MetaStock Exploration Formula

chartzone · #1 5th April 2006, 08:22 AM

Respacted Traderji & Seniors MS user,

I am new user of MetaStock pro 9.0

Please give me the MS Exploration Formula for example given below,

1st Day = 29/03/2006
2nd Day = 30/03/2006
3rd day = 31/03/2006

I want formula for below condition,

** 2nd Day's close > 1st Day's close and 2nd Day's volume > 1st Day's volume and 3rd Day's close > 2nd Day's close and 3rd Day's volume < 2nd Day's volume**

& Please let me guide from where I can learn MetaStock Formula Language,

I will be very Thankfull to you,

Prakash(chartzone)

Debraj · #2 5th April 2006, 10:48 AM

Hi Prakash,

You can start learning the MSFL by downloading the Equis Formula Primer from http://www.equis.com/Customer/Resources/. Also study the MS manual. Become a member of the official Equis Metastock Forum and of the Equismetastock ***** group, and study the formulas posted there.

As for the formula you have requested:

ref(c,-1)>ref(c,-2) {2nd Day's close > 1st Day's close}

and ref(v,-1)>ref(v,-2) {2nd Day's volume > 1st Day's volume}

and c>ref(c,-1) {3rd Day's close > 2nd Day's close}

and v<ref(v,-1) {3rd Day's volume < 2nd Day's volume}

Regards,

Debraj

chartzone · #3 5th April 2006, 08:25 PM

Quote:

Originally Posted by Debraj

Hi Prakash,

You can start learning the MSFL by downloading the Equis Formula Primer from http://www.equis.com/Customer/Resources/. Also study the MS manual. Become a member of the official Equis Metastock Forum and of the Equismetastock ***** group, and study the formulas posted there.

As for the formula you have requested:

ref(c,-1)>ref(c,-2) {2nd Day's close > 1st Day's close}

and ref(v,-1)>ref(v,-2) {2nd Day's volume > 1st Day's volume}

and c>ref(c,-1) {3rd Day's close > 2nd Day's close}

and v<ref(v,-1) {3rd Day's volume < 2nd Day's volume}

Regards,

Debraj

Thank you very much for your help Debraj

bluesea · #4 11th April 2006, 07:47 PM

dear debraj,
i am writting an xprt. i usd differnt logic for buy/sell signal and stop. now my problem is i want that 'stop' signal should come after generation of either buy or sell signal. but since the logic is different the stop often comes when ther is no buy/ sell signal before that. this is making the xpert confusing.
i wnt stop signal should only generate when there is a buy/sell signal preceeding that.

regards

Debraj · #5 11th April 2006, 09:06 PM

Hi bluesea,

You will need to use Roy's latch for this.
.................................................. .................................................. ..
set:= your buy/sell formula;

reset:=your exit formula;

init:=Cum(set+reset>-1)=1;

trade:=BarsSince(init OR set)<BarsSince(init OR reset);

trade

AND Alert(trade=0,2)
.................................................. .................................................. ..

Alternatively, you can download the free ForumDLL from http://forum.equis.com/. You will need to register (free). Go to MetaStock Online Group Forum Index -> Forum Downloads -> Stable Release -> Forum Dll. Also download the manual. By using the dll you will be able to get rid of unwanted signals too.

Regards,

Debraj

bluesea · #6 11th April 2006, 10:32 PM

thanks for ur reply, debraj.

. hwever, i am little confused b'coz of the last two lines. i would be highly obliged if u state spcifically what to write for buy/sell and for stop, separetly

regards

bluesea

Debraj · #7 11th April 2006, 11:12 PM

Hi bluesea,

It is not clear from your first post whether you are using the same condition to exit a buy and a sell. Assuming they are different, these are the expert symbols:
.................................................. .................................................. ....
BUY:

set:= your buy formula;

reset:=your buy exit formula;

init:=Cum(set+reset>-1)=1;

trade:=BarsSince(init OR set)<BarsSince(init OR reset);

trade

AND Alert(trade=0,2)

.................................................. .................................................. ..

BUY EXIT:

set:= your buy exit formula;

reset:=your buy formula;

init:=Cum(set+reset>-1)=1;

trade:=BarsSince(init OR set)<BarsSince(init OR reset);

trade

AND Alert(trade=0,2)

.................................................. ..........................................

SELL:

set:= your sell formula;

reset:=your sell exit formula;

init:=Cum(set+reset>-1)=1;

trade:=BarsSince(init OR set)<BarsSince(init OR reset);

trade

AND Alert(trade=0,2)

.................................................. ..................................................

SELL EXIT:

set:= your sell exit formula;

reset:=your sell formula;

init:=Cum(set+reset>-1)=1;

trade:=BarsSince(init OR set)<BarsSince(init OR reset);

trade

AND Alert(trade=0,2)

.................................................. ...........................................

Regards,

Debraj

bluesea · #8 12th April 2006, 08:42 AM

dear debraj

thankx for your prompt reply. i thnk my problem will certainly be sorted out with ur generous advice. by the way i hv dn loaded the dll.
regards
bluesea

soumya_b · #9 15th April 2006, 06:18 PM

hi debraj,

could u pls help me how to import .dll formula file into MS?
best regards,
soumya

Debraj · #10 15th April 2006, 07:11 PM

Hi soumya,

Just put it in the External Function DLLs folder. Usually located C-> Program files-> Equis->Metastock. Restart MS to register.

To use it go to Paste functions. Scroll down left window (Function category).
Highlight dll. Function(s) will be available in the right window.

Regards,

Debraj

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