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hi
i am new here
just started to learn about meta stock formulas recently
would appreciate if someone can tell me what is the right formula to identify the parabolic SAR cross over from top to bottom (ie triggers positive signal)
i tried this formula : Cross(C,SAR(0.02,0.2))
but it does not work
thanks
streamyx
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Rank: Advanced Member
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Joined: 4/1/2006(UTC)
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streamyx your cross(c,sar(0.02,0.2)) works perfectly;
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Rank: Member
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hi pp
I used this formula to scan but the results came out zero, did not capture any stocks at all. I am sure that particular day when i used this formula there were many stocks where the parabolic SAR moved from top to bottom for the first time.
i just want a formula that can capture the change in parabolic SAR from negative to positive.
would appreciate your help.
thanks again
streamyx
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Rank: Advanced Member
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streamyx,
the formula is working perfectly as i have said before. i think the problem is in exploration options because u have checked there load minimum records button. Load 32767 records (or less ;) ) and it should be ok
cheers
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Rank: Member
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Dear pp
thanks a million for your help!! it finally works hurray!!
i have asked so many people but they could not help me to solve the problem......
thanks again ;)
cheers
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Rank: Member
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dear pp
if you dont mind, can you tell me what is this data load thing for? and why do i need to set it to 32767 from the default 1300?
streamyx
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Rank: Advanced Member
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streamyx,
i can tell u what that load "thing" is for but i strongly suggest u to read the metastock help because u really nneed it. In that way u will not be anymore at the mercy of others; for a fast answer to ur question open metastock help check The Explorer section it will explain better than me
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Rank: Advanced Member
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Was thanked: 2 time(s) in 2 post(s)
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*PP wrote:Load 32767 records (or less ;) )
32767 records... sheeezzz - that's only about 130 years' worth of EOD data, PP.
How are we to search for any signals generated during the 1600's Tulip mania era, eh?
jose '-)
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Rank: Advanced Member
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well...:)) just to be sure :))
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Rank: Member
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dear pp
just to tell you that you suggestion works perfectly well
thanks ;)
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Rank: Advanced Member
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go on then, u have a long road ahead and if u allow me here is another one: after finishing with metastock in such way that u can turn any ideea in to an indicator/system/exploration/expert please don`t expect to just write a code and earn money. everybody (well...almost...) knows how to code but the hardest part is to make a real strategy wich gives you enough confidence to trade and not to gamble, that is possible in my opinion only by reinventing the wheel or another way stated using proprietary technical analysis methods.
Btw, i am not a millionaire or somekind of guru so maby i am wrong but what i have said is based on my own experiences watching (US markets) and trading (local market) for... well a nice number (2007-2000 ;) ?) of years now.
good luck
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Rank: Advanced Member
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Joined: 4/18/2007(UTC)
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Location: sydney australia
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Streamyx, this formula of yours is really short & simple, but very effective. nearly all the stocks which come up, have some merit for trading. if I might suggest an additional line, just to separate the wheat from the chaff:
AND VOLUME>200000 AND V*WC()>=60000
that means good volume and at least $60K worth traded on the day. you can of course change these figures if you think they are too high or too low.
anther interesting thing I noticed: the stocks showing a change in their SAR seem to fall into two distinct categories: those which are recovering from a slump & those which have had a slight dip from the top & are about to recover from that. after trying out a few, I have used a moving average (the 100,E of the closing price) as a dividing line, which enabled me to divide it into two explorations, one for above & one for below that MA. all you do is, add the line
AND C>Mov(C,100,E)
to one exploration, and the line
AND C<Mov(C,100,E)
to the other, and you've got the two lots (the slump ones & the dip-from-top ones) neatly separated into two explorations. don't forget to give them two different names!
thanks for the formula.
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Rank: Member
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Dear Amory
thanks for sharing, you have given me a new idea to improve the way i use parabolic
cheers
streamyx
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Rank: Member
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dear pp
how about if i want to scan for parabolic crossover on a weekly basis instead of daily closing basis, any idea how i modify the formula?
thanks
streamyx
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Rank: Advanced Member
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U should modify the exploration not the formula. When u edit (create) a exploration there is a options button and from there u should set the exploration periodicity to weekly.
take care ;)
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Rank: Member
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