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Roy,
Ouch! You sure know how to inflict pain.
Ok... I did try cutting and pasting the formual into
the filter tab.....and the error msg came back "this
function is not allowed in this type of formula"
With the limited knowledge of metastock, I don even
have a clue where to start to troubleshoot. What
should I do now...if you still willing to help?
Alex
--- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> Alex
>
> > It appears that the formula is too complex for me
> to
> > understand.
> >
> > I find it really intriguing that this is such a
> common
> > technique for scanning for stocks to buy but yet
> no
> > metastock formula is freely available. I saw some
> > sites selling the formula though. How does the
> > Metastock community expects to grow with such
> limited
> > sharing of formulas? Isn't this site geared to
> solve
> > such a situation?
> >
> > Any thoughts on the statement?
> >
> > Alex
>
> Only that I'm disappointed you should give up so
> easily, and that you reject
> the very answer you seek.
>
> Did you load the code and try it out before
> rejecting it? Did I suggest I
> wouldn't answer any questions you might have? I have
> a few more questions of
> my own but I think they are best left unasked for
> the moment.
>
> Roy
>
>
>
>
> > --- Roy Larsen <rlarsen@xxxxxxxxxxxxxx> wrote:
> > > Alex
> > >
> > > > Is there away to search via Explorers for both
> > > Weekly
> > > > and Daily uptrends in MACD Histogram?
> > >
> > > Yes there is. This is why I have put some time
> and
> > > effort into developing a
> > > number of weekly indicators for daily charts.
> The
> > > following 'Weekly MACD'
> > > could be tested in one column of an exploration
> and
> > > the standard MACD tested
> > > in another. This indicator is provided with a
> signal
> > > line that can be used
> > > or commented out as required.
> > >
> > > Because this indicator requires a PREV for each
> EMA
> > > (12, 26, signal line) it
> > > will run more slowly than your current
> exploration,
> > > and for reasonable
> > > accuracy with each (weekly) EMA your exploration
> > > should use at least 250
> > > periods.
> > >
> > > > Currently I am doing it via one time in Daily,
> and
> > > > another via Weekly, and then see if those two
> > > results
> > > > match for a given stock. Very tedious! It
> would be
> > > > great if there is a way to do it all in one
> run.
> > >
> > > If you have problems setting this up for an
> > > exploration I have some ideas
> > > that will help but take a look first.
> > >
> > > Roy
> > >
> > >
> > > {Weekly MACD} {for daily charts}
> > > Hs:=Input("0=Line, or 1=Histogram",0,1,0);
> > > {use histogram for chart display only}
> > > P1:=Input("Weeks for Short EMA",1,99,12);
> > > P2:=Input("Weeks for Long EMA",1,99,26);
> > > P3:=Input("Weeks for Signal Line",1,99,9);
> > > P1:=2/(P1+1); P2:=2/(P2+1); P3:=2/(P3+1);
> > > Q:=Input("1=Update at Friday bar, Dynamic
> Current
> > > Week",0,0,0);
> > > Q:=Input("2=Update at Friday bar, 3=Update at
> > > Monday bar",1,3,2);
> > > {1=dynamic current week, MS compatible}
> > > {2=update @ end of week except when no Friday}
> > > {3=update @ start of new week}
> > > Lb:=LastValue(Cum(1)-0)=Cum(1);
> > > W1:=DayOfWeek()=5;
> > > W2:=DayOfWeek()<=Ref(DayOfWeek(),-1);
> > > We:=If(W1,1,If(Alert(W1,2)=0 AND W2,2,0));
> > > Cl:=ValueWhen(1,We>0,If(We=1,C,Ref(C,-1)));
> > >
> >
>
Ma:=If(Cum(We>0)=1,Cl,ValueWhen(1,We>0,PREV)*(1-P1)+Cl*P1);
> > > Ma:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Ma)
> > > *(1-P1)+C*P1,Ma);
> > > Ma:=If(DayOfWeek()=5 AND Q=3,Ref(Ma,-1),Ma);
> > >
> >
>
Mb:=If(Cum(We>0)=1,Cl,ValueWhen(1,We>0,PREV)*(1-P2)+Cl*P2);
> > > Mb:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Mb)
> > > *(1-P2)+C*P2,Mb);
> > > Mb:=If(DayOfWeek()=5 AND Q=3,Ref(Mb,-1),Mb);
> > > Md:=(Ma-Mb);
> > >
> >
>
Sg:=If(Cum(We>0)=1,Md,ValueWhen(1,We>0,PREV)*(1-P3)+Md*P3);
> > > Sg:=If(Q=1 AND We=0 AND Lb,ValueWhen(1,We>0,Sg)
> > > *(1-P3)+Md*P3,Sg);
> > > Sg:=If(DayOfWeek()=5 AND Q=3,Ref(Sg,-1),Sg);
> > > Md:=If(Hs=0,Md,If(Md<>Ref(Md,-1),Md,0));
> > > Md; Sg;
> > >
> > >
> > >
> >
> >
> > __________________________________________________
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> >
>
>
>
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