As you become more comfortable with MetaStock’s formula language, consider these advanced approaches to unlock even greater potential.
The true power of The Explorer comes from crafting precise formulas. For instance, the following formulas, sourced from Technical Analysis of Stocks & Commodities magazine, were used to find long and short opportunities with high volume breakouts:
Ensure your formula is based on sound logic rather than just fitting historical data. metastock formulas new
Essential for defining breakout levels, especially when combined with dynamic periods.
Define Fractal Pivot High: High is higher than 2 bars left and right PivotHigh := Ref(H,-2) > Ref(H,-1) AND Ref(H,-2) > H AND Ref(H,-2) > Ref(H,-3) AND Ref(H,-2) > Ref(H,-4); As you become more comfortable with MetaStock’s formula
Standard Heikin Ashi is slow. This new variant removes the lag entirely to spot reversals instantly.
For the latest pre-built formulas and community discussions, checking the MetaStock forum is highly recommended. Conclusion For the latest pre-built formulas and community discussions,
Plot as a custom indicator or use in the Explorer to find breakout stocks with high volume confirmation. B. Dynamic Volatility Bollinger Bands
To keep your formula library fresh and your skills sharp: