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Safdar, this plots the same as your original formula:
downPds:=5;
testPds:=5;
Sum(C<Ref(C,-1),testPds)=downPds
For signals which indicate five trade days down out of the last seven:
downPds:=5;
testPds:=7;
Sum(C<Ref(C,-1),testPds)=downPds
For four trade days down out of the last six:
downPds:=4;
testPds:=6;
Sum(C<Ref(C,-1),testPds)=downPds
...etc.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, Safdar Ali Bagasrawala
<safdar19@xxxx> wrote:
> The following formula in the filter finds stocks which have fallen
> for 5 straight days:
> CLOSE<Ref(CLOSE,-1) AND Ref(CLOSE,-2)>Ref(CLOSE,-1) AND
> Ref(CLOSE,-3)>Ref(CLOSE,-2) AND
> Ref(CLOSE,-4)>Ref(CLOSE,-3)AND
> Ref(CLOSE,-5)>Ref(CLOSE,-4)
>
> Can anybody suggest formula which finds stock which have fallen
> 5 out of 7 days or 4 out of 6 days etc.
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