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Hi everyone,
I have been successfully using the security function to make reference to other charts to help identify the direction of the Broad Market, for example:
Security("ONLINE:STW.AX",Fml("Rahul Mohindar Osc (RMO)"))>0
However is there some code I can append to my above formula to make the Security function reference a Weekly chart instead of Daily chart?
I very much like using the RMO in a weekly time-frame, find it helps with smoothing and trend following.
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Did you trying changing the Periodicity of the chart?
Either click the capital "D" at the bottom-right and change it to a "W", or double-click the X-Axis, click on the 2nd tab and pick Weekly.
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Thankyou for the quick reply,
I can manually switch the chart to weekly for sure, but that will not be a solution when running a back test of 200 + stocks using TradeSim.
My trading system has rules that look at charts in both a daily timeframe and weekly timeframe with various indicators.
As mentioned above I need a way to code this for automation
Thanks
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Hi GT
My Multi-Frame indicators (weekly periodicity in your case) can be used to pick up current or historical weekly values for most MS functions and/or custom formulas. Whether or not your custom formulas can be adapted to the Multi-Frame format is an unknown at this point but with 150 different functions / formulas already available there's a good chance that conversions are possible.
RMO is a proprietary product and for that reason it's not a potential prospect for conversion. Using live data could also be a problem, but not one that would necessarily rule out using Multi-Frame formulas. I'm prepared to work with you to see if your needs can be met by the Multi-Frame concept. However, since my MF tools are also proprietary I cannot do so via this forum. Please contact me by email if you wish to persue this avenue in looking for a solution your problem.
Roy
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Rank: Advanced Member
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Location: Midwest, USA
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If you need specific help, you're gonna have to list the rules you're trying to code. Personally, I don't have the RMO, so someone else may have to step in here. Without that, can't really offer much beyond the idea of simple substitution -- like adjusting the number of bars; ie: For a 10 bar weekly MA, use a 50-bar daily MA. You might have a look at Roy Larsen's weekly and multi-timeframe indicators. Also, there is some weekly stuff on Jose Silva's site.
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Hi Roy and Johnathan,
Thank you both for taking the time to reply to my question.
I’m rather shocked and disappointed that Metastock does not allow me to make reference to a weekly chart using the Security Function.
If I can manually change a charts periodicity to weekly, surly there is a Metastock formula to reference a weekly chart.
And for Johnathan here is a basic example of what I’m looking at doing:
I would like to trade stock “ABC” when it’s trading above RMO 0 using a daily chart,
BUT only when Stock XYZ is trading above RMO 0 using a weekly chart.
Fml("Rahul Mohindar Osc (RMO)")>0
AND
Security("ONLINE:XYZ.AX",Fml("Rahul Mohindar Osc (RMO)"))>0
As mentioned in an earlier post, I’ve just been switching the chart to weekly manually on Stock XYZ to see if it’s above RMO 0.
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