for a H-A MA crossover
z:=mov(xClose,21,e)>mov(xClose,55,e);
z and alert(z=0,2);
etc
Hope this helps.
wabbit :D
|
|
|
|
Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users Joined: 10/25/2005(UTC) Posts: 30
|
Thanks a ton! =D> =D> =D>
I will try this and will take your help further if required.
Thanks a lot....
Regards,
Sam
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
|
Sam,
Forgot to nest the Max and Min functions... try this:
xClose = (Open+High+Low+Close)/4;
xOpen = (PREV + Ref(Close,-1))/2;
xHigh = Max(Max(High, xOpen), xClose);
xLow = Min(Min(Low, xOpen), xClose);
Sorry 'bout that!
wabbit :D
|
|
|
|
Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users Joined: 10/25/2005(UTC) Posts: 30
|
Thanks once again.
And sorry for my dumb question :?
Where should I use the formula in Metastock ?.
I tried to create it in "Explorer Editor" under "Filter" and it is not accepting. And Yes, :roll: I am a real novice in this formulas creation.
What I am looking for is "to view HA Charts thro Metastock". Pl advise / guide.
Thanks a lot for your time...
Regards,
Sam
|
|
|
|
Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
|
Sam
MS only allows candle charts to be displayed for equity data.
To be able to view H-A charts in MS you will have to download your data from your data provider, who will normally provide OHLCV data (Open, High, Low, Close, Volume). You will need to convert this data into H-A using the formulas provided, using some other third party software, like Excel, Downloader or similar. Save the reformatted data as a new equity, then MS will be able to display the H-A candlesticks.
I am sure there has been some work done on this in the forum previously.. see http://forum.equis.com/viewtopic.php?t=735&highlight=heikin
|
|
|
|
Rank: Advanced Member
Groups ready for retrieval: Registered, Registered Users Joined: 10/25/2005(UTC) Posts: 30
|
Ok... Understood. :D
Thanks again.
Regards,
Sam
|
|
|
|
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.