Exploration / System Test
This formula is "new" because it is alive. When the market trends (Efficiency is high), the MACD speeds up to catch the move. When the market chops (Efficiency is low), the MACD slows down to filter out the noise. You aren't trading a number; you are trading the market's .
This indicator (similar to the Chaikin Oscillator) shows whether volume is flowing into the security (bullish) or out of it (bearish) based on the close's position relative to the high and low.
While complex, this leverages the Correl() function to show the statistical relationship between price movement and the MACD oscillator, providing a mean-reversion signal when the correlation deviates significantly. metastock formulas new
: Uses a smoothed price action to identify long-term trends. Formula : Mov(C,20,S) > Mov(C,50,S) AND RSI(14) > 50 Volatility-Adjusted Breakout
Scans thousands of instruments to find setups matching your criteria.
MetaStock’s own includes ready‑to‑use formulas ranging from correlation‑based divergence indicators to custom RSI variants. For example, the following formula calculates the correlation between closing price and MACD to detect divergence: Exploration / System Test This formula is "new"
Finally, the most powerful "new" formula you can write is the one that measures consensus. If everyone is looking at the 200-day moving average, the best formula is the one that fades the break of the 200-day moving average when volatility is extreme.
Whether you are looking to scan the S&P 500 for a dynamic breakout, minimize lag on volatile trends, or design automated trailing stops, using updated mathematical expressions gives you a distinct advantage over standard, lag-heavy retail indicators.
Use the := operator to make complex formulas readable. Example: AvgPrice := (H+L+C)/3; You aren't trading a number; you are trading the market's
Metastock formulas let traders formalize intuition into testable systems. Start small, validate widely, and add complexity only when it demonstrably improves out-of-sample performance.
: Scans such as V > Mov(V, 50, S) * 10 identify assets where today's volume is ten times the 50-day average.