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Yes, this strategy is quite possible to program into an Exploration, given
a little bit of time and effort.
Use the HHV() & LLV() functions to determine the price % spread. The 10%
of High above the previous Close will probably result in very few signals.
I would program this pattern into a signals indicator first, for visual
inspection purpose.
jose '-)
http://www.metastocktools.com
--- In equismetastock@xxxxxxxxxxxxxxx, "cwseow" <cwseow@xxx> wrote:
>
> Hi all,
>
> I wish to write an explorer formula with the following criteria.
>
> Mkt going sideway (horizontal) with a price band <15% for at least 20
> days or more and Breakout of the band today at a rate >10% of the
> previous bar close.
>
> example: chart goind sideway, let say in between the band of 95c ~
> 105c for the past 20 days or more and today breakout of the high of
> the band with a rate > 10%.
>
> Is it possible to program into metastocks explorer?
>
> Please advice, thanks a lot in advance.
>
> Best regards,
> cws
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