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Supposing I want to plot a 5 day moving average of the low and want to extend it for the current price bar and 3 more into the future ---would the MSFL be:-
Ref (Mov(MP(L),5,s),3)
OR
Signal:=Ref(Mov(MP(L),5,S),3);
Defined:=IsDefined(Signal);
Signal:=ExtFml("Forum.Sum",Signal,1);
If(Defined,Signal,Mid(L,5));
Also,
if I replaced Low with typical price would it be:-
Ref (Mov(MP(O+H+L+C)/4),5,s),3)
OR
Signal:=Ref(Mov(MP(O+H+L+C)/4),5,S),3);
Defined:=IsDefined(Signal);
Signal:=ExtFml("Forum.Sum",Signal,1);
If(Defined,Signal,Mid(O+H+L+C)/4,5));
Can someone help?
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Rank: Advanced Member
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Location: Glastonbury, CT
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Any formula using a FORWARD Ref function, is useless in Metastock!
Metastock does not plot any formula forward into the future, It only plots up to the last bar of collected data!
Using the Forward Ref function,will require that you wait the number of bars forward ref you use!
The only benefit that I could see in using this would be to create some sort of cycle indicator!It could plot past cycles ,peaks or troughs of past events.
Line Studies can be plotted into the future!
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Rank: Advanced Member
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Joined: 1/20/2012(UTC)
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henry1224 wrote:Any formula using a FORWARD Ref function, is useless in Metastock!
Metastock does not plot any formula forward into the future, It only plots up to the last bar of collected data!
Hi Gora,
Here is the workaround to MS "limitations".
Open your stock in Downloader, and after the last day (2/20/2013) type a new date together with new data of your choice.
Save, and look at your chart in MS. See how your "secret Indicator" is likely to behave tomorrow.
Repeat procedure with several dates & data, until you see what you looked for. When finished, delete all your fictional data, and wait to see the real prices the investing crowd will produce tomorrow.
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Rank: Member
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hi gora,
the most common and useful way to make use of a forward plot is, at the same time, rearwarding the actual (current) data array too and then doing own studies with the forward-indicator/rearward actual data combination...
some cycle analysts make extended use of this approach, at least in visual way... search, for example, for battleplan argument on the Internet.
cheers
Marco
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