Rank: Newbie
Groups: Registered, Registered Users Joined: 1/17/2011(UTC) Posts: 2
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Hello,
Maybe You could help me.
I want to make an explorer that runs on weekly data and also on daily data to find entry possibilities. I understand that I can make several explorers, scan weekly and daily data separately and get the result. But it would be great to have possibility to do at once.
For example it simply could be like this.
1. MACD /ref(MACD,-5)>1,5 (weekly data) AND
2. Stochastic Oscillator-ref(SO,-5) >10 (daily data)
Is there any possibility to make such an explorer?
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 7/25/2005(UTC) Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi Karolisd
Yes it is possible to scan for weekly and daily values in the same exploration. One way to do thiis requires the Power Pivots plugin. My Multi-Frame indicators can also plot weekly, monthly or quarterly values for many functions and a number of custom formulas using daily data. Naturally these indicators can also be called by an exploration.
One of the potential problems when scanning for weekly or higher periodicitiy values on daily data is that much more data must be loaded. This can result in slower exploration times thereby negating the advantage offered by a single exploration. If I were to scan for weekly MACD results on daily data I would need to load from 500 to 600 daily bars to ensure that MACD results were accurate. Running the same exploration of weekly bars would only require 120 or so bars to be loaded.
Roy
MetaStock Tips & Tools
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Rank: Newbie
Groups: Registered, Registered Users Joined: 1/17/2011(UTC) Posts: 2
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Hi,
Thanks for reply.
Could you please send just an example how looks the formula [i mean what is sample logarithm] that could screen both weekly and daily data?
Karolis
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers Joined: 7/25/2005(UTC) Posts: 1,042
Was thanked: 57 time(s) in 54 post(s)
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Hi Karolis
The file that can be download from the link below contains three demonstration Multi-Frame SMA indicators and the Forum DLL. Two of the formulas are for intraday data use and the one with "D" in the name is for use with dailiy or higher data.
Sample Multi-Frame SMA self-installing EXE file
Use Fmll("Multi-Frame D SMA Demo") in a test exploration to return the weekly SMA value from daily data. Make sure that you load at least 100 bars of data for the exploration. The formulas are password protected and even if you could access the code it wouldn't show you how to generate an accurate MACD. My Multi-Frame product does give access to all MFL code, and it now includes a user-adjustable MACD as well as the regular version.
Roy
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