Ask Colin

Do you have MetaStock formulas for the Insight Trader filters that you use?

This question has led to the following article that will appear in my Newsletter No 30:

My Key Filters in MetaStock Language

Recently, one of the questions to my web site was whether I could advise how my various Insight Trader Filters could be written in MetaStock language. I sought the assistance of Simon Sherwood, who is probably the most knowledgeable person in Australia on MetaStock and author of the best selling book MetaStock in a Nutshell, published by Wrightbooks. Simon came up with the following:

1. Filters for Breakouts and Trending Stocks
Enter in Filter section of Exploration Editor

52 week new highs in last 5 days

HHV(H,5)>Ref(HHV(H,260),-5)

- Exploration Periodicity DAILY
- In Explorer OPTIONS,set DATA LOADING to 'Load Minimum Records'

Monthly MACD crossover

CROSS(MACD(),MOV(MACD(),9,E)

- Exploration Periodicity MONTHLY

2. Filters for Breadth Indicators
Enter in Filter section of Exploration Editor

52 week new highs

H>REF(HHV(H,260),-1)

- Exploration Periodicity DAILY
- Count number of stocks in Report

52 week new lows

L<;REF(LLV(L,260),-1)

- Exploration Periodicity DAILY
- Count number of stocks in Report

Advances

C>REF(C,-1)

- Exploration Periodicity DAILY
- Count number of stocks in Report

Declines

C<;REF(C,-1)

- Exploration Periodicity DAILY
- Count number of stocks in Report

3. Coppock Indicator
(As per Newsletter No 1)

MOV(ROC(C,14,%)+ROC(C,11,%),10,W)

 

- plot on a MONTHLY chart

 

On behalf of all my MetaStock user readers, I thank Simon for taking the time to develop these formulas and making them available through my Newsletter.

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