|
Hi Chorlton
I think this is what you are asking
for.
{Custom Oscillator}
MADifference:=Mov(C,3,E) -
Mov(C,9,E);
MASignal:=Mov(MADifference,16,E);
MADifference;
MASignal;
Regards
Roy
----- Original Message -----
Sent: Friday, October 14, 2005 7:47 AM
Subject: [EquisMetaStock Group] Help with creating 2 Momentum
Indicators
Hi All,
Can anyone help me !!!
I want to create
a new oscillator in Metastock, which will contain 2
lines as momentum
indicators and would welcome any help regarding
creating these.
The
basic idea is that I want to plot a line, which is the result of
one Moving
Average deducted from another Moving Average and plot the
net result (either
a positive or negative number) as a line on the
chart.
The formula
for the 1st line on the Oscillator should be:
3 day MA of closing price
minus 9 day MA of closing price
(if this is working properly then
hopefully the line should rise
above the horizontal 0, if the price over the
last few days has been
moving up faster than the price for the last couple
of weeks &
obviously below it if it hasn't)
The 2nd line on
the Oscillator should be:
16 day MA of the 1st Oscillator line (which has
just been plotted)
Can anyone help me in putting this all together
:-/ as my current
knowledge of Metastock is limited.
Many
Thanks in advance,
Chorlton
SPONSORED LINKS
YAHOO! GROUPS LINKS
|