Rank: Newbie
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Joined: 5/26/2013(UTC)
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Hi , everyone . I am a beginner with metastock. I am looking for a formula to scan when the candlestick touches the bottom bollinger band .Can somebody help on the exploration code for scaning this ? Thanks a lot!
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Rank: Advanced Member
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Joined: 10/29/2004(UTC)
Posts: 1,394
Location: Glastonbury, CT
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Here is your freebie! Code:
Signal:=If(Cross(H,BBandTop(C,20,S,2)),1,If(Cross(BBandBot(C,20,S,2),L),-1,0));
Signal<>0
Just cut and paste it into an exploration, the above code will show a +1 for when the high crosses above the BBand Top and -1 for when the low crosses below the BBand bottom! Do your self a favor and read the manual that comes with Metastock and then go through the formula primer that is in the forum! Knowing what you have coded and how it should work will save you thousands of dollars!
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Rank: Newbie
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Joined: 5/26/2013(UTC)
Posts: 3
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