![]() ![]() this is incorrect and produces todays close, todays close minus one and todays close minus two. Higher Closes - uses close, close-1 and close-2 to represent elements in the price array. Gap formula: has an incorrect filter colb and colb don't exist and the gapup function returns 0 or 1 It looks like this filter has been copied from "Historical Volatility System, Connors and Raschke's" It's nicely presented but contains a number of formulae copied from other sites that have typo's and errors in them. I've been looking at your site on paritech. Sure, it's not a posisiton manager, nor a fundamental tool, but in terms of tech analaysis functionality, I haven't come across anything better, the only equal being the old Tradestation. I have access to reams of different titles of software (we sell over 20 titles globally) ranging from basic charting through fundamental and option software right up to grey and black box titles, and call me biased, but once past the learning curve, I find the features and functionality better than anything else I've found on the market. I've created literally hundreds, if not thousands more, and as a support service to my clients (I work for Paritech), I actually write these formula and email to the client for free.īut as has been said before, I don't think that the formulae functions are the be all and end all. The above basically looks for a range that within the last 40 days has not expanded to more than 10% of the total cost per share. I can utilise all of these criteria in Metastock. I look for tight trading ranges that have held support/ resistance for a period of 4 - 8 weeks, confirm internal strength and trade from the breakout. For example, I'm big on trading breakout patterns. I find the flexibility of being able to find exactly what I want indispensable. Irrespective, Metastock comes prepackaged with an array of predefined filters, system tests, experts, etc and for those who are going to upgrade to V7.2, the number grows considerably. In around 8 weeks from now I will be releasing the Metastock Companion Guide, which is a book specifically designed to help those who wish to foray inot the world of Metastock formula writing. ![]() They are located at:Īs an aside, having also been a Metastock users for some years now, feel free to pass any formula requests my way, and I will (within reason) write the filters or system tests for you. ![]() I would firstly like to point current Metastock users in the direction of a number of resource bases where a multitude of Metastock formulae can be found. After reading through the post on Metastock, it seemed clear to me that the limitation that users are experience is focussed solely on the Metastock formula language. ![]()
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