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Hello,
I have been using Metastock with realtime data and intend to execute a
few formulae in order to scan for stocks meeting a certain criterion
for stock picking ...
The intent is to devise a formula to calculate the "run" of a stock
which gives a good idea about the short-term prevailing trend of the
stock price. I would like to know what types of functions from the
metastock formula language may need to be used to calculate the "run".
The algorithm of a "run" is the number of consecutive ups or downs in
the price action of a stock from a certain date in the past - on an
intraday chart [5min] chart.
I would be thankful to anybody who can give the list of possible
functions that will be handy in implementing this algo. I am not yet
familiar with the nuances of all the functions in Metastock. I can
implement the algo thereafter ... and put it on the yahoogroup ...
- Thank you
- Shobhit Mathur
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