Metastock
Indicators Formula
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ADX
Raw
Bang For The Buck
Coppock Indicator
Darvis
Box  Based on "How I made 2 million on the stockmarket"
Dr Elder's Force Index
Elliot Wave Identification
Fibonacci
Trader Fixed Balance Point REVISED
Fibonacci Trader Dynamic
Balance Point
Gann High Low
GannSwing
GannTrend
Guppy MMA Oscillator
Highest
High
MACD
Histogram
MA
oscillator, Sineweighted
Metastock
Automatic Trendline Formula
Modified
Williams %R Metastock Indicator
Psychology
Index
Slope of a Linear Regression Line
Stochastic Momentum Indicator
Resistence & Support
Trailing Stoploss ATR – Long
True
Strength Index
Zero
Lag EMA
Zero
Lag MACD
ADX Raw
 Metastock Indicator Formula
By Equis International Metastock
Indicators
and published in the Oct99 TASC
Periods:=
Input("Enter time periods",1,100,14);
PlusDM:=
If(HIGH>Ref(HIGH,1) AND
LOW>=Ref(LOW,1), HIGHRef(HIGH,1),
If(HIGH>Ref(HIGH,1) AND LOW<Ref(LOW,1)
AND HIGHRef(HIGH,1)>Ref(LOW,1)LOW,
HIGHRef(HIGH,1), 0));
DIPlus:= 100 * Wilders(PlusDM,Periods) /
ATR(Periods);
MinusDM:=
If(LOW<Ref(LOW,1) AND
HIGH<=Ref(HIGH,1), Ref(LOW,1)LOW,
If(HIGH>Ref(HIGH,1) AND LOW<Ref(LOW,1)
AND HIGHRef(HIGH,1)<Ref(LOW,1)LOW,
Ref(LOW,1)LOW, 0));
DIMinus:= 100 * Wilders(MinusDM,Periods) /
ATR(Periods);
DIDif:=
Abs(DIPlus  DIMinus);
DISum:= DIPlus + DIMinus;
ADXRaw:= 100 * Wilders(DIDif/DISum, Periods);
ADXRaw
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Bang For
The Buck  Metastock Indicator Formula
by MetaStock Programming
Study Guide
This indicator shows the possible dollar return (on a $10,000 account)
for a security on any given period. This is calculated by dividing
a
$10,000 account by the closing price. This number is then multiplied
by
the average range of the security for the last 200 periods. The
interpretation is such that the higher the value, the higher the profit
potential.
((10000/C)* (Mov(ATR(1),200,S))/100)
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Coppock
Indicator  Metastock Indicator Formula
by MetaStock Programming
Study Guide
The Coppock Indicator was developed by Edwin Coppock, a US
investment advisor. It is a momentum oscillator that was designed
for
long term investors to begin accumulation at the beginning of
a bull
market. The Coppock Indicator signals the beginning of a bull
market
when it crosses above the zero line. This signal is usually
after the first
leg of a bull market is underway, thus it’s
highly reliable.
Mov(ROC(C,14,%)+ROC(C,11,%),10,W);0
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Darvis
Box  Based on "How I made 2 million on the stockmarket"
Jason Prestwidge
Periods:=Input("periods",1,260,260);
Topbox:=If(Ref(H,3)>=Ref(HHV(H,Periods),4)
AND Ref(H,2)<
Ref(H,
3) AND Ref(H,1)<Ref(H,3) AND H<
Ref(H,3),
Ref(H,3),PREVIOUS);
Botbox:=If(Ref(H,3)>=Ref(HHV(H,Periods),4)
AND Ref(H,2)
<Ref(H,3)
AND Ref(H,1)<Ref(H,3) AND H<
Ref(H,3),LLV(L,4),PREVIOUS);
Topbox;
Botbox;
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Dr Elder's
Force Index  Metastock Indicator Formula
by MetaStock Programming
Study Guide
FI:=(CRef(C,1))*V;Mov(FI,13,E)
{Smoothed by 13 period exponential moving average}
Dr Elder also refers to a 2 period Force Index in which case,
you
would
change the ‘13’ above to ‘2’.
(The
following explanatory notes are taken from ‘Trading for a
Living’
by
Dr. Alexander Elder, Published by John Wiley &
Sons, Inc, 1993)
“Force
Index is an oscillator developed by this author. It measures
the
force of bulls behind every rally and of bears behind every decline.
Force
Index combines three essential pieces of market information –
the
direction of price change, its extent, and trading volume.
It
provides a
new, practical way of using volume to make trading
decisions.
Force
Index can be used raw, but it works better if you smooth it
with
a moving average. Force Index smoothed with a short MA
helps pinpoint
entry and exit points. Force Index smoothed with
a long MA reveals
major changes in the force of bulls and bears.
A 2day
EMA of Force Index provides a minimal degree of smoothing.
It is
useful for finding entry points into the markets. It pays to buy
when
the 2day EMA is negative and sell when it is positive, as
long
as you
trade in the direction of the 13day EMA of prices.
A 13day
EMA of Force Index tracks longer term changes in the force
of bulls
and bears. When it crosses above its centerline, it shows the
bulls
are in control. When it turns negative, it shows that bears are
in
control. Divergences between 13day EMA of Force Index and prices
identify important turning points.”
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Elliot
Wave Identification
 Metastock Indicator Formula
by Kevin Campbell
As far as using
MetaStock for identifying waves, use a 5/34 histogram
for finding
wave 4, the end of wave 3 and for help with identifying
wave 1/2,
which apparently Advanced Get uses extensively. You can
write MetaStock
explorations/templates/experts, etc., with this
indicator; e.g.,
explorations to find the peaks and troughs of the
5/34 histogram.
The version
of the indicator I use in MetaStock v6.52 is:
Mov(OscP(5,34,E,$),5,S)
150 days minimum
of data.
The
peaks of the histogram help identify waves 1, 3 and 5 and troughs
for waves 2 and 4. Use MetaStock line studies (both trendlines,
channels and fib retracements) for additional wave
identification/analysis.
Of course, you can label the waves with the
text box.
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Fibonacci
Trader Fixed Balance Point
 Metastock Indicator Formula
by Adam
Hefner
Mc1:=BarsSince(DayOfWeek()=1);
Fc1:=BarsSince(DayOfWeek()=5);
Fc2:=Ref(BarsSince(DayOfWeek()=5),1)1;
{Fixed Balance Point Calculation}
FBC:=If(Mc1=0 AND Fc1>2,
{then}(Ref(HHV(H,LastValue(mc1)),1)+
Ref(LLV(L,LastValue(Mc1)),1)+
Ref(C,1))/3,
{else}If(Fc1=0 AND Mc1>5,
{then}(HHV(H,LastValue(Fc2))+
LLV(L,LastValue(Fc2))+C)/3,
{else}If(Fc1=0,
{then}(HHV(H,LastValue(Mc1))+
LLV(L,LastValue(Mc1))+C)/3,
{else}0)));
{Fixed Balance Point Plot}
FBP:=ValueWhen(1,FBC>0,FBC);
FBP;
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Fibonacci
Trader Dynamic Balance Point
 Metastock Indicator Formula
by
Adam Hefner
dt:=DayOfWeek();
DBC:=(HighestSince(5,DayOfWeek()=dt,H)+
LowestSince(5,DayOfWeek()=dt,L)+CLOSE)/3;
DBC
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Gann High
Low  Metastock Indicator Formula
by
Adam Hefner
{name:
GANNHiLo}
HLd:=If(CLOSE>Ref(Mov(H,3,S),1),
{then}1,
{else}If(CLOSE<Ref(Mov(L,3,S),1),
{then}1,
{else}0));
HLv:=ValueWhen(1,HLd<>0,HLd);
HiLo:=If(HLv=1,
{then}Mov(H,3,S),
{else}Mov(L,3,S));
HiLo;
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GannSwing
 Metastock Indicator Formula
by
Adam Hefner
{Market
swing is defined as:
Up = 2 higher highs,
Down = 2 lower highs.}
Us:=BarsSince((H > Ref(H,1)) AND (Ref(H,1) >
Ref(H,2)));
Ds:=BarsSince((L < Ref(L,1)) AND (Ref(L,1) <
Ref(L,2)));
Sd1:=If(Us=0,
{then}If(Ref(L,1)<>LowestSince(1,Ds=0,L),
{then}1,
{else}0),
{else}If(Ds=0,
{then}If(Ref(H,1)<>
HighestSince(1,Us=0,H),
{then}1,
{else}0),
{else}0));
Sd2:=If(Sd1=1,
{then} If(Ref(BarsSince(Sd1=1),1) >
Ref(BarsSince(Sd1=1),1),
{then}1,
{else}0),
{else} If(Sd1=1,
{then}If(Ref(BarsSince(Sd1=1),1) <
Ref(BarsSince(Sd1=1),1),
{then}1,
{else}0),
{else}0));
TD1:=ValueWhen(1,Sd2<>0,Sd2);
Td1;
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GannTrend
 Metastock Indicator Formula
by
Adam Hefner
{Swing
Direction}
Sd:= FmlVar("GANNSwing","TD1") ;
{Swing Change High}
Sch:=If(Sd=1 AND Ref(sd,1)=1,
{then}1,
{else}0);
{Swing Change Low}
Scl:=If(Sd=1 AND Ref(Sd,1)=1,
{then}1,
{else}0);
{Peak Value}
Pv:=If(Scl=1,
{then}HighestSince(1,Sch=1,H),
{else}0);
{Trough Value}
Tv:=If(Sch=1,
{then}LowestSince(1,Scl=1,L),
{else}0);
{Trend Direction}
Td:=If(H>ValueWhen(1,Pv>0,Pv),
{then}1,
{else}If(L<ValueWhen(1,Tv>0,Tv),
{then}1,
{else}0));
{UpTrend=1 DownTrend =1}
Tdv:=ValueWhen(1,Td<>0,Td);
Tdv;
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Guppy
MMA Oscillator  Metastock Indicator Formula
by Leon Wilson
Indicator Name: GMMACD $
Trigger:=Input("Trigger
Line",1,55,21);
SHORT:=(Mov(CLOSE,3,E)+Mov(CLOSE,5,E)+
Mov(CLOSE,8,E)+Mov(CLOSE,10,E)+
Mov(CLOSE,12,E)+Mov(CLOSE,15,E));
LONG:=(Mov(CLOSE,30,E)+Mov(CLOSE,35,E)+
Mov(CLOSE,40,E)+Mov(CLOSE,45,E)+
Mov(CLOSE,50,E)+Mov(CLOSE,60,E));
ShortLong;
Mov(ShortLong,Trigger,E);
0;
Indicator
Name: GMMACD %
Trigger:=Input("Trigger
Line",1,55,21);
SHORT:=(Mov(CLOSE,3,E)+Mov(CLOSE,5,E)+
Mov(CLOSE,8,E)+Mov(CLOSE,10,E)+
Mov(CLOSE,12,E)+Mov(CLOSE,15,E));
LONG:=(Mov(CLOSE,30,E)+Mov(CLOSE,35,E)+
Mov(CLOSE,40,E)+Mov(CLOSE,45,E)+
Mov(CLOSE,50,E)+Mov(CLOSE,60,E));
((ShortLong)/Long)*100;
Mov(((ShortLong)/Long)*100,Trigger,E);
0;
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Highest
High  Metastock Indicator Formula
By MetaStock Programming
Study Guide
periods := Input("Enter the number of periods for the highest
high",
1,
9999, 120) ; C>Ref(HHV(C, periods ),1)
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MACD
Histogram  Metastock Indicator Formula
By MetaStock Programming
Study Guide
MACD()Mov(MACD(),9,E);0 Back
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MA
oscillator, Sineweighted
By Jose Silva
{ Normalized, lagless, Sineweighted
Mov Avg & MA Oscillator v1.0 }
{ Divergence signals between SWMA & Oscillator:
+1=Long, 1=Short }
{ ©Copyright 2004 Jose Silva }
{ http://users.bigpond.com/prominex/pegasus.htm }
plot:=Input("[1]SWMA
Osc, [2]SW Mov Avg,
[3]Divergences",1,3,1);
pds:=Input("normalizing periods (1=none)",
1,2520,252);
SD:=30
{180/12};
S1:=Sin(1*SD)*C;
S2:=Sin(2*SD)*Ref(C,1);
S3:=Sin(3*SD)*Ref(C,2);
S4:=Sin(4*SD)*Ref(C,3);
S5:=Sin(5*SD)*Ref(C,4);
S6:=Sin(6*SD)*Ref(C,5);
S7:=Sin(7*SD)*Ref(C,6);
S8:=Sin(8*SD)*Ref(C,7);
S9:=Sin(9*SD)*Ref(C,8);
S10:=Sin(10*SD)*Ref(C,9);
S11:=Sin(11*SD)*Ref(C,10);
den:=
Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)+Sin(5*SD);
SWMA:=(S1+S2+S3+S4+S5)/den;
den:=Sin(SD)+Sin(2*SD)+Sin(3*SD)+Sin(4*SD)
+Sin(5*SD)+Sin(6*SD)+Sin(7*SD)+Sin(8*SD)
+Sin(9*SD)+Sin(10*SD)+Sin(11*SD);
SWosc:=(S1+S2+S3+S4+S5+S6+S7+S8+S9+S10+S11)/den;
SWoscNorm:=(SWoscLLV(SWosc,pds))
/(HHV(SWosc,pds)LLV(SWosc,pds)+.000001)*100;
SWoscNorm:=If(pds<2,SWosc,SWoscNorm);
up:=SWoscNorm>Ref(SWoscNorm,1)
AND SWMA<Ref(SWMA,1);
dw:=SWoscNorm<Ref(SWoscNorm,1)
AND SWMA>Ref(SWMA,1);
If(plot=1,SWoscNorm,If(plot=2,SWMA,up+dw))
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Metastock
Automatic Trendline Formula

Metastock Indicator Formula
Mike
Helmacy www.techanalysis.com
This
formula will draw a trendline from the most recent bottom.
The L
(low) can be changed to C (close) and the 10 can be
changed to a
different percent value. You will also need to change
the line style
to the last one in the drop down list.
Trough(1,L,10)+ ((((Trough(1,L,10)  Trough(2,L,10)) /
(TroughBars(2,L,10)TroughBars(1,L,10))) *
TroughBars(1,L,10)))
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Modified
Williams %R Metastock Indicator 
Metastock Indicator Formula
by Rajat Bose
{All
I have done here is to substitute High and Low of any bar with
that
of Bollinger Band Top and Bollinger Band Bottom. I have tested
it
on various time periods (for Bollinger Bands) using 2 standard
deviations.
It sometimes gives an early indication of reversals than
the Williams
%R of the same period. Divergences have also been
somewhat better.
However, the structure shows that most of its
properties are similar
to those of the Williams %R or, for that matter
, of any other overboughtoversold
indicator.}
Periods := Input("Time Period", 3,50,5);
NumDev := Input("No. of Standard Deviations", 1,5,2);
(100*(CBBandBot(C, Periods, S, NumDev))/((( BBandTop(C,
Periods,
S,
NumDev))(BBandBot(C, Periods, S, NumDev)))))
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Psychology
Index 
Metastock Indicator Formula
by Glenn Wallace
 Futures Magazine, Vol.29 No.6, June 2000, P.48
There was an overbought/oversold indicator described in the June
2000 Futures Magazine called the Psychological Index. It looked
sort
of interesting, so I wrote the MetaStock code for it:
LookBack:= Input("Number of lookback periods", 2, 100,
12);
UThreshold:= Input("Upper threshold (%)", 0, 100, 75);
LThreshold:= Input("Lower threshold (%)", 0, 100, 25);
UpDay:= If(CLOSE > Ref(CLOSE,1), 1, 0);
PsychIndex:= Sum(UpDay,LookBack) / LookBack * 100;
PsychIndex; UThreshold; LThreshold
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Resistance
and Support  Metastock Indicator 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;
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Slope
of a Linear Regression Line  Metastock Indicator Formula
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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Stochastic
Momentum Indicator  Metastock Indicator Formula
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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Trailing
Stoploss ATR – Long  Metastock Indicator Formula
By MetaStock Programming
Study Guide
This ATR based indicator is ideal for existing long trades. When
plotted on a chart we will be prompted for the trade entry date
and the multiple of ATR we wish to use as the trailing exit.
PDay
:= Input("Day of Month" ,1,31,1);
PMonth := Input("Month" ,1,12,1);
PYear := Input("Year",2000,2010,2002);
PATR := Input("Multiple of ATR",1,10,2);
TSE1 := BarsSince(DayOfMonth() = PDay AND Month() = PMonth
AND
Year()
= PYear);
TSE2 := HighestSince(1,TSE1=0,H ) ;
TSE3 := TSE2  PATR*ATR(15);
HighestSince(1
,TSE1 = 1 ,TSE3 )
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True
Strength Index  Metastock Indicator Formula
January 1993 issue of Technical Analysis of Stocks and Commodities.
100
* ( Mov( Mov( ROC(C,1,$),25,E),13,E) / Mov( Mov(
Abs( ROC(C,1,$)),25,E),13,E))
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Zero
Lag EMA  Metastock Indicator Formula
by
Peter Martin alakazam@bigpond.com
Here's my Metastock 6.2 coded version of the Zero Lag Moving
Average,
as described in the April, 2000, issue of
Technical Analysis of
Stocks and Commodities. I've also used
it to construct a Zero Lag MACD and
a Zero Lag MACD trigger
signal.
Period:= Input("What Period",1,250,10);
EMA1:= Mov(CLOSE,Period,E);
EMA2:= Mov(EMA1,Period,E);
Difference:= EMA1  EMA2;
ZeroLagEMA:= EMA1 + Difference;
ZeroLagEMA
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Zero
Lag MACD
 Metastock Indicator Formula
by
Peter Martin alakazam@bigpond.com
EMA1:= Mov(CLOSE,13,E);
EMA2:= Mov(EMA1,13,E);
Difference:= EMA1  EMA2;
ZeroLagEMA13:= EMA1 + Difference;
EMA1:= Mov(CLOSE,21,E);
EMA2:= Mov(EMA1,21,E);
Difference:= EMA1  EMA2;
ZeroLagEMA21:= EMA1 + Difference;
ZeroLagMACD:=ZeroLagEMA13  ZeroLagEMA21;
ZeroLagMACD
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2003 MetaStock Website Home
Metastock®
is a registered trademark of Equis International.
