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Hi Roy:
Same here -- thanks for the detailed explanation.
Rajiv
On Fri, Mar 6, 2009 at 2:36 PM, Roy Larsen <rlarsen@xxxxxxxxxx> wrote:
> Hi Vinod
>
>
> If this oscillator is already stored as an indicator in MetaStock then you
> can call the indicator in the exploration filter using the Fml() function,
> like this perhaps... Fml("Kaufman Market Efficiency Ratio")>0
>
> As written the formula has ZERO as the last of two outputs, and it would
> therefore reject all securities because zero cannot be greater than zero. By
> reversing the order of "MER" and "0" the last output is changed to MER and
> this can be tested for greater than zero. Remember, when using formulas with
> multiple outputs (plots or results) only the last output is recognised by an
> exploration. That's unless you call a named variable and test it, like this
> maybe...
>
> FmlVar("Kaufman Market Efficiency Ratio","MER")>0
>
> When calling a named variable with FmlVar() it doesn't matter where it is
> generated in the formula, but when you're calling the formula with Fml() the
> value that's returned to the exploration is always the last output.
> Similarly, the filter can only test the last output of an exploration
> column.
>
> If the formula is not stored as an indicator then you can insert the
> following code into an exploration.
>
> pds:= 8;
> Speed:= C - Ref(C, -pds);
> Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
> Efficiency:= Speed / Volatility;
> MER:= Mov(Mov(Efficiency, 5,E),3,E);
> MER>0
>
> If I was setting up the exploration for myself I would create the indicator
> and name it "Kaufman Market Efficiency Ratio". (not retaining the braces {}
> as part of the indicator name)
>
> {Kaufman Market Efficiency Ratio}
> pds:= Input("Periods",3,200,8);
> Speed:= C - Ref(C, -pds);
> Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
> Efficiency:= Speed / Volatility;
> MER:= Mov(Mov(Efficiency, 5,E),3,E);
> 0;
> MER;
>
> And my exploration would look like the one below (I've tested it and it
> works as intended). This exploration will return the formula value in column
> A, a TRUE or FALSE result on column B, and the filter eliminates all
> securities reporting a FALSE in column B.
>
> {colA}
> Fml("Kaufman Market Efficiency Ratio");
>
> {colB}
> Fml("Kaufman Market Efficiency Ratio")>0;
>
> {Filter}
> colB
>
>
> Hope this helps.
>
> Regards
>
> Roy
>
>
> ----- Original Message -----
> From: vinodkochappan
> To: equismetastock@xxxxxxxxxxxxxxx
> Sent: Friday, March 06, 2009 8:12 PM
> Subject: [EquisMetaStock Group] Exploration
>
> Hi,
>
> Can anyone pls help me make an exploration to find stocks whose value is abv
> Zero(0) with the following formula
>
> pds:= Input("Periods",3,200,8);
> Speed:= C - Ref(C, -pds);
> Volatility:= Sum(Abs(C - Ref(C, -1)),pds);
> Efficiency:= Speed / Volatility;
> MER:= Mov(Mov(Efficiency, 5,E),3,E);
> MER;
> 0;
>
> Thanx and regds............Vinod
>
>
>
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>
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>
>
--
Rajiv
Sent from: Baltimore Maryland United States.
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