: Write formulas to scan thousands of securities for specific technical setups.
To create a complete trading system, use the : metastock formulas new
This comprehensive guide breaks down syntax fundamentals, reveals advanced programmatic workflows, and provides ready-to-use custom indicator scripts. Foundations of MetaStock Formula Architecture : Write formulas to scan thousands of securities
This formula calculates the upper and lower bands around a 20-period moving average using a standard deviation of 2. reveals advanced programmatic workflows
Breakout with volume filter BreakLevel = Highest(C, 20) VolFilter = V > Mov(V, 20,1) * 1.2 Buy = Cross(C, BreakLevel) AND VolFilter Sell = Cross(BreakLevel, C)