Metastock Formula - Buy / Sell Indicators
MetaStock - Metastock Formula - Buy / Sell Indicators in Software for Analysis - Lakefire Expert Buy Arrow: X:=Mov(C,5,E); Y:=Mov(O,6,E); Cross(x,y) Sell Arrow: X:=Mov(C,5,E); Y:=Mov(O,6,E); Cross(y,x)...
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Metastock Formula - Buy / Sell Indicators

  1. Metastock Formula - Buy / Sell Indicators

    Lakefire Expert
    Buy Arrow:

    X:=Mov(C,5,E);
    Y:=Mov(O,6,E);
    Cross(x,y)

    Sell Arrow:

    X:=Mov(C,5,E);
    Y:=Mov(O,6,E);
    Cross(y,x)


  2. Formula for, cross of the 5 period exponential moving average of the close above the 6 period exponential moving average of the open for a BUY signal amd vice versa for a SELL signal. The signal will show as UP arrow and Down arrow marked in different colours.

    buy:=Cross( Mov(C, 5, E ) , Mov(O, 6, E )) ;
    sell:=Cross( Mov(O, 6, E ) , Mov(C, 5, E )) ;
    If(buy,1,If(sell,-1,0));







  3. Open Metastock, Click on Tools->Expert Advisor->New and enter whatever name you want to give.

    Then Click the Highlights tab -> New -> enter Bullish as name. Under condition add:
    Mov(C, 5, E ) > Mov(O, 6, E ), Select colour as Blue. Click Ok.

    Then similarly add an another condition under Highlights called Bearish under it add:
    Mov(O, 6, E ) > Mov(C, 5, E ), select colour as Red and click ok.


    For the BUY and SELL arrows:

    Add the following two conditions under Symbol.

    BUY

    Cross( Mov(C, 5, E ) , Mov(O, 6, E ))

    Select the appropriate symbol.

    SELL

    Cross( Mov(O, 6, E ) , Mov(C, 5, E ))

    Select the symbol.

    Click ok -> ok.

    TO display this expert advisor, open any chart, then right click, select Expert Advisor -> Attach. Select the Expert Advisor you had jus made then click on Ok.

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