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RE: [EquisMetaStock Group] Creating a simple horizontal line indicator



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Chorlton

This is an unfancy way of doing it, assuming I have understood you correctly

Volume Line

AV:=Mov(V,5,S);
VLn:= LastValue(AV);VLn;

If you haven't done so, work through the Formula Primer (its in the files
section for this group). It's the way to get started. Then if you are
serious about doing any real coding in Metastock, get Roy's newsletter. The
bang for the buck is way higher than anything else out there.
http://www.metastocktips.co.nz/

Good luck
Andrew

-----Original Message-----
From: equismetastock@xxxxxxxxxxxxxxx [mailto:equismetastock@xxxxxxxxxxxxxxx]
On Behalf Of chorlton_c_hardy
Sent: Thursday, June 16, 2005 1:21 PM
To: equismetastock@xxxxxxxxxxxxxxx
Subject: Re: [EquisMetaStock Group] Creating a simple horizontal line
indicator



Hi Andrew,

Can you expand on what you've said?  I've only had Metastock for a 
few weeks and really struggling with the code element.

I had a look in the help section with regard to lastvalue but the 
information there was pretty limited.

Kind Regards,

Chorlton

--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson" 
<andrew_tomlinson@xxxx> wrote:
> LastValue should do it
> 
> -----Original Message-----
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of chorlton_c_hardy
> Sent: Wednesday, June 15, 2005 4:32 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Creating a simple horizontal line
indicator
> 
> 
> Hi All,
> 
> I want to create an indicator that plots a horizontal line based
on 
> the average volume over the last x days.
> 
> For example:
> 
> If I wanted to plot the average volume for the last "5" days and
> those volumes were as follows:
> 
> Yesterday's Volume  40,000
> 2 Days ago Volume   50,000
> 3 Days ago Volume  160,000
> 4 Days ago Volume   60,000
> 5 Days ago Volume   50,000
> 
> I would be looking for a horizontal line to go through the level
72,000
> (360,000 / 5)
> 
> Can anyone help?
> 
> PS. I have tried using a MA but without the desired results.
> 
> 
> Many Thanks in Advance
> 
> Chorlton
> 
> 
> 
> 
> 
> 
>  
> Yahoo! Groups Links







 
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