Rank: Advanced Member
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Joined: 5/22/2005(UTC)
Posts: 59
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Is it possible to write a formula in Meatstock Explorer to find stocks that are currently in "parabolic trend"?
Please help....thanks in advance!
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Rank: Advanced Member
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Joined: 10/28/2004(UTC)
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Location: Perth, Western Australia
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Parabolic trend (like Guppy describes) cannot be done directly in MS.... but you can look for an increasing rate of change if the price or an indicator that could be equated to a sort of 'parabola'
Try something along the lines of:
threshold:=Input("Acceration lower limit %",-100,100,10)/100;
x:=Mov(C,5,E);
x3:=ROC(x,3,%);
x9:=ROC(x,9,%);
x15:=ROC(x,15,%);
find:=x3>x9 and x9>x15 and x15>Threshold;
find
Hope this helps.
wabbit :D
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users
Joined: 10/28/2004(UTC)
Posts: 3,111
Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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... or another way is to use the same period and Ref() it back to see the change in this indicator, something like:
x:=ROC(Mov(C,3,S),5,%);
pds:=Input("Consecutive periods",1,100,5);
Sum(x>Ref(x,-1),pds)=pds
Hope this helps.
wabbit :D
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Rank: Advanced Member
Groups: Registered, Registered Users
Joined: 5/22/2005(UTC)
Posts: 59
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Hi wabbit,
Both HELP!! Many thanks.... :P
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