Metastock Formulas - B 1 Strona 1
Metastock Formulas - B 1
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Nlcolas Darvas
Better Bollinger Bands
MetaStock Llnks
Breaking out of Price Channels
Breakout signals
Rave Revlews
Bang For The Buck
About Us
Better Bollinger Bands
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In an artIcIe In Futures MagazIne, October 1998, DennIs McNIchoII descrIbes the use of
SlteMap
BoIIInger Bands and provIdes a means of makIng them tIghter when markets are trendIng.
He caIIs them Better BoIIInger Bands.
Here Is the formuIa for MetaStock 6.5 or hIgher.
pds:=Input("PerIods",2,200,20);
sd:=Input("Standard DevIatIons",.01,10,2);
aIpha:=2/(pds+1);
mt:=aIpha*C+(1-aIpha)*(If(Cum(1)ut:=aIpha*mt+(1-aIpha)*(If(Cum(1)dt:=((2-aIpha)*mt-ut)/(1-aIpha);
mt2:=aIpha*Abs(C-dt)+(1-aIpha)*PREV;
ut2:=aIpha*mt2+(1-aIpha)*PREV;
dt2:=((2-aIpha)*mt2-ut2)/(1-aIpha);
but:=dt+sd*dt2;
bIt:=dt-sd*dt2;
dt;
but;
bIt
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Breaking out of Price Channels
BreakIng out of PrIce ChanneIs, by GeraId MarIsch, "TechnIcaI AnaIysIs of Stocks &
CommodItIes", January 1998, page 93.
"Here's a technique based upon Tushar Chande's variable-length moving average. The
indicator is more responsive to market price movements than a conventional simple or
exponential moving average, and can be used for position trading."
The foIIowIng formuIa wIII match the authors sIIght modIfIcatIon to the varIabIe movIng
average:
VIDYA 21,5 IndIcator
Length:=Input("Length",1,200,21);
Smooth:=Input("SmoothIng",1,200,5);
AbsCMO:=(Abs(CMO(C,Length)))/100;
SC:=2/(Smooth+1);
http://www.meta-formula.com/Metastock-Formulas-B1.html 2014-10-14 14:01:59
Metastock Formulas - B 1 Strona 2
VIDYA:=If(Cum(1)<=(Length+1),C,(SC*AbsCMO*CLOSE)+(1-(SC*AbsCMO))*PREV);
VIDYA
The foIIowIng Expert hIghIIghts wIII show you when the prIce has undergone trend changes
as dIscussed In the artIcIe. Enter each sectIon as a separate hIghIIght In an Expert AdvIsor.
To do thIs, create a new Expert and seIect HIghIIghts from the tab dIaIog. Then seIect New
and name It BuII. Paste the BuII trend formuIa Into the condItIon box wIthIn the edItor and
set the coIour to green. Do thIs for the Bear and the Pause condItIons as weII, seIectIng the
matchIng coIours, Attach thIs Expert to your chart and If the condItIons are met, the prIce
bars wIII be dIspIayed In the proper coIours.
Green Bars (Bull trend)
Length:=21;
Smooth:=5;
AbsCMO:=(Abs(CMO(C,Length)))/100;
SC:=2/(Smooth+1);
VIDYA:=If(Cum(1)<=(Length+1),C,(SC*AbsCMO*CLOSE)+(1-(SC*AbsCMO))
*PREV);
C>(VIdya*1.01)
Red Bars (Bear trend)
Length:=21;
Smooth:=5;
AbsCMO:=(Abs(CMO(C,Length)))/100;
SC:=2/(Smooth+1);
VIDYA:=If(Cum(1)<=(Length+1),C,(SC*AbsCMO*CLOSE)+(1-(SC*AbsCMO))*PREV);
C<(VIDYA*.99)
Yellow Bars (Pause or pending reversal of the trend)
Length:=21;
Smooth:=5;
AbsCMO:=(Abs(CMO(C,Length)))/100;
SC:=2/(Smooth+1);
VIDYA:=If(Cum(1)<=(Length+1),C,(SC*AbsCMO*CLOSE)+(1-(SC*AbsCMO))*PREV);
C>(VIDYA*.99) AND C<(VIDYA*1.01)
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Bang For The Buck
ThIs IndIcator shows the possIbIe doIIar return (on a $10,000 account) for a securIty on any
gIven perIod. ThIs Is caIcuIated by dIvIdIng a $10,000 account by the cIosIng prIce. ThIs
number Is then muItIpIIed by the average range of the securIty for the Iast 200 perIods. The
InterpretatIon Is such that the hIgher the vaIue, the hIgher the profIt potentIaI.
((10000/C)* (Mov(ATR(1),200,S))/100)
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Breakout signals
{ PIots breakout Iong/short sIgnaIs [e-mail] WIth thanks to Roy Larsen for
InIt Idea }
pds1:=Input("HHV (Iong) breakout perIods",1,252,21);
pds2:=Input("LLV (short) breakout perIods",1,252,10);
dIspIay:=Input("dIspIay: sIgnaIs=1, In-trade bInary=2",1,2,1);
x:=Input("use Open=1 HIgh=2 Low=3 CIose=4 VoIume=5 P=6",1,6,4);
deIay:=Input("Entry and ExIt deIay",0,3,0);
x:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,V,If(x=6,P,C)))));
In:=x>Ref(HHV(x,pds1),-1);
Out:=xInIt:=Cum(In+Out>-1)=1;
InInIt:=Cum(In)=1;
FIag:=BarsSInce(InIt OR In) < BarsSInce(InIt OR Out)+InInIt;
In1:=Cum(Cum(In))=1;
Out1:=Cum(Cum(Out))=1;
If(dIspIay=1,Ref(Cum(Cum(In))=1,-deIay),0);
If(dIspIay=1,-Ref(Out1 AND BarsSInce(In1)>=BarsSInce(Out1),-deIay),0);
If(dIspIay=1,Ref((InInIt AND AIert(InInIt=0,2) OR FIag AND AIert(FIag=0,2))-(FIag=0 AND
AIert(FIag,2)),-deIay),FIag)
Breakout signals
SIgnaIs a Buy Long on prIce breakout
ExpIoratIon fIIter
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Metastock Formulas - B 1 Strona 3
pds1:=21; {HHV (Iong) breakout perIods}
pds2:=10; {LLV (short) breakout perIods}
x:=4; {use Open=1 HIgh=2 Low=3 CIose=4 VoI=5}
x:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,V,C))));
In:=x>Ref(HHV(x,pds1),-1);
Out:=xInIt:=Cum(In+Out>-1)=1;
InInIt:=Cum(In)=1;
FIag:=BarsSInce(InIt OR In) < BarsSInce(InIt OR Out)+InInIt;
BuyLong:=InInIt AND AIert(InInIt=0,2) OR FIag AND AIert(FIag=0,2);
BuyLong
BreakIn sIgnaIs
SIgnaIs a SeII Long on prIce coIIapse
ExpIoratIon fIIter
pds1:=21; {HHV (Iong) breakout perIods}
pds2:=10; {LLV (short) breakout perIods}
x:=4; {use Open=1 HIgh=2 Low=3 CIose=4 VoI=5}
x:=If(x=1,O,If(x=2,H,If(x=3,L,If(x=5,V,C))));
In:=x>Ref(HHV(x,pds1),-1);
Out:=xInIt:=Cum(In+Out>-1)=1;
InInIt:=Cum(In)=1;
FIag:=BarsSInce(InIt OR In) < BarsSInce(InIt OR Out)+InInIt;
SeIILong:=FIag=0 AND AIert(FIag,2);
SellLong
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http://www.meta-formula.com/Metastock-Formulas-B1.html 2014-10-14 14:01:59