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Hi Shelley
Explorations can be set to run on weekly data. I suggest if you do this that you set up explorations specifically for this and add "W" to the name so that you can distinguish your weekly explorations from the daily ones. Edit an exploration and select the Options button to access the periodicity choices. This is not the same as the "global" Explorer Options which sets date and number of records.
If you wish to use both daily and weekly indicators in the same scan then you can use custom indicators such as those from my selection of weekly indicators for EOD data. These can be found at
http://www.metastocktips.co.nz/other_formulas.html, and from time to time new indicators will be added to the range. A weekly version of Kaufman's AMA for EOD data will be included in the March issue of MSTT, along with a daily version for intraday data. These and several other longer-frame indicators will be added to the web page over the next 2 or 3 months.
I'm open to suggestions as to what additional indicators might be useful, and just because you can't find the one you want doesn't mean it doesn't exist or can't be built.
You can, of course, run a daily exploration, and then run the results of that in a weekly scan (or vice versa) by batching two or more explorations (MS 7.0 and above).
Regards
Roy
www.metastocktips.co.nz
----- Original Message -----
From: shelleyide
To: equismetastock@xxxxxxxxxxxxxxx
Sent: Friday, February 24, 2006 6:48 AM
Subject: [EquisMetaStock Group] General Help/Advice Needed for Working with Weekly Moving Averages
I started my trading career, such as it is, using daily data but
recently I've concluded that a longer perspective is very helpful in
making trading decisions. I've used moving averages, relative
strength, volume and the MACD with daily data and I'd like to do the
using weekly charts. I use the Explorer to locate trading opportunities.
Does anyone have some tips/advice on how to conduct explorations and
how to write formulas based on weekly charts in Metastock?
Thanks.
Shelley
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