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MS Support  
#1 Posted : Thursday, February 7, 2013 11:55:58 AM(UTC)
MS Support

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BC Low’s article, “Identify the Start of a Trend with DMI,” Presented several patterns to signal the beginning and ending of trends. Below are the MetaStock formulas for those signals. These are binary formulas that will have a value of zero normally and the value of 1 (one) when the signal is found. They can be used in any of the formula tools. The steps to enter them an exploration are listed below:

To create an Exploration:

1. Select Tools > the Explorer.
2. Click New
3. Enter a name for the exploration
4. Select the Filter tab and enter the formula
5. Click OK to close the exploration editor.

The formulas are:

ADX clusters

Formula for the start of move
:

a1:= ADX(3);
a2:= ADX(4);
a3:= ADX(5);
a1 = a2 AND a1 = a3 AND a1 < 30


Formula for the end of a move:

a1:= ADX(3);
a2:= ADX(4);
a3:= ADX(5);
70 < min(a1, min(a2, a3)) AND
cross(0, roc(a1,1,$)) AND
cross(0, roc(a2,1,$)) AND
cross(0, roc(a3,1,$))


+DI clusters

Formula for a market bottom:


p1:= PDI(5);
p2:= PDI(8);
p3:= PDI(14);
mark:= 10 > Max(p1, Max(p2, p3)) AND
5 > Min(p1, Min(p2, p3));
Ref(mark,-1) AND ROC(p1,1,$)>0 AND
ROC(p2,1,$)>0 AND ROC(p3,1,$)>0


Formula for a strong buy:

a1:= ADX(3);
a2:= ADX(4);
a3:= ADX(5);
p1:= PDI(5);
p2:= PDI(8);
p3:= PDI(14);
mark:= 10 > Max(p1, Max(p2, p3)) AND
5 > Min(p1, Min(p2, p3));
70 < min(a1, min(a2, a3)) AND
90 < max(a1, max(a2, a3)) AND
cross(0, roc(a1,1,$)) AND
cross(0, roc(a2,1,$)) AND
cross(0, roc(a3,1,$)) AND
Ref(mark,-1) AND ROC(p1,1,$)>0 AND
ROC(p2,1,$)>0 AND ROC(p3,1,$)>0


-DI clusters:

Formula for a market top:


m1:= PDI(5);
m2:= PDI(8);
m3:= PDI(14);
mark:= 10 > Max(m1, Max(m2, m3)) AND
5 > Min(m1, Min(m2, m3));
Ref(mark,-1) AND ROC(m1,1,$)>0 AND
ROC(m2,1,$)>0 AND ROC(m3,1,$)>0


Formula for a strong sell:

a1:= ADX(3);
a2:= ADX(4);
a3:= ADX(5);
m1:= PDI(5);
m2:= PDI(8);
m3:= PDI(14);
mark:= 10 > Max(m1, Max(m2, m3)) AND
5 > Min(m1, Min(m2, m3));
70 < min(a1, min(a2, a3)) AND
90 < max(a1, max(a2, a3)) AND
cross(0, roc(a1,1,$)) AND
cross(0, roc(a2,1,$)) AND
cross(0, roc(a3,1,$)) AND
Ref(mark,-1) AND ROC(m1,1,$)>0 AND
ROC(m2,1,$)>0 AND ROC(m3,1,$)>0
Sanibel  
#2 Posted : Saturday, May 3, 2014 9:25:29 PM(UTC)
Sanibel

Rank: Newbie

Groups: Registered, Registered Users, Unverified Users
Joined: 5/4/2014(UTC)
Posts: 2

This is excellent work. I have yet to see anyone else develop these formulas.

Since I am new to writing explorations, I would like to ask if the formulas above would result in 4 separate explorations or are some of them combined? Are the market formulas only for the S&P500? Thank you.
Laisze  
#3 Posted : Sunday, May 4, 2014 3:37:19 AM(UTC)
Laisze

Rank: Advanced Member

Groups: Registered, Registered Users, Subscribers
Joined: 11/18/2007(UTC)
Posts: 96
Location: HK


Hmm... I wonder why you "have yet to see anyone else develop these formulas", Sanibel...

Could it be because "Formula for a strong buy" and "Formula for a strong sell" both give exactly the same signals? That is, if you can find any of these rare signals on a chart...
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