|
I'm a new Metastock 9.0 EOD user and
would appreciate any assistance in translating these TC2000 formulas into
Metastock:
The following is a TC2000 cumulative
indicator which is designed to reduce the number of whipsaws common with the use
of MAs.
Place the following formula in the "Up
Condition" window:
c-avgc10>0 and
avgc20>(avgc20+avgc20.1+avgc20.2)/3
Place this formula in the "Down
Condition" window:
c-avgc10<0 and
avgc20<(avgc20+avgc20.1+avgc20.2)/3
Place it in a middle window
pane.
You will now have an indicator that moves
up if both the close is greater than the 10 bar moving average and the 20 bar
moving average is greater than the 3 bar average of the 20 bar average (has a
positive slope--it's moving up) and moves down if the reverse is true...and if
neither is true will move sideways.
Place a 3 bar MA and a 5 bar MA on this
indicator.
Below is the formula for a "faster"
indicator. Being faster it will produce more whipsaws, so it is best as a
supplement unless your trading is short. Place it in a bottom window pane
and add the same MAs (3 bar MA and a 5 bar MA).
up condition = c-avgc3>0 and
avgc5>(avgc5+avgc5.1+avgc5.2)/3
down condition = c-avgc3<0 and
avgc5<(avgc5+avgc5.1+avgc5.2)/3
Again, any assistance in translating
these formulas into Metastock would be appreciated.
Thanks in advance.
Leon Miller
(Montreal, Canada)
Yahoo! Groups Links
|