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I require BUY/SELL indicators formula for Metastock, when following conditions are met:
Buy when 3EMA cross above 13EMA and 13EMA cross above 34EMA.
Sell when 3EMA cross below 13EMA and 13EMA cross below 34EMA.
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Rank: Advanced Member
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Joined: 7/25/2005(UTC)
Posts: 1,042
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Hi pmg
Here's an indicator formula that combines both Buy and Sell signals; one which can be easily changed into two separate indicators with last lines of "Buy" and "Sell" respectively.
If these signals alone are used for Buy and Sell in the same system then it is quite likely that some trades will return severe losses. This is because of the relatively infrequent (and unreliable) simultaneous crosses of two different EMA pairs. It might be better to test for relative values of one of the pairs, M13>M34 or M13<M34 for example. Just my opinion anyway.
{Forum Request Signals}
M3:= Mov(C,3,E);
M13:=Mov(C,13,E);
M34:=Mov(C,34,E);
Buy:= Cross(M3,M13) AND Cross(M13,M34);
Sell:=Cross(M13,M3) AND Cross(M34,M13);
Buy-Sell;
Roy (mstt)
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