Plot as a custom indicator or use in the Explorer to find breakout stocks with high volume confirmation. B. Dynamic Volatility Bollinger Bands
Metastock is a popular technical analysis software used by traders and investors to analyze and visualize financial markets. Metastock formulas are used to create custom indicators, oscillators, and trading systems. In this report, we will discuss some new metastock formulas that can be used to gain a better understanding of market trends and make informed trading decisions.
This formula, aimed at identifying momentum leaders, checks for new highs, similar to the logic used by top trend followers 1.2.4. New All Time Highs H > Ref(Highest(H), -1) Use code with caution. metastock formulas new
RSIdiv := RSI(14) - Ref(RSI(14),-1); Cdiv := C - Ref(C,-1); Cross(RSIdiv,0) AND Cdiv < 0
Note: these are concise, illustrative examples — tweak parameters for your timeframe and instrument. Plot as a custom indicator or use in
// The False Break Detector MA200 := Mov(C, 200, S); Breakout := Cross(C, MA200); VolSurge := (V / Ref(V, -1)) > 2.0; Overbought := RSI(5) > 85; Sell_Signal := Breakout AND VolSurge AND Overbought; Sell_Signal
Name: Volatility-Adjusted Breakout Signal Lookback := 20; Multiplier := 2.0; UpperBand := Mov(Cl, Lookback, S) + (Multiplier * ATR(Lookback)); LowerBand := Mov(Cl, Lookback, S) - (Multiplier * ATR(Lookback)); BuySignal := Cross(Cl, UpperBand); SellSignal := Cross(LowerBand, Cl); ValueWhen(1, BuySignal - SellSignal <> 0, BuySignal - SellSignal); Use code with caution. Breakdown of the Logic Metastock formulas are used to create custom indicators,
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MetaStock formulas are a set of instructions that tell the software how to calculate a specific value or perform a particular task. These formulas can be used to create custom indicators, such as moving averages, relative strength index (RSI), and Bollinger Bands. They can also be used to create trading systems, which are sets of rules that determine when to buy or sell a security.
Use ... to comment on your formula logic. It helps when debugging complex scripts.