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Hi,
I'm trying to pick between different charting packages so I just want to ask a question about Metastock. I'm particularly interested in adopting Jim Berg's strategy. Can anyone tell me if it is possible to scan for stocks that have produced a blue bar entry signal in the past X number of days?
Many Thanks.
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OK.... I will bite
What is a Blue Bar entry? If you define exactly what it is, we can tell you if its possible!
wabbit :D
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Jim uses MetaStock, so it is very likely that the "blue bar signal" is possible.
jose '-)
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lotal wrote:Hi,
I'm trying to pick between different charting packages so I just want to ask a question about Metastock. I'm particularly interested in adopting Jim Berg's strategy. Can anyone tell me if it is possible to scan for stocks that have produced a blue bar entry signal in the past X number of days?
Many Thanks.
is that strategy coded in experted advisor, indicator or system tester
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Hi Lotal,
the answer is yes.
The expert is covered in Stocks & Commodities V. 23:2 (14-20): The Truth About Volatility by Jim Berg
To see if a stock has been a 'blue bar' in the last couple of days you could use something like,
barssince('blue bars') < 5; in an exploration
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Rank: Newbie
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I see. Thanks for the replies.
Another question. Is it possible to back test such a strategy? That is, is it possible to tell the system tester to buy when there is a 'blue bar'? I'm just a little confused. I haven't used metastock before so sorry for the questions. Since the blue bar signal is not an an indicator, but an adviser, is it possible to use it as a buy signal to back test?
Further, how complex can an entry signal be in the system tester (or tradesim)? Say i want the system to test a buy if RSI < 40 and blue bar signal within 10 days. Is such combination possible to be used as an entry signal?
Many Thanks.
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Rank: Advanced Member
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Rank: Advanced Member
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Lotal
With one or two rare exceptions the MetaStock Formula Language is exactly the same for all Metastock primary tools, i.e. the Explorer, System Tester, Expert Advisor and Indicator Builder. The functions that are unique to a particular tool can be counted on one hand and do not really affect the portability of code from one tool to another.
Roy
MetaStock Tips & Tools
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