Metastock Formula - Buy / Sell Indicators

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.