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Tim,
Firstly, ignore my last message as i've sorted out the problems with
writing the code in the Indicator Builder. It was "User Error" as a
result of me being Very Tired!!!
Anyway, it works brilliantly so thanks. But ;-) can I ask one
further question?
Is there anyway in the code that you can assign different colours,
styles & also specific seperate names to the 2 different lines???
I know i can change the colour after they have been plotted, but its
difficult to know which one is which!! If they could be
automatically plotted in different colours or with different names
that would help me so much......
Once again Thanks Tim,
Chorlton
--- In equismetastock@xxxxxxxxxxxxxxx, "Tim" <prez@xxxx> wrote:
>
> Hi Cholrton,
>
> The indictor that you are describing is called a Price Oscillator
and is
> available stock standard in Metastock.
> The only thing you can't do with it is apply a moving average to
the Price
> Oscillator indicator output, that is unless you create your own
custom
> indicator.
> Below is some code that will allow you to achieve this.
>
> Pd1:=Input("Short MA Period",1,50,3);
> Pd2:=Input("Long MA Period",5,100,9);
> Pd3:=Input("Oscillator MA Period",5,100,16);
> Osc:=OscP(Pd1,Pd2,E,$);
> OMA:=Mov(Osc,PD3,E);
> Osc;OMA;
>
> Regards,
> Tim Hyder
> -------------------------------------------------------
> A successful man is one who can build a firm
> foundation with the bricks that others throw at him.
>
> David Brinkley
> -------------------------------------------------------
> _____
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of chorlton_c_hardy
> Sent: Friday, 14 October 2005 02:47
> To: equismetastock@xxxxxxxxxxxxxxx
> 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
>
>
>
>
>
>
>
>
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