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Hi fellow Metastock Users,
I
am having all sorts of problems with what I would have thought was a straight
forward exploration, which means that I must be doing something very silly
although I cannot see what it is.
I
am trying to identify shares that have crossed back above the RSI (14) 30 level
within the past 5 trading days. I am using Metastock 7.2 on Australian EOD
share data and my Exploration formula is:
Alert
(Cross (RSI (14), 30), 5)
My
problem is that I am capturing shares and warrants and options etc which have not
crossed 30 within the time stipulated i.e. they have always been above 30
during the past 5 trading days. An example is Qantas which I think last crossed
30 on <font size=2
face=Arial>28 February 2003<font
size=2 face=Arial>.
I
have tried Alert (Cross (RSI(C, 14), 30), 5) but it does not seem to make any
difference.
I
would be very grateful for any advice and/or suggestions. Also is there anyway
of eliminating warrants and options, thus capturing equities only? In the
Australian market, equity codes have 3 character symbols and derivatives have
4+ characters.
At
the end of the day what I am trying to achieve is to shortlist equities only
(not derivatives) which have crossed back over RSI (14) 30 OR have generated a MACD
() buy signal within the last 5 trading days (not the last 5 days the shares
may have traded) and desirably to list equities that have met both criteria
within 3 or 4 days of each other.
Finally,
and I appreciate that I am seeking help on a number of issues, but is there any
way of ensuring that Metastock uses today’s date rather than the last
date traded when employing the Reference function?
I
would be very really grateful for advice on any of the points raised above.
Thank
You, Kevin Howard
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