[Metastockusers] Momentum Divergencies

["drstutz" <drstutz@xxxxxxxxxxxxx>]

Several weeks ago I asked for assistance in converting
TradeStation code to MetaStock. There are two good indicators in a book by
Price Headley, “Big Trends in Trading.” One indicator, Momentum
Divergence, attempts to show when to take or avoid stock price breakout (page
114 of the book). 

 

Could someone provide the equivalent MetaStock Code of the
TradeStation below?

 

(with setting = 15 bars; 40 bars is the intermediate-term
setting)

 

Input:FastMA (12), SlowMA (26), MacdMA (9), Input2(15),
BuyZone (30), SellZone (90);

 

Value1=IFF(Highest(MACD(Close,FastMA,SlowMA),Input(2) –

Lowest (MACD(Close,FastMA,SlowMA),Input2)<>0,Highest

(MACD(Close,FastMA,

SlowMA),Input2) &#8211; Lowest(MACD
(Close,FastMA,SlowMA),Input2),50);

 

Value2=IFF(Highest(close,Input2) &#8211; Lowest(close,Input2)<>0,
Highest(close,Input2) &#8211; 

Lowest(close,Input2),50);

 

Plot1(100*(close-Lowest(close,Input2))/Value2,&#8221;Close%&#8221;);

 

Plot2(100*(MACD(Close,FastMA,SlowMA) &#8211;

Lowest(MACD(Close,FastMA, SlowNA),Input2))/Value1,&#8221;MACD%);

 

Plot3(BuyZone, &#8220;BuyZone&#8221;);

 

Plot4(SellZone, &#8220;SellZone&#8221;);











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