This is not technical analysis; it is coded into a line of logic. Most traders ignore this because it requires two data feeds. That is exactly why it works.
Cross(data1, data2) : Identifies when one data array crosses above another.
Traders often use the MetaStock Custom Formula Collection to implement advanced logic without starting from scratch.
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: Identifying stocks where today's volume is 50% higher than the 21-period average: V > Mov(V, 21, S) * 1.5 Advanced Concepts
Buy when the S&P 500 is making a higher high, but the Volatility Index (VIX) is also making a higher high. (Fear confirming price is unsustainable).
Linear Regression Upper LRS := (14 * Sum(Cum(1) * C, 14) - Sum(Cum(1), 14) * Sum(C, 14)) / (14 * Sum(Pwr(Cum(1), 2), 14) - Pwr(Sum(Cum(1), 14), 2)); LRB := Mov(C, 14, S) - Mov(Cum(1), 14, S) * LRS; LR := LRS * Cum(1) + LRB; LR + 2 * Stdev(LR, 14) Use code with caution. Copied to clipboard How to Use These Formulas Open the Tool MetaStock Explorer or Indicator Builder (found under the Create New : Click the Input Code : Copy and paste the formula into the provided formula box. Save as Template This is not technical analysis; it is coded
VolMA := MA(V, 20, S); VolSpike := V > VolMA * 1.5; PriceBreak := C > Ref(Highest(H, 10), -1); TrendUp := C > MA(C, 50, E); VolSpike AND PriceBreak AND TrendUp Use code with caution.
You don’t need to reinvent the wheel. A thriving ecosystem of formula repositories, community forums, and professional services exists.
: Allows you to create custom visuals. A common new practice involves building "self-contained" formulas—such as updated WRO (Weighted Resistance Oscillator) and WSO (Weighted Support Oscillator)—that run up to 40 times faster than older versions by utilizing internal max and min functions. Cross(data1, data2) : Identifies when one data array
MetaStock formulas offer a powerful way to analyze and interpret market data, providing traders with a competitive edge in the markets. By leveraging the latest and most advanced formulas, traders can gain a deeper understanding of market trends, identify potential trading opportunities, and make more informed investment decisions. Whether you're a seasoned trader or just starting out, MetaStock formulas are an essential tool to have in your trading arsenal. With the knowledge and skills outlined in this article, you'll be well on your way to unlocking the full potential of MetaStock formulas and taking your trading to the next level.
Column A: 250 Day High H=HHV(H,250) Filter: New High Occurred Yesterday H=HHV(H,250) AND Ref(H=HHV(H,250),-1)=0 Use code with caution. Copied to clipboard Where to Find New Formulas MetaStock Formulas – Custom Scans & Indicators
Standard moving averages change strictly on price. An adaptive calculation tracks volatility variations to smooth sideways action while catching fast breakout trends. MetaStock | Custom Formula Collection
Disclaimer: Technical analysis is not a guarantee of future performance. Always backtest your strategies and manage risk. Share public link
If price closes high on the bar with high volume, the volume is positive. If it closes low on the bar with high volume, the volume is negative.