Hi. I would like to use the explorer in Metastock but not very familiar with the built in functions. I want to detect high volume and tried choosing 1 day surge volume. However, the reports produced doesn't quite make sense. Even on low volumes, it shows. And on the chart there is no indicator. Seems not user friendly. Not sure if I am using it correctly. Any help is much appreciated. Thank you.

You need to see how the different pieces of Metastock work. Run through the "Getting Started" manual (it may be in your C:\METASTOCK folder, in PDF format, if you don't have it in print).


You chose a sample Exploration that does not have anything in the FILTER tab.

Since you have already run the Exploration, look at the RESULTS tab -- most of the securities you selected are there. You can click on the label at the top of a column to sort the list -- try that on the "1 Surge" column, and you'll see that most of the results are under 1.0, fewer above. (You can right-click on the list, then left-click to COPY it, for use in Excel.)

If you want to see ONLY the items over 1.0, add this to the FILTER tab, and make sure you click the OPTIONS button and check "Use Filter":

Now, run the Exploration again and look at the report; you'll see less items in the RESULTS tab, and far more items listed in REJECTS tab -- any errors OR items not meeting the FILTER tab criteria are here.


The different "pieces" of Metastock tie together by data and indicators; the manual doesn't really make this plain enough. There is no automatic match to a chart -- to see that, you need to copy the code from the Exploration, create a matching indicator, and drag it to a chart.

Once you are more familiar with how MS works, you CAN save a chart format as a template (*.MWT) file,; then you can apply that to any chart. Another alternative is to make your favorite template the default template (DEFAULT.MWT, but make a copy first), which will be used whenever you click the "Open Chart" button, if a chart has never been opened before on that particular symbol. It will then be automatically saved, as a "smart" chart (*.MWS) file. You can manually save a chart as a "regular" chart (*.MWC) file.


You can have a "baby buggy" or a "race car". If you like to ride in a buggy, use an online chart service. If you want to drive, MS is as friendly as you can expect -- you need to learn where the controls are, what they do, how they work and when to use them.


You're welcome. Hope that helps. Good luck.

Jason,

just to let you know that Metastock data reports volume differently than what you think

1 million shares is reported as 10000

so if your exploration is looking for assets that trade over 1 million shares and you write

V>1000000 metastock will look for assets that have traded volume of 100 million

hope this helps you in your code