Hi everyone, I am new using metastock and I wonder whether is possible to create the formula to find one of my favorites chart patterns: the high and tight flag pattern. I have no idea on how to create new indicators or formulas, I just got metastock a few days ago, but after having a look at this forum I think it might be possible to create such formula. Anyone who may help? Thanks !!!

Thanks Wabbit, You can have a look at this http://www.womenswallstr...ews/ibd/ibd.aspx?aid=375 I will try to find a better description of it. :roll: Pyrri

Well it would take a lot of time to code the instructions as per http://mysite.verizon.net/resppzq7/htf.html and I am sure that it throw up a large number of false positives. My recommendation, use your exisiting knowledge and the MS Users Manual and Equis Formula Primer to code the first criteria, 90% rise in two months. Put that in an exploration and run it to find all the candidate charts, then flick through them to eyeball the rest of the pattern. Although I am sure that someone is making money from their identification of the 253 patterns in the books, I just doubt whether the time spent to find this pattern would give adequate returns? wabbit :D

Because I have finished my exams now !!! YAY !!! =D> :yahoo: :thumbup: Here is my take on finding the change in the price in the last two calendar months of the chart... --8<------------------------------ {Exploration} {ColA - %} theDay:=LastValue(DayOfMonth()); theMonth:=LastValue(Month()); theYear:=LastValue(Year()); {subtract two months} theMonth:=theMonth-2; {roll back years and days as necessary} theYear:=If(theMonth<=0,theYear-1,theYear); leapYear:=Mod(theYear,4)=0 AND Mod(theYear,100)<>0 OR Mod(theYear,400)=0; theMonth:=If(theMonth<=0,theMonth+12,theMonth); theDay:= If(theMonth=4 OR theMonth=6 OR theMonth=9 OR theMonth=11,If(theDay>30,30,theDay), If(theMonth=2 AND leapYear, If(theDay>29,29,theDay), If(theMonth=2 AND leapYear=0,If(theDay>28,28,theDay),theDay))); x:=Year()>theYear OR (Year()=theYear AND (Month()>theMonth OR Month()=theMonth AND DayOfMonth()>=theDay)); y:=x AND Alert(x=0,2); i:=Cum(1)=1; (x>0)*(100*C)/ValueWhen(1, y OR i,C); --8<------------------------------ This will return a percentage change of the last close versus the close of the first bar traded two calendar months ago. Set your filter as required, in this case you want a 190% rise in the period... so --8<------------------------------ {Filter} ColA>=190 --8<------------------------------ I hope you find this useful. Let me know if there are any bugs. ( I have had a few glasses of wine tonight, so expect anything from the code! :onebeer: :boire: ) wabbit :D

Yes I have finished my University exams for this semester. I am at Uni having spent 18 years in the workforce after leaving school, so I am no spring-chicken! !!! That's AUSTRALIAN, mate!!! You know, one of the few teams in the World Cup second round! Grab your copy of the MS USers Manual and a glass or two of wine and go the the code line by line. There is no rocket science in there, it is all just simple data processing. This is the best way to learn, take some existing code to pieces to find out how it works. You will quickly discover there are many ways to achieve the same result, what I have shown is just one method. Its not really 190% percent rise, think of it more like a multiplier. If the price is the same now as it was 2 months ago the ratio is 1 or 100%, if the price now is half of the price then the value will be 0.5 or 50%, if the price has increased by 90% over the time period the value will be 1.9 or 190% A note about the code, the explorer will return the difference of the last bar in the chart versus the bar two calndar months ago. If the price has skyrocketted and come back down, this will not shown in the exloration; similarly, if the price has plummetted and come back up, this will not be shown in the explorations. If you need to include/exclude these events then you will need to modifiy the last line(s) of the code slightly. wabbit :D