Metastock Formulas New Today

Metastock Formulas New Today

// Volume Weighted RSI - A "New" Perspective UpVol := IF(ROC(C,1,$) > 0, V, 0); DownVol := IF(ROC(C,1,$) < 0, V, 0); AvgUpVol := Wilders(UpVol, 14); AvgDownVol := Wilders(DownVol, 14); RS := AvgUpVol / AvgDownVol; VWRSI := 100 - (100 / (1 + RS)); VWRSI

Unlocking Alpha: Mastering New MetaStock Formulas for Modern Markets metastock formulas new

Upper Band = Mov(C, 20, E) + 2 * StDev(C, 20) Lower Band = Mov(C, 20, E) - 2 * StDev(C, 20) // Volume Weighted RSI - A "New" Perspective

Mastering MetaStock Formulas: New Strategies, Syntax, and Code Techniques for Modern Traders I'll perform a series of searches to cover

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Utilizing Input() functions to create interactive formulas that allow users to change parameters on the fly, such as time periods for moving averages or thresholds for volatility.

The language references basic price components using simple abbreviations: : Open price H : High price L : Low price C : Close price V : Volume P : Position (used in specific system indicators) Fundamental Operators and Structure