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This formula does not ask, "Is price moving fast?" It asks, "Are the heavy dollars moving the price?" This is new. This is contextual.
: Scans for securities where the short-term Rate of Change (ROC) is significantly accelerating relative to its 12-month baseline. Column A (Momentum Gap) ROC(C, 21, %) - ROC(C, 250, %) Use code with caution. Copied to clipboard Filter (Accelerating Trend) metastock formulas new
Implementing these formulas is straightforward. Follow these steps:
Every calculation begins with basic price or volume data. MSFL uses short codes to represent these arrays: : Closing price O : Opening price H : High price L : Low price V : Volume P : Price data field selected by the user Syntax and Variables : This article is for informational purposes only
Plot as a custom indicator or use in the Explorer to find breakout stocks with high volume confirmation. B. Dynamic Volatility Bollinger Bands
Ensure your new formulas work on daily, weekly, and intraday data by using the Timeframes feature in the indicator builder. This formula does not ask, "Is price moving fast
To maximize the effectiveness of MetaStock formulas, keep the following tips and tricks in mind:
This comprehensive guide breaks down syntax fundamentals, reveals advanced programmatic workflows, and provides ready-to-use custom indicator scripts. Foundations of MetaStock Formula Architecture
Use Ref(X, -1) to look at previous bars, and Highest(H) to calculate breakouts 1.2.4.