The four indicators presented in Rudy Stefenel's article this month,
"Anchored momentum," can be easily recreated in MetaStock. First, choose
Indicator Builder from the Tools menu. If you have MetaStock 6.5, enter the
following formulas:
General Anchored Momentum with Exponential Smoothing
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average Periods",1,1000,7);
100 * ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer -
1)/2) - MomPer)) - 1)
General Anchored Momentum
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) - MomPer)) -
1)
Most Anchored Momentum with Exponential Smoothing
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Simple Moving Average Periods",1,1000,7);
EmaPer := Input("Exponential Moving Average Periods",1,1000,7);
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE, (2 * MomPer) + 1, S) ) -
1)
Most Anchored Momentum
MomPer := Input("Momentum Periods",1,1000,10);
SmaPer := Input("Moving Average Periods",1,1000,7);
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)
Drag any of the above indicators from the Indicator QuickList to the desired
chart. MetaStock 6.5 will prompt you to enter values for the specified
parameters. If you have an earlier version of MetaStock, you will need to enter
values in the following formulas instead of using the MomPer, SmaPer and EmaPer
variables.
General Anchored Momentum with Exponential Smoothing
100 * ((Mov(CLOSE, EMAPer, E) / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer -
1)/2)- MomPer)) - 1)
General Anchored Momentum
100 * ((CLOSE / Ref(Mov(CLOSE, SmaPer, S), ((SmaPer - 1)/2) - MomPer))
-1)
Most Anchored Momentum with Exponential Smoothing
100 * ((Mov(CLOSE, EmaPer, E) / Mov(CLOSE, (2 * MomPer) + 1, S) ) -
1)
Most Anchored Momentum
100 * ((CLOSE / Mov(CLOSE, (2 * MomPer) + 1, S) ) - 1)