Important: These formulas aren't my complete collection. For my complete
collection of instantly usable, profitable and powerful MetaStock formulas Click
these pages you will find a list of some of the most useful Metastock
formula available. It includes both my own personal formula taken
from the Metastock
Programming Study Guide and formula collected from Equis International,
Metastock forums, and a collection of trading magazines.
Most of these Metastock formulas have been emailed to us and as such
it is our belief that they are in the public domain. Where known,
the author is noted and an email contact provided. If your Metastock
formula has been supplied to us and used without permission then please
contact us to arrange for immediate removal.
Unfortunately I don’t provide any support for the Metastock
Formula within these pages. It has simply been
my objective to create a useful Metastock formula Index. It is now
your task to find the formula that will suit your needs.
If you would like to learn how to edit your own MetaStock formula click
For The Holy Grail & The Perfect Indicator... A Word Of Caution
is no "Holy Grail". I hate to say it but it is true!
convinced of MetaStock’s power, many Metastock users undertake
a determined search to find the perfect indicator(s) that will lead
them to trading success. It is, for them, a silver bullet that will
slay the market. Somehow, the indicator is supposed to correctly
predict a security’s price movement on every occasion. Its
perfect entry is supposed to produce financial results that many
people only dream of. However, most successful traders have come
to realise that no such perfect indicator exists. It doesn’t
today, never did, and never will.
is no Holy Grail of trading.There is no Metastock
formula that will let you know without fail how to make a profitable
trade every time. So, now that you’re aware of MetaStock’s
power, don’t get sidetracked by the idea that a Holy Grail
may exist. The reality is that MetaStock, or any charting software
for that matter, is simply a tool to be used.
When MetaStock is used to its full capacity, it can be an amazingly
effective tool. But remember, that’s all it is – a tool.
Our message here, therefore, is that you should put MetaStock into
perspective with all of the other determinants of your trading success.
Regardless of how effective Metastock may be for you, it is just
one part of a successful trading plan.
Thank you for your assistance in solving a frustrating
problem in writing a new EXPERT for MetaStock. Your
suggestion of combining (BarsSince and reference) to
look back at an event that has occurred without using
(CROSS) and being able to trigger only one (BUY) signal
has worked extremely well.
There is little help available in this detailed area
of EXPERT writing from Metastock manuals and tutorials.
is a registered trademark of Equis International.
This website, and the activities conducted via this website
are in no way related to, authorised, sponsored or approved by,