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Metastock Formulas - S

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Same Direction
Setting up the ADX Template
Shark-32 System, Walter Downs
Shark Pattern
Shifted TSMA Indicator
Short term horizontal trading ranges
Sideways Channels Exploration
Signal Formulas
Sine Weighted Moving Average
SIROC Indicator From Elder
Slope of a Linear Regression Line
Special Trix
Stix Indicator
Short Volume Wave
Slope of a Line
Standard Error Bands for MetaStock for
Win
Simple Moving Average with Resistance
and Support

Stochastic and RSI System
Stochastic MA System
Stochastic Momentum
Stochastic Momentum Indicator
StochPVT Indicators
Stoch RSI
Stop Loss Indicator
ST Oscillator
Starc Band
Support and Resistance
Support and Resistance Levels
System Test Examples
Stochastic %D
Stochastic Wave Long
Stochastic Wave Short
Support and Resistance
Smoothing Techniques for More
Accurate Signals

Same Direction

{It returns the number of periods the close is moving in the same direction. A positive
number indicates ascending close prices, a negative descending ones and zero unchanged
ones}

If(C>Ref(C,-1) AND Ref(C,-1)>Ref(C,-2),PREV+1,
If(C<Ref(C,-1) AND Ref(C,-1)<Ref(C,-2),PREV-1,
If(C>Ref(C,-1) AND Ref(C,-1)<=Ref(C,-2),1,
If(C<Ref(C,-1) AND Ref(C,-1)>=Ref(C,-2),-1,
0))))

This formula might be useful as a component of other indicators, systems or explorations,
rather than as a stand-alone indicator.

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Setting up the ADX Template

This constructs the template mentioned in the ADX article of the October 1999 issue of
TASC by Paul Babbitt.

1. Chart your stock/index/whatever, using a "Clean" template, then do the same again, so
that the two overlapping charts are displayed.

2. On the menu bar, click Windows, then Columns. The two charts will then be displayed
side-by-side.

3. Change the left-hand chart from Daily to Weekly. Right click on the date scale and select
X-Axis. Set the displayed range of dates to what you want, e.g., 1996 to 1999. Make sure
the loaded dates range starts earlier. Click the Margin tab and set the margin to 1.

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4. From the Indicator drop-down list select Moving Average and drag it to the left-hand
chart. A 40 period on the weekly chart corresponds to a 200 day MA.

5. For the right-hand chart, leave it at a daily interval but set the X-Axis as in paragraph 3
above to, say, a 3-month display.

6. Drag the Bollinger Band indicator to the right-hand chart.

7. Drag the Directional Movement ADX indicator to the top of the right-hand chart until the
cursor changes to a box, then release. Set the horizontal lines as desired.

8. Similarly drag the RSI indicator to the bottom of the right-hand chart.

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Shark-32 System, Walter Downs

The Shark exit signals don't appear to be all that good. In some cases, the sell signals
provide good opportunities for short-selling, but the signals appear to be too few and far
between to rely on them for sell signals for long trades. The Shark pattern occurs too
infrequently, and there's no guarantee it'll occur when the trend reverses. With long trades,
you'd have to look to other indicators, such as CCI, as you say, or maybe Parabolic SAR. You
could use price breaking below certain moving averages, too -- or moving- average
crossovers.

Seems like entry but no exits in Shark. maybe standard CCI(13) with 200 and -150
triggers.

The shark pattern signals, in the third window in the chart I sent, were really just alerts
showing that the shark pattern had occurred on those days. The shark system is based on
the close rising above levels set when the shark pattern occurs. The levels are set by the
high and low in the shark pattern, and the close must break through them within 25 days of
the signal.

The shark pattern, in other words, isn't a buy or sell signal. The buy signals were shown in
the second window of the chart I sent. The window is labeled "Shark buy signal." Also, the
signals are marked by green arrows over the price plot in the first window of the chart. I
didn't include sell signals in the chart I sent earlier today. In the case of MU, the sell signals
weren't very good, to be honest.

The Shark system is really based on two separate events: the occurrence of the pattern and
then the signal.

The pattern isn't the signal. The system gives a signal if and when the stock breaks above
the high point in the pattern over the next 25 days. The high on the first day of the pattern
sets that high point. It's like a resistance level, set by the highest point in the shark fin.
Sometimes the stock doesn't break above it, so there's no signal. The Shark pattern shows
consolidation, which may indicate an expansion in price to come. But the breakout doesn't
always occur. If the stock breaks below the low point in the pattern, there's a sell signal.

The idea behind the system is: Look for a three-bar shark pattern, based on progressively
smaller ranges. It looks like a shark fin. Once that pattern appears, a level is set by the
highest point in the fin, which is the high(-2). In the scan, I call that level "Sharkhigh." To
get a buy signal, the price has to close above that level within 25 days. If you want to plot
"sharkhigh" over a chart with the price, you can do it with the "BuyOK" part of the
Metastock formula by plotting this in the Expert Adviser:

Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);

Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,
{ try Ref(L,-1)>Ref(L,-2)), without the "=1"}
If(apex <= (Ref(H,-2)-(WB*Symmetry)) AND Apex >=
(Ref(L,-2)+(WB*Symmetry)) ,1,0),0);

Buyok:=Cross(C,ValueWhen(1,Shark=1,Ref(H,-2)));
{try Buyok:=ValueWhen(1,Shark=1,Ref(H,-2));}

Chk:=Cum(Buyok)-ValueWhen(1,Shark=1,Cum(Buyok));

ValidChk:=Alert(Shark=1,25);

Buy:= Buyok=1 AND Ref(Chk,-1)=0 AND ValidChk=1;

Buy OR Ref(Buy,-1) OR Ref(Buy,-2) OR Ref(Buy,-3) OR Ref(Buy,-4) OR
Ref(Buy,-5);

From: Brooke

For the pattern in the Indicator Builder:

Symmetry:=.28;
Apex:=(H+L)/2;

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WB:=Ref(H,-2)-Ref(L,-2);

If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2)),
If(apex <= (Ref(H,-2)-(WB*Symmetry)) AND Apex >=
(Ref(L,-2)+(WB*Symmetry)) ,1,0),0);

That's like a resistance level that the price has to break through. It lasts for 25 days or
until a new Shark signal appears.

Combining Statistical and Pattern Analysis, Shark – 32 - Walter T.
Down, TASC 10/1998
Equis

First, choose Expert Adviser from the Tools menu in MetaStock 6.5.
Next, choose New and enter the following formulas:

Name:
Click the Name tab and enter "Shark – 32" in the Name field.

Trends:
Click the Trends tab and enter the following formulas in the Bullish
and Bearish fields.

Bullish: Mov(C,5,S)>Mov(C,20,S);

Bearish: Mov(C,5,S)<Mov(C,20,S);

Highlights:

Click the Highlights tab, choose New, and enter "3rd Bar" in the Name field. Now change the
color in the Color field to Blue. Finally, enter the following formula in the Condition field, and
then choose OK.

Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);
Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,If(Apex <=
(Ref(H,-2)-(WB*Symmetry)) AND Apex >= (Ref(L,-2)+(WB*Symmetry))
,1,0),0);
Shark;

Using the same method as above, enter the following 2 highlight formulas.

Name: 2nd Bar
Color: Blue
Condition:
Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);
Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,If(Apex <=
(Ref(H,-2)-(WB*Symmetry)) AND Apex >= (Ref(L,-2)+(WB*Symmetry))
,1,0),0);
Ref(Shark,+1)=1;

Name: 1st Bar
Color: Blue
Condition:
Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);
Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,If(Apex <=
(Ref(H,-2)-(WB*Symmetry)) AND Apex >= (Ref(L,-2)+(WB*Symmetry))
,1,0),0);
Ref(Shark,+2)=1;

Symbols:
Click the Symbols tab, choose New and enter "Shark Buy" in the Name field. Now enter the
following formula in the Condition field.

Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);
Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,If(apex <=
(Ref(H,-2)-(WB*Symmetry)) AND Apex >= (Ref(L,-2)+(WB*Symmetry))
,1,0),0);
Buyok:=Cross(C,ValueWhen(1,Shark=1,Ref(H,-2)));
Chk:=Cum(Buyok)-ValueWhen(1,Shark=1,Cum(Buyok));
ValidChk:=Alert(Shark=1,25);

{Note* The above ValidChk variable makes the Shark signal valid for 25 periods. If the price
does not cross above the High value of the base within 25 periods, you will not receive a
signal. You can change the number of periods by changing 25 to the number of periods you

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desire. *}

Buy:= Buyok=1 AND Ref(Chk,-1)=0 AND ValidChk=1;
Buy;

Click the Graphic tab. Change the symbol in the Graphic field to Buy Arrow. Now change the
color in the Color field to Green. Finally, type "Buy" in the Label field, and then choose OK.

Using the Same method as above, enter the following Symbol formula.

Name: Shark Sell
Condition:
Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);
Shark:=If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2))=1,If(apex <=
(Ref(H,-2)-(WB*Symmetry)) AND Apex >= (Ref(L,-2)+(WB*Symmetry))
,1,0),0);
Sellok:=Cross(ValueWhen(1,Shark=1,Ref(L,-2)),C);
Chk:=Cum(Sellok)-ValueWhen(1,Shark=1,Cum(Sellok));
ValidChk:=Alert(Shark=1,25);

{Note* The above ValidChk variable makes the Shark signal valid for 25 periods. If the price
does not cross below the Low value of the base within 25 periods, you will not receive a
signal. You can change the number of periods by changing 25 to the number of periods you
desire.*}

Sell:= Sellok=1 AND Ref(Chk,-1)=0 AND ValidChk=1;
Sell;
Symbol: Sell Arrow
Color: Red
Label: Sell

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Shark Pattern

Symmetry:=.28;
Apex:=(H+L)/2;
WB:=Ref(H,-2)-Ref(L,-2);

If((H<Ref(H,-1) AND L>Ref(L,-1) AND Ref(H,-1)<Ref(H,-2) AND
Ref(L,-1)>Ref(L,-2)),
If(apex <= (Ref(H,-2)-(WB*Symmetry)) AND Apex >=
(Ref(L,-2)+(WB*Symmetry)) ,1,0),0);

{simply place the above in the filter section}

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Shifted TSMA Indicator

You could use the Reference (Ref) function to shift your indicator back in time and you
could add or multiply by a constant or variable to give your indicator a vertical shift. I've
never used a time series moving average so I'm kind of out of my league, but I guess it
could look like this:

TSMA:= Mov(CLOSE,5,TIMESERIES);
ShiftedTSMA:= Ref(TSMA, -1) + 2;
ShiftedTSMA

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Signal Formulas

MetaStock for Windows System Tester
01_R2/Regress Slope/MFI/TSF - (Vol Rqd)

Enter Long:
Alert(RSquared(C,21) < 0.15,21) AND
LinRegSlope(C,34) > opt1 AND
HHV(LinRegSlope(C,34),5) =
HHV(LinRegSlope(C,34),13) AND
HHV(MFI(55),5) = HHV(MFI(55),13) AND
HHV(TSF(C,55),5) = HHV(TSF(C,55),13)
Close Long:
LLV(TSF(C,55),5) = LLV(TSF(C,55),13) AND
LinRegSlope(C,34) < opt1
Enter Short:
Alert(RSquared(C,21) < 0.15,13) AND
LinRegSlope(C,34) < opt2 AND
LLV(LinRegSlope(C,34),5) =
LLV(LinRegSlope(C,34),13) AND
LLV(MFI(55),5) = LLV(MFI(55),13) AND

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LLV(TSF(C,144),5) = LLV(TSF(C,144),13)
Close Short:
HHV(TSF(C,144),5) = HHV(TSF(C,144),13)
OPTIMIZATION VARIABLES

OPT1: Min = -0.10 Max = 0.00 Step = 0.10
OPT2: Min = -0.20 Max = 0.00 Step = 0.10
STOPS ALL OFF

02_R2/Regress Slope/CMO - All
SIGNAL FORMULAS

Enter Long:
Alert(RSquared(C,21) < 0.15,21) AND
LinRegSlope(C,34) > opt1 AND
HHV(LinRegSlope(C,34),5) =
HHV(LinRegSlope(C,34),13) AND
CMO(C,55) > 0 AND
C = HHV(C,5)
Close Long:
LinRegSlope(C,34) < opt1 AND
CMO(C,55) < 0 AND
C = LLV(C,5)
Enter Short:
Alert(RSquared(C,21) < 0.15,13) AND
LinRegSlope(C,34) < opt2 AND
LLV(LinRegSlope(C,34),5) =
LLV(LinRegSlope(C,34),13) AND
CMO(C,55) < 0 AND
C = LLV(C,5)
Close Short:
LinRegSlope(C,34) > opt2 AND
CMO(C,55) > 0 AND
C = HHV(C,5)
OPTIMIZATION VARIABLES

OPT1: Min = -0.10 Max = 0.00 Step = 0.10
OPT2: Min = -0.20 Max = 0.00 Step = 0.10

STOPS ALL OFF

03_R2/Regress Slope/Qstick - (OHLC Rqd)
SIGNAL FORMULAS

Enter Long:
Alert(RSquared(C,21) < 0.15,21) AND
LinRegSlope(C,34) > opt1 AND
HHV(LinRegSlope(C,34),5) =
HHV(LinRegSlope(C,34),13) AND
Qstick(55) > opt1 AND
HHV(Qstick(55),5) = HHV(Qstick(55),13)
AND C=HHV(C,5)
Close Long:
LinRegSlope(C,34) < opt1 AND
Qstick(55) < opt1 AND
C = LLV(C,5)
Enter Short:
Alert(RSquared(C,21) < 0.15,13) AND
LinRegSlope(C,34) < opt2 AND
LLV(LinRegSlope(C,34),5) =
LLV(LinRegSlope(C,34),13) AND
Qstick(55) < opt2 AND
LLV(Qstick(55),5) = LLV(Qstick(55),13)
AND C = LLV(C,5)
Close Short:
LinRegSlope(C,34) > opt2 AND
Qstick(55) > opt2 AND
C = HHV(C,5)

OPTIMIZATION VARIABLES

OPT1: Min = -0.10 Max = 0.00 Step = 0.10
OPT2: Min = -0.10 Max = 0.00 Step = 0.10

STOPS ALL OFF

04_R2/Regress Slope/CCI/TSF - All
SIGNAL FORMULAS

Enter Long:
Alert(RSquared(C,21) < 0.15,21) AND
LinRegSlope(C,34) > opt1 AND
HHV(LinRegSlope(C,34),5) =
HHV(LinRegSlope(C,34),13) AND
HHV(CCI(55),5) = HHV(CCI(55),13) AND
CCI(55) > 0 AND
HHV(TSF(C,55),5) = HHV(TSF(C,55),13)

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AND C = HHV(C,5)
Close Long:
LLV(TSF(C,55),5) = LLV(TSF(C,55),13) AND
LinRegSlope(C,34) < opt1 AND
CCI(55) < 0 AND
C = LLV(C,5)
Enter Short:
Alert(RSquared(C,21) < 0.15,13) AND
LinRegSlope(C,34) < opt2 AND
LLV(LinRegSlope(C,34),5) =
LLV(LinRegSlope(C,34),13) AND
LLV(CCI(55),5) = LLV(CCI(55),13) AND
LLV(TSF(C,144),5) = LLV(TSF(C,144),13)
AND C = LLV(C,5)
Close Short:
HHV(TSF(C,144),5) = HHV(TSF(C,144),13) AND
C = HHV(C,5)
OPTIMIZATION VARIABLES

OPT1: Min = -0.10 Max = 0.00 Step = 0.10
OPT2: Min = -0.20 Max = 0.00 Step = 0.10

STOPS ALL OFF

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Short term horizontal trading ranges

exploration by Jim Greening

HHV(C,21) < 1.1*Mov(C,21,S) AND
LLV(C,21) > 0.9*Mov(C,21,S)

{place the formulas above in the filter section; nothing else is required}

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Sideways Channels Exploration

Periodicity: Daily

Formulas

ColumnA: Top
Mov(Peak(1,H,1),45,S)-Ref(Mov(Peak(1,H,1),45,S),-45)

ColumnB: Bottom
Mov(Trough(1,L,1),45,S)-Ref(Mov(Trough(1,L,1),45,S),-45)

Filter:
ColA < 1 AND ColA > -1 AND ColB < 1 AND ColB > -1

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Sine Weighted Moving Average

{from Equis}

PI:=3.1415926;
SD:=180/6;
S1:=Sin(1*180/6)*C;
S2:=Sin(2*180/6)*Ref(C,-1);
S3:=Sin(3*180/6)*Ref(C,-2);
S4:=Sin(4*180/6)*Ref(C,-3);
S5:=Sin(5*180/6)*Ref(C,-4);
Num:=S1+S2+S3+S4+S5;
Den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
Num/Den

I use the peak and trough function in MetaStock to show support and resistance levels. It
could also be used as a trailing stoploss method.

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SIROC Indicator From Elder

ROC(Mov(C,13,E),21,%)

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Slope of a Linear Regression Line

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The following custom formula will return the slope of a Linear Regression Line.
tp:=Input("Time Periods",1,200,21);

((tp*(Sum(Cum(1)*C,tp)))-(Sum(Cum(1),tp)*(Sum(C,tp))))/((tp*Sum(Pwr(Cum(1),2),tp))
-
Pwr(Sum(Cum(1),tp),2))

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SPECIAL TRIX

This is my own version of the well-known indicator, TRIX. I have had much better results
with this than the canned version that comes with every charting program.

trix(12)-ref((trix(12)),-1)

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Stix Indicator

Mov((H+L)/2,5,S)-Mov((H+L)/2,35,S)

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Stochastic and RSI System

Mov((RSI(8)-LLV(RSI(8),8))/(HHV(RSI(8),8)-(LLV(RSI(8),8))),5,w)*100

A formula like this works best with confirming indicators. If the MACD 13-34-89 is above
the zero line (purple line in window 2 above), it confirms and uptrend and the indicator is
usually more accurate. If the MACD 13-34-89 is below the zero line, then a "short"
indication from the StochRSI may give better results.StochRSI 13 also gives excellent
indicators- in this index it had 4 out of 5 winning signals in two year period. The time
between signals is of course longer. Check this method out on your favorite issues.

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Stochastic MA System

enter long
mov(stoch(55,21),5,w)>ref(mov(stoch(55,21),5,w),-1)
and mov(stoch(55,21),5,w)<75 and
mov(stoch(55,21),5,w)>20
exit long
(mov(stoch(55,21),5,w)<75 and
ref(mov(stoch(55,21),5,w),-1)>75)
enter short
(mov(stoch(55,21),5,w)<70 and
ref(mov(stoch(55,21),5,w),-1)>70) and
mov(stoch(55,21),5,w)<ref(mov(stoch(55,21),5,w),-1)
exit short
mov(stoch(55,21),5,w)>ref(mov(stoch(55,21),5,w),-1)
and mov(stoch(55,21),5,w)<75 and
mov(stoch(55,21),5,w)>20

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Stochastic Momentum

SMI-Plex:=
StochMomentum(2,1,2)+StochMomentum(3,2,1)+StochMomentum(4,2,3)+StochMomentum
(5,3,5)+StochMomentum(8,21,13)+StochMomentum(13,25,2)

SMI13E-Plex:=
Mov(StochMomentum(2,1,2)+StochMomentum(3,2,1)+StochMomentum(4,2,3)+StochMome
ntum(5,3,5)+StochMomentum(8,21,13)+StochMomentum(13,25,2),13,E)

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Stochastic Momentum Indicator

{Appeared in the January 1993 issue of Stocks & Commodities magazine}

100 * ( Mov( Mov(C - (.5 * ( HHV(H,13) + LLV(L,13))),25,E),2,E) / (.5*Mov(
Mov( HHV(H,13) - LLV(L,13),25,E),2,E)))

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StochPVT Indicators

Though not directly related to the volume percent indicator, I have recently been using a
volume indicator that I wrote myself in MetaStock's formula language. It uses the same idea
that Chande used to turn RSI into the StochRSI oscillator and the preprogrammed Price
Volume Trend function. Price Volume Trend is similar to On Balance Volume, except that as

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the volume is accumulated, it is weighted according to the percent price change from the
previous close.

I use fast and slow "stochastic" lines to judge when either accumulation or distribution is
taking place. I used a look back period of 19 days which fits my style. Signals are
generated by the fast crossing above or below the slow lines. I have not worked with it
enough to say whether or not divergences offer signals too.

Formulas for the StochPVT are shown below:

{Fast line}

Mov((PVT()-LLV(PVT(),19))/
(HHV(PVT(),19)-LLV(PVT(),19)), 5, S)

{Slow Line}

Mov(Mov((PVT()-LLV(PVT(),19))/
(HHV(PVT(),19)-LLV(PVT(),19)), 5, S),3,S)

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Stoch RSI

Although I keep the best of the bunch as a "super secret" for friends, relatives, and clients
... here is a smattering of formulae that might be useful. StoRSI's perform very differently
when you plug in various numbers. Experiment and determine which are most suitable for
your style and markets. Substitute numbers, apply moving averages, get creative. These are
just a few:

((RSI(21)-LLV(RSI(21),8))/((HHV(RSI(21),13))-LLV(RSI(21),13)))

((RSI(21)-LLV(RSI(21),21))/((HHV(RSI(21),21))-LLV(RSI(21),21)))

((RSI(14)-LLV(RSI(14),14))/((HHV(RSI(14),14))-LLV(RSI(14),14)))

Mov((RSI(21)-LLV(RSI(21),13))/(HHV(RSI(21),8)-(LLV(RSI(21)+.00001,13))),8,E)*100

Mov((RSI(5)-LLV(RSI(5),5))/(HHV(RSI(5),5)- (LLV(RSI(5),5))),3,E)*100

Mov((RSI(13)-LLV(RSI(13),13))/(HHV(RSI(13),13)- (LLV(RSI(13),13))),3,E)*100

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Stop Loss Indicator

periodsshort:=Input("periods if short",1,50,10); periodslong:=input("periods
if long",1,50,10);

HHV(H,periodsshort)-atr(periodsshort);{stop loss level for short positions}
LLV(L,periodslong)+ATR(periodslong);{stop loss level for long positions}

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ST Oscillator

{The StTO is really nothing unique. It is basically a momentum indicator and plots very
similar to the "Chande Momentum Oscillator" with the main difference being the "StTO"
doesn't seem to swing as far as the CMO. I am not sure how the math is calculated for the
CMO, but the (basic) math for the StTO is:

(Close- Yesterday's Close) /(H-L)}

{Here is the MetaStock code I use:}

{name: StTO}

{Short-term Trend Oscillator}

Lb:=Input("Smoothing Period?",1,60,5);
Num:=C-Ref(C,-1);
Den:=H-L;
Mn:=If(Mov(Num,Lb,S)=0,.01,Mov(Num,Lb,S));
Md:=If(Mov(Den,Lb,S)=0,.01,Mov(Den,Lb,S));
(Mn/Md)*100

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Starc Band

STARC BAND Formula = (Mov(Typical(),5,S))

Starc Upper Band:
Fml( "STARC BAND" )+ (ATR(15)*1.33)

Strona 9

Metastock Formulas - S

2014-10-14 14:05:25

http://www.meta-formula.com/Metastock-Formulas-S.html

Starc Lower Band:
Fml( "STARC BAND" )-(ATR(15)*1.33)

Any five day moving average will work.

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Support and Resistance

I wrote this MetaStock Expert for calculating the support 1 & 2 and resistance 1 & 2 as per
Futures magazine, October 1999, page 52.

FIRST RESISTANCE: WRITEVAL(-L+(2* (H+L+C)/3),1.2)
SECOND RESISTANCE: WRITEVAL(((H+L+C)/3) +((-L+(2*
(H+L+C)/3))-(-H+(2* (H+L+C)/3))),1.2)
FIRST SUPPORT:
WRITEVAL(-H+(2*(H+L+C)/3),1.2)
SECOND SUPPORT: WRITEVAL(((H+L+C)/3)
-((-L+(2* (H+L+C)/3))-(-H+(2* (H+L+C)/3))),1.2)

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Support and Resistance Levels

AVd:=If(CLOSE>Ref(Peak(1,H,1) ,-1),
{then}1,
{else}If(CLOSE<Ref(Trough(1,L,1),-1),
{then}-1,
{else}0));
ANv:=ValueWhen(1,AVd<>0,AVd);
SuRe:=If(ANv=-1,
{then}Peak(1,H,1),
{else}Trough(1,L,1));
SuRe;

{StochCMO}

mp1:=Input("RSI Periods",1,377,13);
mp2:=Input("Stoch Periods",1,377,13);
mp3:=Input("Slowing Periods",1,377,1);
mp4:=Input("EMA Periods",1,377,5);

Mov(Sum((CMO(c,mp1)-LLV(CMO(c,mp1),mp2)),mp3)/Sum((.0000001+(HHV(CMO(c,mp1),
mp2)-(LLV(CMO(c,mp1),mp2)))),mp3),mp4,E)*100

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System Test Examples

from Glen Wallace

"Buy at the open plus half the average true range of the last ten days?"

HIGH >= OPEN + 0.5*Ref(ATR(10), -1)

"If these two moving averages cross today, buy on tomorrow's open."

MA1:= Mov(CLOSE, 10, SIMPLE);
MA2:= Mov(CLOSE, 20, SIMPLE);
Ref(Cross(MA1, MA2), -1)
(with System Testing Options | Testing tab | Entry Price set to "Open" and delay set to
zero)

"Exit five bars after entry."

EntryCondition:= {your trade entry conditions};
BarsSince(EntryCondition >= 5)

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Short Volume Wave

if(oscv(1,50,S,%),>,0, if(V,>,ref(V,-1),1,0),0)

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Slope of a Line

The following custom formula returns the slope of a line. For example, this formula returns
the slope of a 14 day run of the security's closing prices.

( (14 * (Sum(Cum( 1 ) * C ,14 ) ) ) - (Sum(Cum( 1 ) ,14 ) * (Sum( C ,14) ) ) ) /
( (14 * Sum(Pwr (Cum( 1 ) ,2 ) ,14 ) ) - Pwr(Sum(Cum( 1 ) ,14 ) ,2 ) )

Strona 10

Metastock Formulas - S

2014-10-14 14:05:25

http://www.meta-formula.com/Metastock-Formulas-S.html

To apply this to different lines you would replace C with the desired syntax for the line. For
example the slope of a 25 period simple moving average would be:

( ( Sum(Cum(1) * Mov(C,25,S),14) ) - (Sum(Cum(1),14) * Sum(Mov(C,25,S),14) / 14) )
/ ( (Sum(Power(Cum(1),2),14) ) - (Power(Sum(Cum(1),14),2) / 14) )

You could also make this a universal formula by using the P variable. You could then plot
the formula on top of any line.

( (14*(Sum(Cum(1)*P,14) ) ) - Sum(Cum(1),14)*(Sum(P,14 ) ) ) / ( (14*Sum(Pwr(Cum
(1),
2 ),14 ) )-Pwr(Sum(Cum(1),14),2 ) )

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Standard Error Bands for MetaStock for Windows

For interpretation refer to the article "Standard Error Bands", in the September 96 issue of
TASC, written by Jon Anderson.

21 period Upper Band (smoothed):

Mov((21 * Sum(Cum(1) * C,21) - Sum(Cum(1),21) * Sum(C,21)) /
(21 * Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) * Cum(1) + (Mov(C,21,S)
- Mov(Cum(1),21,S) * (21 * Sum(Cum(1) * C,21) - Sum(Cum(1),21) * Sum(C,21))/
(21 * Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) +2*(Sqrt(((Sum(Power(C,2),
21)-(Power(Sum(C,21),2)/21)) -((Sum(Cum(1)*C,21))-((Sum(Cum(1),21)*Sum(C,21)/21)
)
)/ ((Sum(Power(Cum(1),2),21))-(Power(Sum(Cum(1),21),2)/21)) *((Sum(Cum(1)
*C,21))-((Sum(Cum(1),21)*Sum(C,21)/21)))) /19)),3,S)

21 period Lower Band (smoothed):

Mov((21 * Sum(Cum(1) * C,21) - Sum(Cum(1),21) * Sum(C,21)) / (21
* Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2)) * Cum(1) +(Mov(C,21,S)
- Mov(Cum(1),21,S) * (21 * Sum(Cum(1) * C,21) - Sum(Cum(1),21) * Sum(C,21))/ (21
* Sum(Pwr(Cum(1),2),21) - Pwr(Sum(Cum(1),21),2))) - 2*(Sqrt(((Sum(Power(C,2)
,21)-(Power(Sum(C,21),2)/21)) -((Sum(Cum(1)*C,21))- ((Sum(Cum(1),21) * Sum(C,21)
/21)
)) / ((Sum(Power(Cum (1),2),21))-(Power(Sum(Cum(1),21),2)/21))*((Sum(Cum(1)*C,21)
)
- ((Sum(Cum(1),21)*Sum(C,21)/21)))) /19)),3,S)

21 period R2 (smoothed):

Mov((Pwr(Corr(Cum(1),C,21,0),2)),3,S)

21 period Regression Slope:

(((Sum(Cum(1)*C,21))-(Sum(Cum(1),21)*Sum(C,21)/21)) / ((Sum(Power(Cum(1),2)
,21))-(Power(Sum(Cum(1),21),2)/21)))

21 period %A:

((C-Fml("21 period lower band (smoothed)")) / (Fml("21 period upper band(smoothed)
") -Fml("21 period lower band (smoothed)")))

21 period Regression (smoothed):

Mov((21*Sum(Cum(1)*C,21)-Sum(Cum(1),21)*Sum(C,21))/ (21*Sum(Pwr(Cum(1),2),21)-
Pwr(Sum(Cum(1),21),2))*Cum(1) +(Mov(C,21,S) - Mov(Cum(1),21,S) * (21*Sum(Cum(1)
* C,21) - Sum(Cum(1),21)*Sum(C,21))/(21*Sum(Pwr(Cum(1),2),
21) -Pwr(Sum(Cum(1),21),2))),3,S)

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Stochastic %D

The following formula is a three day moving average of a 14 day Stochastic. In MetaStock
for Windows this would be the indicator line that is plotted with the built in Stochastic
indicator

Mov( ( ( ( C - LLV( L,14 ) ) /( HHV( H,14 ) - LLV( L,14 ) ) ) * 100 ) ,3 ,S )

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Stochastic Wave Long

if(ref(stoch(14,3),-1),=,llv(stoch(14,3),3),2, if(stoch(14,3),=,llv(stoch(14,3),3),1,0))

Strona 11

Metastock Formulas - S

2014-10-14 14:05:25

http://www.meta-formula.com/Metastock-Formulas-S.html

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Stochastic Wave Short

if(ref(stoch(14,3),-1),=,hhv(stoch(14,3),3),2, if(stoch(14,3),=,hhv(stoch(14,3),3),1,0))

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Support and Resistance

Think of security prices as the result of a head-to-head battle between a bull (the buyer)
and a bear (the seller). The bulls push prices higher and the bears push prices lower. The
direction prices actually move reveals who is winning the battle.

Support levels indicate the price where the majority of investors believe that prices will
move higher, and resistance levels indicate the price at which a majority of investors feel
prices will move lower.

To create the Support and Resistance indicator in MetaStock use the following custom
formula:

LookBack := Input("Look Back Periods",1,1000,10);
Resistance :=ValueWhen(1,Cross(Mov(C, LookBack,
S),C),HHV(H, LookBack));
Support :=ValueWhen(1,Cross(C,Mov(C, LookBack,
S)),LLV(L, LookBack));
Resistance;
Support;

To use this formula most effectively, use the parameters dialogue to change the style to a
dotted line while increasing the line weighting.

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Simple Moving Average with Resistance and Support

In this issue, Dennis L.Tilley uses support and resistance to confirm price and SMA
crossover signals in his article "Simple Moving Average with Resistance and Support".

In MetaStock for Windows, you can easily recreate the SMARS Indicators discussed in
Tilley's article. First, choose Indicator Builder from the Tools menu in MetaStock 6.5. Next,
choose New and enter the following formulas:

Resistance and Support

LookBack := Input("Look Back Periods",1,1000,10);
Resistance :=ValueWhen(1,Cross(Mov(C, LookBack, S),C),HHV(H, LookBack));
Support :=ValueWhen(1,Cross(C,Mov(C, LookBack, S)),LLV(L, LookBack));
Resistance;
Support;

Resistance and Support * F

PrCnt:=Input("Percentage",0,100,10);
LookBack:= Input("Look Back Periods",1,1000,10);
Resistance:=ValueWhen(1,Cross(Mov(C,LookBack,S),C),HHV(H,LookBack));
Support:=ValueWhen(1,Cross(C,Mov(C,LookBack,S)),LLV(L,LookBack));
Resistance * ((100-prcnt)/100);
Support * ((prcnt/100)+1);

*Note: It is much easier to see the difference between the actual "Resistance and Support"
lines and the "Resistance and Support * F " lines if you change the color and/or style of one
of them.

To Display the Indicators in MetaStock 6.5 Drag the "Moving Average" indicator from the
Indicator QuickList into the price window. Choose Simple as the method, enter the time
periods and then click OK.

Now, drag the "Resistance and Support" indicator from the QuickList into the price window.
You will be prompted to enter the "Look Back" periods. You should select the same time
periods you used with the "Moving Average".

Finally, drag the "Resistance and Support * F" indicator into the price window. You will be
prompted to enter the "Percentage" and the "Look Back" periods. If you would like the
indicator to be a 10% difference from the "Resistance and Support" line, you would enter
10. You should select the same time periods you used with the "Moving Average".

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Smoothing Techniques for More Accurate Signals

The following MetaStock formulas are from the 1998 January TASC article "Smoothing
Techniques for more Accurate Signals", by Tim Tillson. Refer to his article for interpretation.

Strona 12

Metastock Formulas - S

2014-10-14 14:05:25

http://www.meta-formula.com/Metastock-Formulas-S.html

"More sophisticated smoothing techniques can be used to determine market trend. Better
trend recognition can be lead to more accurate trading signals."

ILRS

Periods:=Input("Periods?",2,63,11);
Size:=LastValue(Cum(1));
Start:=LastValue(Ref(Mov(P,Periods,S),Periods-Size));
Cum(LinRegSlope(P,Periods))+Start;

T3

Periods:=Input("Periods?",1,63,5);
a:=Input("Hot?",0,2,.7);
e1:=Mov(P,Periods,E);
e2:=Mov(e1,Periods,E);
e3:=Mov(e2,Periods,E);
e4:=Mov(e3,Periods,E);
e5:=Mov(e4,Periods,E);
e6:=Mov(e5,Periods,E);
c1:=-a*a*a;
c2:=3*a*a+3*a*a*a;
c3:=-6*a*a-3*a-3*a*a*a;
c4:=1+3*a+a*a*a+3*a*a;
c1*e6+c2*e5+c3*e4+c4*e3;

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If you have Metastock formulas you would like to share,
Please email to
We look forward to hearing from you!

To learn more about how to use Metastock and its formula

click here.

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