Metastock Formulas New __hot__ Now

To maximize the effectiveness of MetaStock formulas, keep the following tips and tricks in mind:

If you are using the MetaStock Explorer to scan for setups, use this formula to find stocks that are "Gapping Up" with strength. metastock formulas new

Slope Calculation MA_Calc := Mov(C, Period, E); Slope := (MA_Calc - Ref(MA_Calc, -1)) / MA_Calc * 100; To maximize the effectiveness of MetaStock formulas, keep

Use ref(c,-1) to reference the previous day's closing price. New Formula Concepts for Modern Markets Define Fractal Pivot Low: Low is lower than

This formula calculates the number of standard deviations that the current price is away from the 20-period moving average.

Define Fractal Pivot Low: Low is lower than 2 bars left and right PivotLow := Ref(L,-2) < Ref(L,-1) AND Ref(L,-2) < L AND Ref(L,-2) < Ref(L,-3) AND Ref(L,-2) < Ref(L,-4);

Finds stocks where volume is 200% higher than the 20-day average. V > (Mov(V, 20, S) * 2) Use code with caution. Copied to clipboard 🚀 Best Practices for Beginners