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Norman, there are aspects of your exploration that would need to be
clearly defined in logical terms before it can be coded in MetaStock.
> 1. A volume signal(v > 2x the average volume over the last 4-5
> weeks).
VolPds:=4;
V>Mov(V,VolPds,S)*2
> The initial vol surge should be followed by several more weeks of
> heavy trading
"Several more weeks" and "heavy trading" need to be defined.
> 2.price should have risen > 40% over the last 4-5 weeks before the
> breakout above resistance(my formula for breakout above resistance
> is: fml("resistance")=100
rise:=40;
pds:=4;
startPrice:=ValueWhen(pds+1,1,C);
move:=(C/startPrice-1)*100;
move>rise AND fml("resistance")<100
> 3.The URSC should be in negative territory or hugging the zero line
> in a neutral manner.
URSC:=Fml("URSC-US Chart vs S&P 500");
neutralPercent:=2;
URSC<0
OR URSC<neutralPercent AND URSC>-neutralPercent
> Then when the share breaks out above resistance the URSC should move
> decisively into positive territory.
The URSC cannot be in neutral or negative territory, and decisively
positive territory at the same time. You would need to define the
setup period.
So, this is what we have so far for your URSC exploration:
---8<--------------------------
VolPds:=4;
condition1:=V>Mov(V,VolPds,S)*2;
rise:=40;
pds:=4;
startPrice:=ValueWhen(pds+1,1,C);
move:=(C/startPrice-1)*100;
condition2:=move>rise AND fml("resistance")<100;
URSC:=Fml("URSC-US Chart vs S&P 500");
neutralPercent:=2;
condition3:=URSC<0
OR URSC<neutralPercent AND URSC>-neutralPercent;
condition1 AND condition2 AND condition3
---8<--------------------------
jose '-)
http://www.metastocktools.com/URSC/URSC.htm
--- In Metastockusers@xxxxxxxxxxxxxxx, "ruagoodp" <almutwinter@xxxx>
> wrote:
>
> I just bought your Ursc Kit and so far am impressed.
> Could you help me with an exploration code using your kit?
>
> Basically I am examing a weekly chart.
>
> I am looking for:-
>
> 1. A volume signal(v > 2x the average volume over the last 4-5
> weeks).The initial vol surge should be followed by several more
> weeks of heavy trading
>
> 2.price should have risen > 40% over the last 4-5 weeks before the
> breakout above resistance(my formula for breakout above resistance
> is: fml("resistance")=100
>
> 3.The URSC should be in negative territory or hugging the zero line
> in a neutral manner.Then when the share breaks out above resistance
> the URSC should move decisively into positive territory.
>
>
> Is it possible to code this in metastock for a weekly exploration
> Jose?
>
> Hope you or anyone else can help
>
> Cheers
>
> Norman
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