[Metastockusers] Re: Help with indicator

["John" <john_hastie@xxxxxxxxxxx>]

Does this do what you want?

C >(Mov(C,10,E) - Mov((H-L),10,E)) AND C<1.01*(Mov(C,10,E) - Mov((H-
L),10,E))

It will plot a 1 if the expression is true and 0 if not.  You can 
then apply a filter to an exploration to get what you want.

Cheers
John


--- In Metastockusers@xxxxxxxxxxxxxxx, "bones_1930" <ejonesjr@xxxx> 
wrote:
> Mov(CLOSE,10,EXPONENTIAL) - Mov((H-L),10,EXPONENTIAL).  
> 
> This is the formula for the Lower Keltner Band.  I want to write a 
> formula that will identify stocks whose close is above the band, 
but 
> by no more than 1%.  My attempt is   C>Mov(CLOSE,10,EXPONENTIAL) - 
> Mov((H-L),10,EXPONENTIAL)*1.01.  I have tried to move the 
> parenthesis to a variety of spots to no avail.   Will someone 
> enlighten me so the formula will work.  Thank you.
> 
> Ed



 
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