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nasdaqtrader  
#1 Posted : Monday, August 7, 2006 12:59:27 PM(UTC)
nasdaqtrader

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I'm looking onto creating a Momentum Scan in Metastock Exploration.

The Momentum scan will filter stock with the following criteria.

  • New All Time High
  • Quartley Earnings Increasing
  • Minimum Price $5.00 Maximum Price $100.00
  • Indicator >= 2
  • Market Capital .= $2 Billion
  • Volume % Increasing >= 200%
  • Average Volume > 100,000

How would we create a Exploration in Metastock? Would it be possible to create in Metastock?

Any Body have any suggestion that can help me create the formula.

Thank you

Nasdaqtrader

Regards, Frank Koenig Trade Like a Pro Trend is your Friend
henry1224  
#2 Posted : Monday, August 7, 2006 5:46:30 PM(UTC)
henry1224

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The Momentum scan will filter stock with the following criteria.

  • New All Time High
  • Quartley Earnings Increasing
  • Minimum Price $5.00 Maximum Price $100.00
  • Indicator >= 2
  • Market Capital .= $2 Billion
  • Volume % Increasing >= 200%
  • Average Volume > 100,000

H=Highest(H)

Quarterly Earnings are a fundamental Analysis value, You will have to create this value for every asset

C>5 and C<100

What type of indicator?

Market Capital is another Fundamental data value, Again you will have to create this value for every asset

Volume % of todays volume or against an average?

Mov(V,10,S)>100000 { I used a 10 bar average}

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