Free Metastock Indicator & System

[uasish]

My Free contibution:
A New type of MACD
Any codes when displayed in this forum if does not gets criticised then it can safely be concluded this is 'Original' in it's form accepted as being the 1st Code Internationaly accepted :

http://forum.equis.com/forums/permalink/23375/23375/ShowThread.aspx#23375

The 2nd Most popular forum for Free Metastock Formula

http://www.brave.net.au/ms/list_indicators.php?alpha=R#

Free "System Trading Code"
A Contratrend Entry


http://www.brave.net.au/ms/list_indicators.php?alpha=C#

In Monte Carlo test it gives above 63 % Hit with v.good Avg Profit Rupee wise
& with little tweaking it jumps to 76% Hit & still better Avg Profit.

These are Freely given in this Forum since few months.

 

[sikandar]

Dear Uasish
Explain something about Monte Carlo
regards sikandar

 

[uasish]

One of the method of Back Test which Simulates 200/500 types for each past trade to create an actual Mkt enviourment artificially.Acknowledged world over as being one of the best back test method.

 

[uasish]

To one humble learner of this forum :=
The following code has helped me in past.(Though presently i dont use this one)

Tweak this as per your requirements,i used to see the 3rd or 4th Top / Bottom,with breaking Trendline of this indicator ,with zero line penetration.


"Market - Efficiency - Ratio"
.........................................................8.........................................
{Market Efficiency Ratio}

pds:= Input("Periods",3,200,8);
Speed:= C - Ref(C, -pds);
Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
Efficiency:= Speed / Volatility;
MER:= Mov(Mov(Efficiency, 5,E),3,E);
MER;
0;
........................................................8..........................
This is for Metastock
If you develop something interesting plz. keep us posted.

 

[uasish]

Possible method to Use.

 

[chintan786]

hi asish da, I have Metastock 9 version. I have pasted the formula given by u in indicator builder but neither it opened in new window nor i know wht to do.

I am not very well versed with meta ..... I appriciate if u help me out of this in step by step manner( may be i am asking for spoon feeding ... but plz...)



chintan

 

[uasish]

Plz copy paste from second bracket to zero colon ,means in between
........8...........
.........8....

 

[chintan786]

thanks Asish da for ur prompt reply... but this is wht i get at my end..

 

[chintan786]

ur indicator for me qualify for the category of HOLYGRAIL....( acc. to the picture posted by ) and I love if I also have tht one....

 

[chintan786]

ok .. i get it.... U posted for Intraday data of Nifty future... and mine is nifty EoD...may thts why both are different ....