To use these scripts, follow these steps within the MetaStock platform:
Use + , - , > , < , and AND/OR for logical conditions. metastock formulas new
A formula that works for "Blue Chip" stocks may not work for volatile cryptocurrencies or forex pairs. To use these scripts, follow these steps within
{Adaptive Volatility Breakout} Period := Input("ATR Period", 5, 50, 14); Mult := Input("ATR Multiplier", 1, 5, 2.5); UpperBand := mov(C, 20, S) + (Mult * ATR(Period)); VolumeConfirm := V > mov(V, 20, S) * 1.5; Cross(C, UpperBand) AND VolumeConfirm 2. The Multi-Timeframe Momentum Signal To use these scripts
Use := to assign values to names, making your code readable.
{MTF Momentum Alignment} FastMA := mov(C, 10, E); SlowMA := mov(C, 50, E); WeeklyTrend := C > mov(C, 200, S); MomentumUp := FastMA > SlowMA AND ref(FastMA,-1) <= ref(SlowMA,-1); MomentumUp AND WeeklyTrend 3. The RSI-EMA Divergence Filter