RE: Multi-time frame explorations

["neo" <neo1@xxxxxxxxx>]

It appears that Equis will allow MetaStock to continue to erode. So many
other programs surpass it in many ways. Before long it appears that
MetaStock will follow the same pattern as the dinosaur.


-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Adrian Pitt
Sent: Sunday, December 30, 2001 11:22 AM
To: metastock@xxxxxxxxxxxxx
Subject: RE: Multi-time frame explorations


Thanks Owen for the fast response....I'm very disappointed, as its such an
obvious
thing to put in, and so powerful.  Tradestation can do it....perhaps Reuters
can
plan to make it possible in the next version.

Adrian

> -----Original Message-----
> From: owner-metastock@xxxxxxxxxxxxx
> [mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Owen Davies
> Sent: Monday, 31 December 2001 5:10 AM
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: Multi-time frame explorations
>
>
> Adrian Pitt asked:
>
>
> > Can someone inform me if its possible to do multi-timeframe explorations
> > in Metastock.  Such as doing a search for stocks that have an
> RSI < 30 on
> > the
> > daily and an RSI < 30 on the weekly.  Its my perception from looking at
> the
> > program that you can't.  Am I missing something obvious?
>
> Alas, no.  The only option is to set up two different securities,
> StockNameDaily
> and StockNameWeekly, and then use the SECURITY function to refer to the
> one used to filter trades on the active security.  No, it's not
> obvious.  Or
> convenient.  Or particularly useful, especially if you try to trade it in
> real time.
>
> The alternative, of course, is to use RSI(Length) on the daily and
> RSI(5*Length)
> as a proxy for a weekly RSI.  It's sometimes better than nothing.
>
> Owen Davies
>