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Please help to write metastock formula for the explorer
Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/23/2010(UTC)
Posts: 8
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I wanna write metastock formula for the explorer of metastock with the following requirements:
(1) close price is larger than 3,5,8,10,12,15,30,35,40,45,50,60EMA and
(2) ADX is larger than 20 and DMI+ is higher than DMI- and
(3) MACD = or > 0
Please help! Many thanks!
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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How about:
a1:=(C>Mov(C,3,E))*
(C>Mov(C,5,E))*
(C>Mov(C,8,E))*
(C>Mov(C,3,E))*
(C>Mov(C,10,E))*
(C>Mov(C,12,E))*
(C>Mov(C,15,E))*
(C>Mov(C,35,E))*
(C>Mov(C,40,E))*
(C>Mov(C,45,E))*
(C>Mov(C,50,E))*
(C>Mov(C,60,E));
a2:=(ADX(14)>20)*(PDI(14)>MDI(14));
a3:=MACD()>=0;
a4:=a1*a2*a3;
a4
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/23/2010(UTC)
Posts: 8
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Thanks johnl,
But I don't understand why using * for each end of the formulae?
Would you mind telling me the reason? Many thanks!
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Rank: Newbie
Groups: Registered, Registered Users
Joined: 12/22/2010(UTC)
Posts: 1
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The C>mov() is a logical statement that returns 1 if the current price is greater than the moving average or it returns 0 if the price is less than or equal. So in order to evaluate all those moving averages if one is 0 then the entire muliplication will be 0.
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 11/7/2005(UTC)
Posts: 602
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I could have used "AND" instead of * and arrived at the same answer.
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Please help to write metastock formula for the explorer
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