Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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If metastock wanted to a new twist to the package it could add a forecasting module.
I think it would add to the strengths of the package.
You have the indicators, etc now add the ability to project or trend those indicators
a period into the future.
I think you have all the code ready to go. with some user imputs, shift the chart left to add some white space
and project away with a forecasting formula "ffunction" to distinqish from a indicator formula.
Then allow the indicators to back into a "projected stock price"
Then add ability to back calc a probabliity of success, stats, trigger points, buy sell signals etc.
Would definitely be something no other package would have nor do without a lot of work.
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Rank: Member
Groups: Registered, Registered Users, Subscribers Joined: 10/6/2005(UTC) Posts: 19 Location: Salt Lake City, Utah
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This correlates with a lot of other similar requests we have received. We therefore have it under consideration. Thank you for the suggestion.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 7/21/2005(UTC) Posts: 74 Location: Oklahoma USA
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In the meantime, here are my techniques I use to look forward in MetsStock. I use the forecasting models in Excel and create forward open, high, low and close data. I then transfer that data to MetaStock via the Downloader. I can then use all the features of MetaStock for various what if scenarios.
Here is a link to one of my eariler posts - see date 15 Aug 2005. http://forum.equis.com/v...ic.php?t=1488&highlight=
Charley
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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Thanks for the replies. Sounds like it is already happening but it seems a good idea to post
anything that you are doing "outside of" Metastock like you are already doing so they get an
idea of what we actually use it for.
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