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Chorlton,
(Mov(V,30,S)) is the same as (Sum(V,30)/30).
(LastValue(Sum(V,30)/30)*3) yields a line that is 3 times the average
of the last 30 days. You could in fact use either and achieve the
same results. Your formula looks okay but you could change it to:
V >= (LastValue(Sum(V,30)/30))*3
You could also use the highest high value instead of lastvalue:
V >= HHV(Sum(V,30)/30,30)*3
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "chorlton_c_hardy"
<micro_dot_uk@xxxx> wrote:
>
> Hi MN,
>
> Thanks for the reply but if I can I'd like to use LastValue(Sum
> (V,30)/30) instead of a MA to calculate the average volume. I
> already have an indicator in my charts based on LastValue(Sum
> (V,30)/30) and (for what I want) gives me much more accurate
results
> compared to a MA.
>
> Thanks for your reply thou........
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, mradula nirmal
> <mn141139@xxxx> wrote:
> > Hallo,
> >
> > Try this formula:
> >
> > V > Mov(V,30,S) * 3.00
> >
> > Best wishes,
> >
> > MN
> >
> > chorlton_c_hardy <micro_dot_uk@xxxx> wrote:
> > Hi All,
> >
> > I'm trying to write an exploration based on the following
criteria:
> >
> > 1) Todays Volume is 3 times (or greater) the average volume for
> the
> > last 30 days
> >
> > So far I have: V>(LastValue(Sum(V,30)/30)*3)
> >
> > However, when I run this, the stocks which are returned to me do
> not
> > meet my criteria.
> >
> > Where am i going wrong? I've only been using Metastock for a
> short
> > time and thanks to various posters on here (you know who you are)
> > I'm beginning to write my own (very basic) formulas.
> >
> > ..but obviously at the moment, not doing a very good job! :-(
> >
> > Any help appreciated,
> >
> > Chorlton
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