exploration formula required for donchian channel

#1
Dear Metastock experts
Kindly help me creating exploration for finding stocks crossing mid channel of donchian channel either from abv or from below.


Thanks in advance
 
#2
Create these two Indicator in indicator builder


Donchian Channel :

upch:= Ref(HHV(H,20),-1);
dnch:= Ref(LLV(L,20),-1);
midch:=(upch+dnch)/2;
upch;dnch;midch

Donchian Midchannel :

upch:= Ref(HHV(H,20),-1);
dnch:= Ref(LLV(L,20),-1);
midch:=(upch+dnch)/2;
midch

------------------------------------------------------------------------------
This is your exploration
Exploration Donchian midpoint crossover :

Column A : Bullish
C>(Fml( "Donchian Midchannel") AND Ref(C,-1)<
Ref(Fml( "Donchian Midchannel")-1)

Column B : Bearish
C<(Fml( "Donchian Midchannel") AND Ref(C,-1)>
Ref(Fml( "Donchian Midchannel")-1)

Filter : Column A =1 OR Column B =1
 

yasu222

Active Member
#5
DEAR DAYTRADER SIR

CAN U HELP ME WITH MAKING METSTOCK EXPERT ADVISER FOR THIS EXPLORATION, KINDLY MAIL ME @ [email protected]


Thanks in advance


CREATE NEW EXPERT ADVISOR AS CHANNEL SIGNALS

UNDER SYMBOLS -

BUY
C>(Fml( "Donchian Midchannel") AND Ref(C,-1)<
Ref(Fml( "Donchian Midchannel")-1)

SELL
C<(Fml( "Donchian Midchannel") AND Ref(C,-1)>
Ref(Fml( "Donchian Midchannel")-1)

THEN FINISH
 
#6
Dear Sir/meta Stock Expert

The formula for crossover needs one more condition and that is last candle should cross the high of previous one for bullish signal and for bearish it should cross the previous low on downside.

Can anyone add this condition for both exploration and expert adviser.

Thanks in advance

sameer
 

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