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Sam7768  
#1 Posted : Tuesday, October 25, 2005 10:52:03 AM(UTC)
Sam7768

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Hi, Need help ! How to use Heikin-Ashi formula as a explorer in Metastock ? Bought "HA Add-on" but it is consuming lot of time to use it. If I can use HA Formula as one of the explorer screener in Metastock, life would become wonderful. =D> please, please help !!!
wabbit  
#2 Posted : Tuesday, October 25, 2005 11:26:19 AM(UTC)
wabbit

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You can still program H-A indicators in MS without having any addons... xClose = (Open+High+Low+Close)/4 xOpen = (PREV + Ref(Close,-1))/2 xHigh = Max(High, xOpen, xClose) xLow = Min(Low, xOpen, xClose) Program your normal explorations using these instead. e.g. you might look for a H-A MA crossover z:=mov(xClose,21,e)>mov(xClose,55,e); z and alert(z=0,2); etc Hope this helps. wabbit :D
Sam7768  
#3 Posted : Tuesday, October 25, 2005 12:17:49 PM(UTC)
Sam7768

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Thanks a ton! =D> =D> =D> I will try this and will take your help further if required. Thanks a lot.... Regards, Sam
wabbit  
#4 Posted : Tuesday, October 25, 2005 12:54:24 PM(UTC)
wabbit

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Sam, Forgot to nest the Max and Min functions... try this: xClose = (Open+High+Low+Close)/4; xOpen = (PREV + Ref(Close,-1))/2; xHigh = Max(Max(High, xOpen), xClose); xLow = Min(Min(Low, xOpen), xClose); Sorry 'bout that! wabbit :D
Sam7768  
#5 Posted : Tuesday, October 25, 2005 1:11:46 PM(UTC)
Sam7768

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Thanks once again. And sorry for my dumb question :? Where should I use the formula in Metastock ?. I tried to create it in "Explorer Editor" under "Filter" and it is not accepting. And Yes, :roll: I am a real novice in this formulas creation. What I am looking for is "to view HA Charts thro Metastock". Pl advise / guide. Thanks a lot for your time... Regards, Sam
wabbit  
#6 Posted : Tuesday, October 25, 2005 2:00:22 PM(UTC)
wabbit

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Sam MS only allows candle charts to be displayed for equity data. To be able to view H-A charts in MS you will have to download your data from your data provider, who will normally provide OHLCV data (Open, High, Low, Close, Volume). You will need to convert this data into H-A using the formulas provided, using some other third party software, like Excel, Downloader or similar. Save the reformatted data as a new equity, then MS will be able to display the H-A candlesticks. I am sure there has been some work done on this in the forum previously.. see http://forum.equis.com/viewtopic.php?t=735&highlight=heikin
Sam7768  
#7 Posted : Tuesday, October 25, 2005 2:08:21 PM(UTC)
Sam7768

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Ok... Understood. :D Thanks again. Regards, Sam
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