StochPVT Indicators

Though not directly related to the volume percent indicator, I have recently been using a volume indicator that I wrote myself in MetaStock's formula language. It uses the same idea that Chande used to turn RSI into the StochRSI oscillator and the preprogrammed Price Volume Trend function. Price Volume Trend is similar to On Balance Volume, except that as the volume is accumulated, it is weighted according to the percent price change from the previous close. I use fast and slow "stochastic" lines to judge when either accumulation or distribution is taking place. I used a look back period of 19 days which fits my style. Signals are generated by the fast crossing above or below the slow lines. I have not worked with it enough to say whether or not divergences offer signals too.

Formulas for the StochPVT are shown below:
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{Fast line}

Mov((PVT()-LLV(PVT(),19))/
(HHV(PVT(),19)-LLV(PVT(),19)), 5, S)

{Slow Line}

Mov(Mov((PVT()-LLV(PVT(),19))/
(HHV(PVT(),19)-LLV(PVT(),19)), 5, S),3,S)

Make your custom Meta Stock Indicators

1. Open Meta Stock
2. Click Formula indicator builder from top tool box.
3. You will see formula indicator builder window. You can write or paste your indicator formulas Formula text box. (You can use formula tool for your custom formulas)

Zig Zag Validity

perc:=Input("Percent",2,100,10);
Z:=Zig(C,perc,%);
last:=ValueWhen(1,
( Z > Ref(Z,-1) AND Ref(Z,-1) <> Ref(Z,-2) ),
Ref(Z,-1));
pc:=(C-last) * 100 / last;
pc:= Abs(pc);
SD:=(z>Ref(z,-1) AND Ref(z,-1)>Ref(z,-2)) OR (z=perc ,1,0);
If(Alert(res,2) AND SD,1,res);

Dahl Oscillator

I came up with the following to put Dahl into an oscillator format. It is the STOCHRSI formula, replacing RSI with a 55 day Dahl. Does this reflect your thinking on the indicator? It seems to lead changes in Dahl by a period or two, but doesn't seem as fast as the STOCHRSI indicator. Checking a few stocks in my database, there are very few times that it goes below zero, but it will 'peg out' at 100 for significant periods. Perhaps the 14 day smoothing is too short in relation to the 55 period primary indicator. A longer MA period seems to smooth it out significantly, which would seem to defeat the purpose of using an oscillator.

Mov((mov(c,55,simp) - ref(mov(c,55,simp),-15)- LLV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14))/(HHV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14)-(LLV(mov(c,55,simp) - ref(mov(c,55,simp),-15),14))),14,E)*100

Close Above Median Price - Metastock Formula

by The Strategic Electronic Day Trader.

This exploration is designed to find those stocks where the close is above the median price over the past five days. It matches the steps in Dels book "The Strategic Electronic Day Trader".

Col A: CLOSE - MP()

Col B: (Ref(CLOSE,-1))-(Ref( MP() ,-1))

Col C: (Ref(CLOSE,-2))-(Ref( MP() ,-2))

Col D: (Ref(CLOSE,-3))-(Ref( MP() ,-3))

Col E: (Ref(CLOSE,-4))-(Ref( MP() ,-4))



Filter: colA>=0 AND colB>=0 AND colC>=0 AND colD>=0 AND colE>=0



The filter in the exploration only shows those stiocks that have the strongest bullish bias over all 5 days. By removing the filter all stocks will be shown. Ranking the first colum will then allow you to estaboish the overall score for each stock.

ADX Raw - Metastock Indicator Formula

By Equis International Metastock Indicators

Periods:= Input("Enter time periods",1,100,14);



PlusDM:= If(HIGH>Ref(HIGH,-1) AND

LOW>=Ref(LOW,-1), HIGH-Ref(HIGH,-1),

If(HIGH>Ref(HIGH,-1) AND LOWAND HIGH-Ref(HIGH,-1)>Ref(LOW,-1)-LOW,

HIGH-Ref(HIGH,-1), 0));

DIPlus:= 100 * Wilders(PlusDM,Periods) /

ATR(Periods);



MinusDM:= If(LOWHIGH<=Ref(HIGH,-1), Ref(LOW,-1)-LOW,

If(HIGH>Ref(HIGH,-1) AND LOWAND HIGH-Ref(HIGH,-1)Ref(LOW,-1)-LOW, 0));

DIMinus:= 100 * Wilders(MinusDM,Periods) /

ATR(Periods);



DIDif:= Abs(DIPlus - DIMinus);

DISum:= DIPlus + DIMinus;

ADXRaw:= 100 * Wilders(DIDif/DISum, Periods);



ADXRaw

Hello World ;)

You can find in this blog which i collect MetaStock formulas from web and mine formulas.