Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 4/7/2019(UTC)
Posts: 5
Location: Calgary
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Friends,
I am new to writing formulas in MetaStock - I would like to create something that I can run on an exploration that will indicate me a value that is crossing through -.5 or +.5.
The formula is as follows (to plot the indicator):
plot:= RSI(5);
ph:=LastValue(Highest(plot));
pl:=LastValue(Lowest(plot));
pf:=10/(ph-pl);
v1:= ((plot-pl)*pf)-5;
v2:= Mov(v1,9,W); .5;
-.5;
(Exp(2*v2)-1)/(Exp(2*v2)+1)
Also, please see https://www.metastock.co...er/resources/tasc/?id=60 for a detailed explanation.
Thank you!
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Rank: Advanced Member
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Joined: 10/8/2010(UTC)
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Originally Posted by: CalgaryCoolCat  Friends,
I am new to writing formulas in MetaStock - I would like to create something that I can run on an exploration that will indicate me a value that is crossing through -.5 or +.5.
The formula is as follows (to plot the indicator):
plot:= RSI(5);
ph:=LastValue(Highest(plot));
pl:=LastValue(Lowest(plot));
pf:=10/(ph-pl);
v1:= ((plot-pl)*pf)-5;
v2:= Mov(v1,9,W); .5;
-.5;
(Exp(2*v2)-1)/(Exp(2*v2)+1)
Also, please see https://www.metastock.co...er/resources/tasc/?id=60 for a detailed explanation.
Thank you!
Hi, This would not take much modification, and it would also depend on how you wanted the information to display in your exploration report. You could modify as follows:
Column A: Above+.5 Code:plot:= RSI(5);
ph:=LastValue(Highest(plot));
pl:=LastValue(Lowest(plot));
pf:=10/(ph-pl);
v1:=((plot-pl)*pf)-5;
v2:=Mov(v1,9,W);
fin:=(Exp(2*v2)-1)/(Exp(2*v2)+1);
Cross(fin,.5);
Column B: Below-.5 Code:plot:= RSI(5);
ph:=LastValue(Highest(plot));
pl:=LastValue(Lowest(plot));
pf:=10/(ph-pl);
v1:=((plot-pl)*pf)-5;
v2:=Mov(v1,9,W);
fin:=(Exp(2*v2)-1)/(Exp(2*v2)+1);
Cross(-.5,fin);
Filter:
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Rank: Newbie
Groups: Registered, Registered Users, Subscribers
Joined: 4/7/2019(UTC)
Posts: 5
Location: Calgary
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Hello, I will try that. Thank you for your help, I really appreciate it.
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