MetaStock - Metastock Formula - Buy / Sell Indicators in Software for Analysis - Lakefire Expert
06-22-2011 09:16 AM
Metastock Formula - Buy / Sell Indicators
06-22-2011 09:17 AM
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 )) ;
06-22-2011 09:19 AM
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.
Cross( Mov(C, 5, E ) , Mov(O, 6, E ))
Select the appropriate symbol.
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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